30 million pounds (USD 39 M)
GVC recognizes more costs savings from Ladbrokes
The savings are in addition to the 130 million pounds identified earlier, the company said.
2018-09-13
Reading time 26 seg
The British gambling firm said on Thursday that it had identified 30 million pounds (USD 39 M) more in cost savings from its 4-billion-pound (USD 5.34 B) acquisition of Ladbrokes Coral.
The company announced this on Thursday, while reporting higher first-half gaming revenue, Reuters reports.
The savings are in addition to the 130 million pounds identified earlier, the company said, adding that it is “well placed to deliver those savings while driving top line growth”.
GVC said total group net gaming revenue rose 8 percent, on a proforma basis, in the six months ended June 30, with the biggest boost coming from online channels, where net gaming revenue rose 18 percent.
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