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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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