Edison Investment Research - GVC Holdings (GVC) Update: H115 update and bwin.digital proposal

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Edison Investment Research

Update: H115 update and bwin.digital proposal

GVC has announced a positive H115 trading update with net gaming revenue up 14% against a strong FIFA World Cup comparative. It declared a 14.0c quarterly dividend (2014: 12.5c), implying an annualised 9.0% dividend yield. GVC reports that it has registered a softening in player activity in Greece, but the board â€œremains confident for the outlook for the remainder of the year and beyondâ€. GVC has today confirmed that it has made a proposal to acquire bwin.party and is working with it to finalise the offer, although there is no certainty that an offer will be made.

09/07/2015 3 EN

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GVC Holdings

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Isle of Man

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Update: H115 update and bwin.digital proposal

GVC Holdings - Leaping into FTSE 100

Update: Q216 trading update â€“ firmly on track

Update: A strong start

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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