Online gaming group GVC (GVC) revealed that group net gaming revenue during the third quarter was up 13 per cent to €244m (£219m), which management called “particularly pleasing” since the comparative period included the UEFA Euro 2016 football tournament. Strip out the tournament and Kalixa, the payment processing business that GVC sold in May, and underlying net gaming revenue improved by more than a fifth. Chief executive Kenneth Alexander said third-quarter underlying growth was the highest it has been since the acquisition of bwin.party in February 2016.
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