The house keeps winning over at online gambling company GVC (GVC) whose strong performance since its acquisition of Bwin Party means 2016 net gaming revenue and cash profits will be at the upper end of market expectations.
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In the final quarter of its financial year, pro forma figures (which assume Bwin had been acquired prior to the same quarter last year) show group daily net gaming revenue up 12 per cent with sports up 19 per cent and gaming up 8 per cent.
But the real trump card comes with a 49 per cent increase in its recently announced special dividend. In November it promised a 10¢ per share special payout but this will now be 14.9¢ (12.5p).
