Update: Strong momentum going into deal close
GVC has reported Q415 daily revenue up 10.0% (constant currency +21.3%) over Q414, revealing a company going into its game-changing acquisition of bwin.party from a position of strength. This follows on from bwin’s recent trading update, which revealed its first quarterly y-o-y growth (up 5%) in more than two years. The bwin.party deal is scheduled to close on 1 February, after which we will reintroduce forecasts. GVC already has a detailed plan in place for achieving €125m of cost synergies, while also seeking to set bwin on a path of sustainable top-line growth to maximise the returns to shareholders from the deal.
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