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 strategic progress in H1, and remains “well on target” to fully integrate the bwin.party business by the end of Q2 2017.

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