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GVC acquires Australian operator Neds for initial AUD$68m

22nd November 2018 9:22 am GMT

London-listed GVC Holdings has strengthened its position in the Australian market with the acquisition of online betting operator Neds International.

Licensed in the Northern Territory, Neds is a relatively new entrant to the Australian betting market and only launched operations online last October.

Since then the operator has experienced rapid growth through a combination of effective marketing, proprietary technology and an experienced management team, led by executive chairman Dean Shannon. This year the business expects to achieve [...]

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