GVC reveals revenue growth ahead of bwin.party merger

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GVC Holdings has given a boost to the market ahead of its proposed merger with bwin.party by unveiling year-on-year financial growth during the 12 months to December 31, 2015.

In a trading update, GVC said that net gaming revenue during the period came in at €247.7 million ($269 million), which represents an increase of 10.2% on the €224 million posted in the previous year.

Other key figures from the update include an average daily net gaming revenue volume of €679,000 across its various divisions, with sports wagers up to a daily average of €4.6 million.

Average daily net gaming revenue from sports totalled €317,000, while gaming came in at an average of €362,000 per day.

Publication of the results comes after bwin.party last week also revealed year-on-year revenue growth for the 12-month period in a pre-close trading update.

read more at iGamingBusiness.com

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