GVC Holding’s pending acquisition of bwin.party is already having an effect as bwin reported 5 percent growth for the fourth quarter.
Bwin reported 5 percent growth year-on-year rise in net revenues. Those revenues were up 8 percent when the effect of European Union VAT changes are stripped out.
Bwin saw the biggest growth in sports betting and casino operations. GVC investors plan to move their customers to bwin’s betting platform after its acquisition is completed later this month.
Bwin officials said that recent cost-cutting had yielded “significant progress” and, with the European football championships kicking off this summer, it believes its “prospects are strong.”
