The company, which has expanded rapidly through acquisitions, said net gaming revenue for the fourth quarter rose 21 percent to 279.5 million euros (£247.6 million).

Ladbrokes Coral, which dethroned William Hill as the UK's largest bookmaker after merging with Coral in 2016, said it expects full-year net gaming revenue to be around 1 billion euros.

In December, GVC agreed to buy bookmaker Ladbrokes Coral for up to 4 billion pounds.

The deal will push it into British retail gambling through its acquisition of about 3,500 betting shops, making it the biggest player on the high street and competing with William Hill and Paddy Power Betfair.

(Reporting by Rahul B in Bengaluru; Editing by Bernard Orr)

Stocks treated in this article : GVC Holdings PLC, Ladbrokes Coral Group PLC