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GVC primed for future growth following transformational 2016

23rd March 2017 9:31 am GMT

London-listed online gaming operator GVC Holdings has declared a second special dividend in respect of its 2016 results, despite posting a net loss of €138.6m for the year.

While consolidated revenue soared 234 per cent to €823.3m following the acquisition of bwin.party in February last year, GVC's statutory net loss reflected one-off costs of €117.8m largely related to the acquisition, finance expenses of €65.3m and depreciation and amortisation charges of €136.5m.

On a pro-forma basis however (as [...]

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