GVC Holdings’ revenues get a growth thanks to Bwin

24 Mar 2017

GVC HoldingsGVC Holdings is one of the biggest brands in the gambling industry, after all is Bwin’s mother company and as it seems the latter was a complete success during the year 2016, regarding the economical revenue. GVC has reported net gaming revenue growth of 9% in its full-year results for 2016, rising to €894.6 millions compared to €822.2 millions in 2015. The sports betting sector had a rise of 4%, while the operator reported an statutory pre-tax loss of €138.6 millions, mostly because of the Bwin acquisition, that took place in the 1st of February of 2016.

Kenneth Alexander, who is the Chief Executive of GVC, commented: «The acquisition of bwin.party in February 2016 was our most ambitious transaction to date and through the hard work of our people we have once again demonstrated our ability to create significant shareholder value through selected acquisitions. Our strategy of pursuing international diversification and scale through leveraging our proprietary technology, is more appropriate today than at any time in our history. The organic growth opportunity is equally exciting and we are confident of delivering further growth in 2017.».

Why choose Bwin

200+ Extra Bets on Top Leagues
  • 50+ sports
  • Cards & Corners
  • Edit my bet
  • Multiview feature
  • Partial & Automatic Cashout
  • 20+ payment methods
  • Mobile apps
  • Lots of interesting promos
Play now
100% Bonus up to €100
BOOK SPY
BOOK SPY BONUS REVIEW

No introduction is needed for Bwin. They were the first betting giants, being founded in 1999 when they came to the spotlight as Bet And Win. Since 2016, they have been under new ownership - GVC Holdings - and have a clear white market strategy, acquiring domestic licenses in New Jersey, Sweden, Italy, Greece, France, and Spain. Bwin is regarded as a top-class bookmaker, but there are some massive pros and cons. The website is a little bit outdated, and the odds should be higher, especially at the top leagues. The absence of Asian bets and the slow withdrawal times are also a great minus. The same applies to the fast limitation on winning accounts, no matter if we are talking about a sharp or a recreational player. On the other hand, the live betting section comes with so many extra features, like Multiview and live streaming. The range of extra bets, both at the pre-match and live betting, sports and payment methods is huge and the mobile apps magnificent. No matter the disadvantages, Bwin will always be a safe place and a classic destination for the bettors.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The renowned sports betting operator 22Bet has decided to completely cease its operations in the United Kingdom as of October 13, 2020. All of its pla...

Read more »

Everton has landed yet another important deal by teaming up with Parimatch, appointing it as the club’s official betting partner in Europe and in the ...

Read more »

Online sports betting operator 22Bet has reached an agreement with French Ligue 1 champions Paris Saint-Germain. The two-year deal, ending 2022, will ...

Read more »

The South African National Gambling Board has issued a statement this week concerning the legality of online gambling. There have recently been some r...

Read more »

Betting operator 888sport announced that it has signed a sports betting partnership agreement with the National Football League (NFL) in the United Ki...

Read more »

British GVC Holdings PLC is launching an investment program to support grassroots sports in the UK. It will be helping the lower tiers of English foot...

Read more »

Dominic Beier has stepped down from his position as Interwetten Sports’ Speaker of the Board. The 29-year-old had joined the company in 2018, replacin...

Read more »

BGC, the UK’s Betting and Gaming Council, has announced the implementation of a new set of measures in order to prevent underage audiences from being ...

Read more »

Online sportsbook and casino operator Vbet will be sponsoring French Ligue 1 powerhouse AS Monaco. The deal includes seasons 2020-2021 (which just sta...

Read more »

UK-based bookmaker Betfred has announced the extension of its World Snooker Championship sponsorship until 2022. It is considered the biggest snooker ...

Read more »

Latest Betting Offers
TERMS AND CONDITIONS
 
Qualifying
 

1. This offer is available for all customers registered and verified on stsbet.com.
2. The qualifying bet must be made on any match of the German 1st Bundesliga taking place from Monday - Sunday.
3. The qualifying bet must be a single bet.
4. The qualifying bet can be a pre-match or live bet.
5. The stake amount of the qualifying bet is minimum €20.
6. The qualifying bet must be placed between Monday - Sunday.
7. The qualifying bet must be placed at min. odds of 1.50.
8. If the qualifying bet is abandoned, cancelled or made void, then the qualifying bet is not valid and the free bet will not be credited.
9. Any bets that use the Cash Out feature, full or partial, will not count as qualifying bets.
10. Deposits made with Trustly, Paysafe, Skrill, Eco Payz, Rapid, MuchBetter or Neteller are excluded from qualifying bets.
11. If you place a qualifying bet higher than €20, you will still receive a maximum free bet in the amount of €5.
12. Qualifying bets must be placed with real money and not bonus funds.
13. The qualifying bet must be settled by Sunday (23:59 CEST) of the week they are placed.
14. Only the first qualifying bet placed on the matches occurring Monday - Sunday is eligible for this promotion.
15. If the qualifying bet loses, a free bet will be credited to the customer’s bonus account.

Using the Free Bet

16. One (1) free bet, worth €5, will be credited to the customer’s bonus account each Monday before 18:00 CEST once all qualifying conditions have been met.
17. Only one (1) free bet per gaming account will be credited per week. Placing more than one qualifying bet will not entitle the customer to multiple free bets.
18. The free bet cannot be cashed out.
19. The free bet can be used on any football matches.
20. The free bet will be valid for 3 days.
21. The free bet can be used in-play (live) or pre-match.
22. The free bet must be placed on minimum odds of 1.80. If the free bet is part of a multiple bet, each selection must be placed on minimum odds of 1.80.
23. The free bet can be placed as a single bet or a multiple bet.
24. Free bet stakes will not be included in any returns from the free bet. Any returns from the free bet will be added to the customer’s withdrawable balance.
25. The free bet cannot be transferred to Casino.
26. While using the free bet the Superbet feature cannot be used. If the Superbet feature is used then real cash funds will be used.