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GVC Holdings Posts Trading Update

Internet betting firm GVC Holdings plc has posted a trading update, revealing that the company is paying shareholders 15.5 Euro cents as a dividend.

Company highlights for the year thus far are:

  • Sports wagers up 21.4 percent at Euro 4,590,000;

  • Margin on sports wagers 8.75 percent (3014 corrsponding period - 9.62 percent);

  • Sports NGR up 15.2 percent at Euro 311,000;

  • Gaming NGR up 19.7 percent at 347,000;

  • Total daily NGR up 17.5 percent at Euro 658,000.

GVC CEO Kenneth Alexander commented on the results, noting: "The board is delighted by the strong start to 2015 despite a lower sports margin as a result of punter friendly results so far this year as has been commented upon already by a number of our peers. The business continues to show impressive growth and we continue to remain confident for the rest of the year."