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GVC Holdings H1-2015 results

Management expects to play a leading role in industry consolidation.
GVC Holdings plc, still embroiled in the fight to buy Bwin-Party, issued its H1-2015 results Friday, commenting that it intends to play a key role in the consolidation phase the online gambling industry is currently experiencing.
Highlights from the report include:
* Wagers - up 18.6 percent to Euro 824 million (H1-2014: Euro 694 million);
* Sports Gross Margin down at 8.8 percent (H1-2014: 9.9 percent);
* Net Gaming Revenue up 15.1 percent to Euro 121 million (H1-2014: Euro 105 million);
* Contribution up 15.3 percent to Euro 65 million (H1-2014: Euro 57 million);
* Clean EBITDA up 14 percent to Euro 25.5 million (H1-2014: Euro 22.4 million);
* Deposit values up 18 percent on H1-2014;
* In-play betting generating 73 percent of Sports Gross Margin (H1-2014: 63 percent);
* Mobile generating 38 percent of Sports Gross Gaming Revenue (H1-2014: 22 percent);
* Adjusted, diluted Earnings Per Share - growth of 25 percent to 33.3 Euro cents;
CEO Kenneth Alexander, said the company continues to show strong financial performance, with growth in revenue, clean EBITDA and dividends.
"With our track record of delivering value through organic growth and acquisitions we are determined that GVC will play an important role in the continuing consolidation of the online gaming sector. We expect to update the market soon about our discussions with digital entertainment plc," he said.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

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Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

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Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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