Edison Investment Research - GVC Holdings (GVC) Update: Q216 trading update â€“ firmly on track

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Edison Investment Research

Update: Q216 trading update â€“ firmly on track

GVCâ€™s July 2016 trading update reveals its early progress after its February acquisition of bwin.party has continued into Q216. Q2 net gaming revenue (NGR) per day rose by 11% y-o-y on a pro-forma basis (+16% on a constant currency basis). Pro-forma H116 NGR was up 8% to â‚¬439m (+11% CC) with both GVC and bwin brands delivering growth. Recent operational progress has included a successful application to the Premium Segment of the LSE. Forthcoming challenges to be navigated include the H216 platform migration. However, we believe GVCâ€™s positive update underpins our full-year forecasts, which remain unchanged.

13/07/2016 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: Q216 trading update â€“ firmly on track

GVC Holdings - Leaping into FTSE 100

Update: A strong start

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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