GVC (GVC.L) is searching at further purchases after turning round the Sportingbet companies it acquired this past year, the internet gambling company stated on Wednesday.

GVC, among the more compact gamers within the sector and on the Goal stock exchange, stated operating profit greater than bending to 38.3 million pounds ($52.8 million) in 2013, increased by moving Sportingbet in to the black.

“We’re now ready for the following stage within our corporate development and additional geographic expansion through organic growth and purchases,” Leader Kenneth Alexander stated.

However, GVC informed that any deal wouldn’t be at the fee for an insurance policy of having to pay out around 75 % of operating income in returns. GVC declared total returns of 48.5 cents in 2013.

“That’s our strategy. A number of our investors contain the stock for that earnings dividend stream,” Alexander told Reuters.

GVC was the junior partner to William Hill (WMH.L) inside a 485 million pounds ($805.six million) takeover of gambling online group Sportingbet this past year.

GVC acquired Sportingbet’s procedures in 24 nations for approximately 31 million pounds. William Hill required around the companies within the better controlled marketplaces of Australia and The country.

GVC shares rose greater than five percent to 401p by 0830 GMT and also have elevated by greater than a quarter in the last year, giving the organization an industry capitalisation of 230 million pounds.

“We retain our Buy recommendation with in our opinion GVC in a position to take advantage of the World Cup as Latin America’s biggest online bookmaker, although ongoing to create profit, dividend and funds growth,” Panmure stated inside a note.

Bigger gambling online company Bwin.Party (BPTY.L) stated on Wednesday its revenue fell 8 percent year-on-year to 165.7 million pounds within the first quarter of 2014.

Bwin, that is striving for financial savings this season of 20 million pounds, stated recently it expected coming back to development in 2014 after tugging away from marketplaces where rules are less obvious cut.

Its shares ended up 1.7 percent to 123p.