shares were trading 6.8% higher in London on Thursday at 611.70p each, making it the best performer in the mid-cap index.
yesterday reported pre-tax profit of PS212m for the first half of the year, up 31 per cent from 162.1m in the first half of 2018.
It prompted GVC
to raise its full-year profit forecast by PS10million and cut a planned shop cull by 100, although it still expects to shut a massive 900 branches over the next two years.
said its earnings for the full year are set to be PS10m higher than previously forecast, as the company coped better than expected with the introduction of reduced FOBT stakes.
Last month the Gambling Commission imposed a PS5.9m penalty on GVC
Holdings, one of the largest fines ever handed out, over "systemic failings" at the company to protect vulnerable customers who lost large amounts of money between November Gambling Commission complaints Year Number of complaints 2014 1,990 2015 4,291 2016 8,119 2017 6,224 2018 8,266 2014 and October 2017, after which the current owners completed their acquisition of Ladbrokes Coral in March 2018.
CEO Kenneth Alexander said: "These historical failings were unacceptable and since the acquisition, I have overseen a review of the enlarged group's player protection procedures and the individuals responsible have exited the business."
is proud to be championing the next generation of British sporting heroes by providing talented young athletes with financial support and personal development opportunities in partnership with SportsAid.
A statement from GVC
has today committed to unilaterally ending all football shirt sponsorship deals with UK teams and banning perimeter board advertising at football grounds, to allow sporting fans to watch their favourite teams without seeing any incentives to bet.
Ma Angels Vallve Ribera, Chairperson of GVC
Gaesco, seized the occasion to showcase their expertise and their newly launched funds.
Formed in 1989, the GVC
seeks to educate and mobilize people and resources to preserve and restore the lands and waterways of the Gunpowder watershed.
Holdings is one of the world's largest sports betting and gaming groups, operating both online and in the retail sector.
is now turning its attention to taking advantage of deregulation in the US, which has allowed states to legalise sports betting.