GVC released a positive set of H1 results, marked by the strong performance of both EU Retail and Online (sports and gaming). The group’s underlying EBITDA was up 11%, broadly in line with our estimates while the current trading remains strong. The group’s appetite for further bolt-on acquisitions – similar to that of CrystalBet in Georgia – seems intact. Todays’ results confirm that GVC remains one of our top picks in the gambling sector, along with Paddy Power-
