Tuesday May 24,2016 : GVC PLEASED WITH Q2 TRADING UPDATE
bwin.party delivering positive early results, says CEO.
GVC Holdings reported an 11 percent increase in revenue during a second quarter trading update ahead of its annual general meeting today.
On a constant currency basis, the company said it had achieved a 15 percent increase in revenue as it continues its upward momentum since the acquisition of bwin.party.
“It is pleasing to see that our strategy to reinvigorate growth at bwin.party is delivering positive early results, which is in part a reflection of the high quality people within the enlarged Group,” Kenneth Alexander, chief executive officer for GVC commented.
“This, together with the transformational B2B deal with Betfred, that we announced yesterday, gives me confidence that we can deliver significant value to our shareholders.”