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Brittish GVC doubled profits after acquiring Sportingbet • This Week in Gambling
Reuters – GVC is looking at further acquisitions after turning around the Sportingbet businesses it acquired last year, the online gambling company said on Wednesday. GVC, one of the smaller players in the sector and listed on the AIM stock market, said operating profit more than doubled to 38.3 million euros ($52.8 million) in 2013, boosted by moving Sportingbet into the black. “We are now ready for the next stage in our corporate development and further geographic expansion through organic growth and acquisitions,” Chief Executive Kenneth Alexander said. However, GVC cautioned that any deal would not be at the expense...
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