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GVC revenue soars but acquisition costs hit bottom line

20th September 2016 8:49 am GMT

London-listed gaming operator GVC Holdings has recorded a net loss of €84.2m for the first half of 2016 on significantly higher costs, mostly as a result of its bwin.party acquisition.

Net gaming revenue (NGR) soared by 223 per cent year-on-year to €390.6m, including results from bwin.party from February 1st of this year, with the German and Turkish markets representing more than a third of the total.

GVC said that it made significant operational and [...]

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