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Edison Investment Research Initiates Coverage on GVC Holdings, an International Online Gaming Company
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.
(Logo:
http://photos.prnewswire.com/prnh/20130417/608168 )
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 GBP68m (EUR79m) acquisition of
Sportingbet (excluding Australia) in March 2013, its core brands are Sportingbet, Betboo
and Casino Club.
About Edison: Edison, the investment intelligence firm, is the future of investor
interaction with corporates. Our team of over 100 analysts and investment professionals
works with leading companies, fund managers and investment banks worldwide to support its
capital markets activity. We provide services to more than 400 retained corporate and
investor clients from our offices in London, New York, Berlin, Sydney and Wellington.
Edison is authorised and regulated by the Financial Conduct Authority (
http://www.fsa.gov.uk/register/firmBasicDetails.do?sid1584
[https://exchange.priorityoneit.co.uk/owa/UrlBlockedError.aspx ]).
Edison is not an adviser or broker-dealer and does not provide investment advice.
Edison's reports are not solicitations to buy or sell any securities.
For more information please contact:
Jane Anscombe Edison Investment Research +44(0)20-3077-5740
Tom Grady Edison Investment Research +44(0)20-3077-5767
technology@edisongroup.com
Contact details: Learn more at http://www.edisongroup.com and connect with Edison
on:
Linkedin http://www.linkedin.com/company/edison-investment-research
Twitter http://www.twitter.com/Edison_Inv_Res
YouTube http://www.youtube.com/edisonitv
Photo:
http://photos.prnewswire.com/prnh/20130417/608168
Photo:http://photos.prnewswire.com/prnh/20130417/608168
http://photoarchive.ap.org/
Edison Investment Research
Edison Investment Research Initiates Coverage on GVC Holdings, an International Online Gaming Company
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.
(Logo:
http://photos.prnewswire.com/prnh/20130417/608168 )
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 GBP68m (EUR79m) acquisition of
Sportingbet (excluding Australia) in March 2013, its core brands are Sportingbet, Betboo
and Casino Club.
About Edison: Edison, the investment intelligence firm, is the future of investor
interaction with corporates. Our team of over 100 analysts and investment professionals
works with leading companies, fund managers and investment banks worldwide to support its
capital markets activity. We provide services to more than 400 retained corporate and
investor clients from our offices in London, New York, Berlin, Sydney and Wellington.
Edison is authorised and regulated by the Financial Conduct Authority (
http://www.fsa.gov.uk/register/firmBasicDetails.do?sid1584
[https://exchange.priorityoneit.co.uk/owa/UrlBlockedError.aspx ]).
Edison is not an adviser or broker-dealer and does not provide investment advice.
Edison's reports are not solicitations to buy or sell any securities.
For more information please contact:
Jane Anscombe Edison Investment Research +44(0)20-3077-5740
Tom Grady Edison Investment Research +44(0)20-3077-5767
technology@edisongroup.com
Contact details: Learn more at http://www.edisongroup.com and connect with Edison
on:
Linkedin http://www.linkedin.com/company/edison-investment-research
Twitter http://www.twitter.com/Edison_Inv_Res
YouTube http://www.youtube.com/edisonitv
Photo:
http://photos.prnewswire.com/prnh/20130417/608168
Photo:http://photos.prnewswire.com/prnh/20130417/608168
http://photoarchive.ap.org/
Edison Investment Research