GVC Holdings has record quarter

Multinational sports betting and gaming group GVC Holdings expects total NGR of around €1,009m for 2017 - an increase of 13% on pro forma 2016.

The group said fourth quarter NGR rose to a quarterly record of €279.5m.

Daily NGR for the fourth quarter increased by 21% (+25% in constant currency) and on an underlying basis, was 31% higher.

Chief executive Kenneth Alexander said: 'I'm delighted to report another strong year for the group with underlying NGR growth of 18%, reflecting the strength of our brands, technology and the hard work of our talented people.

'We have once again demonstrated our ability to integrate significant acquisitions, realise material synergies and at the same time deliver top line growth.

'The recommended transaction with Ladbrokes Coral Group presents an exciting opportunity for both sets of shareholders, creating a global gaming group with a portfolio of strong brands across all major regulated online markets, together with proprietary technology and proven management.'

At 9:15am: (LON:GVC) GVC Holdings Plc share price was +21.75p at 980.25p