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Positive Q4 update drives GVC shares to new 52-week high

4th December 2013 8:21 am GMT

GVC Holdings has seen average daily wagers rise by 23 per cent quarter-on-quarter and average daily revenue climb 4 per cent in the first two months of the fourth quarter, helping the Malta-licensed operator to offset the effects of recent unfavourable sporting results.

Average wagers per day rose from €3.3m in Q3 to €4m in the fourth quarter, representing 12 per cent year-on-year growth. However, the “punter-friendly nature” of a number of sporting events did result [...]

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