Tag Archives: kenneth alexander

GVC Holdings reports record revenue performance for H1 2015

Online gambling group GVC Holdings the operator at the centre of a potential bwin.party reverse takeover announced its H1 2015 trading update. The London AIM listed firm reported that it had increased wagering revenue by 19% to €823 million (H1 2014: €690 million). Its strong wagering performance transferred to an increase in Net Gaming Revenues (NGR) of €120 million up …

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GVC Holdings confirms acquisition bid for entire bwin.party assets

Online gambling investment firm GVC Holdings has confirmed to the media, that it has submitted a proposal for the acquisition of bwin.party entertainment in its entirety. GVC Holdings this morning released a short corporate statement confirming its actions and interests with regards to bwin.party. A bwin.party counter statement would confirm the interest of GVC’s acquisition proposal, and would further state …

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Increased daily revenues see GVC post strong 2015 opening

Ahead of its Annual General Meeting, GVC Holdings Plc has issued a trading update for its opening four month performance of 2015 (120 days period ending 30 April). The operating firm of Sportingbet, Casino Club and Betboo brands has recorded average daily net gaming revenues (NGR) of €658,000, up 17.5% on €560,000 on the comparable period of 2014 Giving insight …

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GVC speculates at potential bwin.party acquisition

Following this week’s announcement of record breaking corporate performance with EBITDA earnings of €49 million, gambling investment firm GVC Capital has been speculated as a potential acquirer of operator bwin.party. Throughout 2014, bwin.party has been subject to speculation of a takeover or a sale of its individual business assets. This March bwin.party Chairman Philip Yea confirmed that the operator had …

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GVC Holdings records + 217% profit increase in 2014

GVC Holdings operating firm of Sportingbet, Casino Club and Betboo brands, reported its preliminary results for 2014, recording key growth in all top line performance metrics. In 2014 the operator had recorded increased player wagering which brought gross revenues up to €1.47 billion (FY 2013: €1.1 billion). The improved player wagering transferred to a 32% increase in net gaming revenues …

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GVC Holdings reports record December as corporate revenues and margins rise

GVC Holdings operating company of sports betting brands Sportingbet, Casino Club and betboo reported to its shareholders that its 2014 ended strongly with gaming revenues exceeding €20.3 million for the month of December. In a short Q4 2014 announcement, GVC stated a record level of sports betting turnover during the period, which helped them post a Net Gaming Revenue (NGR) …

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GVC Holdings confident of hitting targets after strong Q4 2014 performance

GVC Holdings PLC controlling company of sports betting and igaming brands Betboo, Sportingbet and Casino Club, stated that it was confident of hitting its raised market expectations having published a strong performance for its latest Q4 2014 results. The operator had seen recorded improved sports wagering during the quarter up 12% on Q4 2013 figures (see performance chart below).  GVC …

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GVC Holdings reports strong H1 2014 performance

London FTSE listed GVC Holdings Plc reported a strong start to H1 2014, with the operator seeing gaming wagers up 38% to €694 million / £546 million (H1-2013: €502 million / £395 million) The increase in player wagering helped the operator report improved net gaming revenues of €105 million / £83 million (up 44% on 2013 H1 – €73 million …

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Strong sports betting performance sees GVC Holdings profit double

Multinational gaming group – GVC Holdings, operators of igaming brands – Betboo, Casino Club and Sportingbet posted a strong 2013 performance. The company issued its audited results for its 2013 financial performance. 2013 highlights, saw the company post an increase in total revenues of 69% to €180.6 million (2012: €107.1 million). Revenue performance was further supported by a 148% year …

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