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GVC drops Betaland business

10th April 2012 9:00 am GMT

GVC Holdings has entered into an agreement with an independent third party to dispose of its Betaland business after determining that the returns on the business no longer justify the risks involved with this operation.

GVC said the Betaland sports book and gaming business would be transferred to the entirely independent company, GVC New Limited, for nil consideration, saving GVC significant redundancy costs.

GVC stressed that none of its directors, officers or shareholders hold an interest in [...]

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