Kenneth Alexander, chief executive of GVC, has said that the company has continued to experience growth in the second quarter of this year, following the acquisition of bwin.party.
In a trading update, issued ahead of the company’s AGM today (Tuesday), GVC said average group pro forma revenues per day for the second quarter are 11% higher than in the corresponding period last year and 15% up on a constant currency basis.
GVC, which last month revealed huge revenue gains for the first quarter of the year, finalised its acquisition of online gaming operator bwin.party on February 1.
The company yesterday also announced a long-term licensing deal with Betfred.
“I am delighted to be able to report a continuation of the strong trading performance previously announced at the time of our final results on April 25.
“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.
“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.
“In addition, the plan to seek a transfer to the Premium Segment of the Official List is progressing and we anticipate making further announcements on this in due course.”
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