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Business improves for GVC Holdings following Bwin.Party acquisition
Online sportsbetting and gaming provider GVC Holdings has released a trading update regarding its fourth-quarter performance and showing that it expects to report a 7% year-on-year increase in net gaming revenues to just over $249.3 million.
Established in 2004, GVC Holdings acquired rival Sportingbet in 2012 before expanding again four years later with the purchase of Bwin.Party Digital Entertainment. The Isle Of Man-based firm revealed that the three months to the end of December saw its daily net gaming revenues swell by 7% year-on-year to almost $2.7 million.
GVC Holdings mo…