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UK – GVC focussing on organic growth following bwin buyout

GVC Holdings has said it is feeling the benefits of its 1.1bn buyout of bwin despite having to post significant losses due to the transaction. The Isle of Man-based operator, which runs sites such as Sportingbet and Foxy Bingo, reported a pre-tax loss of €138.6m in the year to December 31. Management preferred though to…