LONDON, January 17, 2014 /PRNewswire/ --
Edison's first report on GVC Holdings, Paying dividends, discusses how the Sportingbet acquisition in 2013 and Turkish B2B deal in 2011 have dramatically increased the scale and diversification of GVC's business, whose earnings and dividends are set to rise strongly in 2014. Management has indicated that it is keen to consider further acquisitions that would potentially deliver strong additional synergies.
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Edison's technology team believes an aggressive dividend payout policy (75% of net cash generated) puts the shares on a 9.9% yield for 2014, which is highly attractive for those prepared to accept an above average exposure to unregulated online gaming markets.
For the full report see: http://www.edisoninvestmentresearch.com/research/company/gvc-holdings
All reports published by Edison are available to download free of charge from its website http://www.edisoninvestmentresearch.com.
Key links/tags: GVC Holdings, Sportingbet, online gaming, Betboo, Casino Club, online betting
Overview of Company: GVC Holdings is a leading provider of services to the online gaming industry in Europe and Latin America. Following the £68m (€79m) acquisition of Sportingbet (excluding Australia) in March 2013, its core brands are Sportingbet, Betboo and Casino Club.
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