Online gaming entertainment provider bwin.party digital entertainment Plc. (BPTY.L) Tuesday said its net revenue in the fourth quarter grew 5 percent from last year, driven by sports betting and casino that enjoyed strong performances, particularly through mobile channels.
Excluding the impact of EU VAT introduced in certain markets on January 1, 2015, the increase in net revenue would have been 8 percent. Additionally, significant progress continued to be made on achieving further cost savings, the firm noted.
Regarding the previously announced sale of Visa Europe to Visa Inc., the firm said Kalixa Payments Group is expected to receive around 10 million euros from the sale. Kalixa will also be eligible to receive a share of the earn-out if it remains a Principal Member or equivalent of Visa for the duration of the four-year earn-out period.
About the recommended offer from GVC Holdings Plc, the firm said completion is expected to take place on February 1.
Based upon recent trading performance, the forthcoming Euro Championship in 2016 and the full year benefit of cost savings already achieved in 2015, the Board believes that the Group's prospects are strong. These are expected to be enhanced yet further by the proposed combination with GVC Holdings PLC.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.