24th May 2016 07:40
LONDON (Alliance News) - E-gaming operator GVC Holdings PLC on Tuesday said trading at the company has continued its "upward momentum" since the acquisition of bwin.party in February.
Average group pro-forma revenue per day in the second quarter is 11% higher than the comparative period the year before, GVC said.
"It is pleasing to see that our strategy to reinvigorate growth at bwin.party is delivering positive early results," Chief Executive Kenneth Alexander said ahead of GVC's annual general meeting on Tuesday.
"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," he added.
On Monday, GVC said it signed a 10-year agreement with Betfred, allowing it to licence its online sportsbook and gaming platform to the bookmaker.
GVC added on Monday that its plan to seek a transfer to the premium segment of the Official List is progressing.
Shares in GVC were trading up 2.9% at 586.50 pence on Tuesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
GVC.L