Positive trading update from GVC Holdings

Online gambling group GVC Holdings plc has posted a trading update ahead of its AGM on the Isle of Man today, advising that, subject to AGM approval, shareholders will receive a dividend of 15.5 Euro cents.

The company published daily results to date since January 1st 2015, reporting:

* Sports wagers up 21.4 percent at Euro 4,590,000;

* Margin on sports wagers 8.75 percent (3014 corrsponding period – 9.62 percent);

* Sports NGR up 15.2 percent at Euro 311,000;

* Gaming NGR up 19.7 percent at 347,000;

* Total daily NGR up 17.5 percent at Euro 658,000.

Kenneth Alexander, CEO of the group,said:

“The board is delighted by the strong start to 2015 despite a lower sports margin as a result of punter friendly results so far this year as has been commented upon already by a number of our peers. The business continues to show impressive growth and we continue to remain confident for the rest of the year.”

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