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Bwin.Party Earnings up
Tuesday January 5,2016 : SALES UP AT BWIN.PARTY IN FOURTH QUARTER
Good news prior to merger with GVC Holdings.
In a trading update Tuesday online gambling group Bwin.Party Digital Entertainment plc offered some good news to investors for a change as it approached its merger with GVC Holdings plc
In a trading update the company reported that fourth quarter sales revenue returned to growth and was up 5 percent year-on-year, driven by the sports betting and casino businesses, which both enjoyed stronger performances, particularly in the mobile channel.
"Based upon recent trading performance, the forthcoming Euro Championship in 2016 and the full year benefit of cost savings already achieved in 2015, the board believes that the group's prospects are strong, and these will be enhanced yet further by the proposed combination with GVC," the company said in a trading statement to the London Stock Exchange.
The company additionally announced that its GBP 1.1 billion merger with GVC should complete by 1 February, subject to the prior approval of the Court of Gibraltar.
Gambling News :
League of Legends Live Odds -
This week, Betradar, the premium partner for the betting industry worldwide, has officially launched live odds for League of Legends, developed in conjunction with esports big data specialists DOJO Madness.
Comunio in deal with -
One of the leading providers of fantasy sport across Europe, Comunio, has kicked off its pre-season build up by signing a transfer deal that will see Sportradar
McGregor’s Odds vs. Mayweather Get Even Shorter -
Conor McGregor is still the underdog for his August 26 superfight in Las Vegas with Floyd Mayweather Jr., but his odds are improving. McGregor has shortened from +375 last week to +350 at press time, with Mayweather moving from –550 to –500.
Gemtopia Slot Launches -
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MLB Odds: Yankees vs. Jays at Rogers Centre -
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New Microgaming HQ Opens -
Microgaming’s new purpose built HQ on the Isle of Man, adjacent to its existing office, officially opened on 31 July 2017.
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