GVC Holdings Net Gaming Revenue Grows In 2015 Ahead Of Bwin Merger

LONDON (Alliance News) - Online gaming company GVC Holdings PLC on Monday said net gaming revenue continued to grow in the fourth quarter, capping a year of growth for the group in 2015.

Net gaming revenue for the group in the fourth quarter was EUR65.5 million, up 10% year-on-year, and for the full year to the end of December it also rose 10%, to EUR247.7 million.

Sports wagers in the fourth quarter increased 14% year-on-year, up to EUR456.0 million, the group said, slightly slower than the full-year growth rate of 15%.

GVC said it will publish its full-year results in April.

"I am delighted to report yet another set of strong numbers as 2015 year ended very positively for GVC," said Kenneth Alexander, GVC's chief executive, who added the group expects to complete its merger with larger rival Bwin.Party Digital Entertainment PLC by February 1.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.