Key Takeaways
- The third quarter trading update from GVC Holdings includes an “indicative timeframe” that sets the completion of its deal to buy bwin.party in “early 2016.”
- The trading update reported net gaming revenue averaging €670k per day in the nine months to September 30—11% higher than the same period in 2014. Customer deposits increased by 14% on the same basis, and total wagers have grown from an average of €3.9 million per day to €4.5 million.
The third quarter trading update from GVC Holdings includes an “indicative timeframe” that sets the completion of its deal to buy bwin.party in “early 2016.”
GVC states that it has sent a first draft of a prospectus to the UK Listing Authority and expects the final document to be ready in November.
