Increased daily revenues see GVC post strong 2015 opening

Ahead of its Annual General Meeting, GVC Holdings Plc has issued a trading update for its opening four month performance of 2015 (120 days period ending 30 April). The operating firm of Sportingbet, Casino Club and Betboo brands has recorded average daily net gaming revenues (NGR) of €658,000, up 17.5% on €560,000 on the comparable period of 2014

Giving insight into its product performance, the operator further reported that daily sports betting NGR had seen a 15.2% uplift to €311,000 (2014 comparable period: €270,000). Its sports betting verticals had seen an increasing in player activity with sports wagers up 21.4% to €459,000 per day (2014 comparable period: €378,000).

GVC was able to support its strong sports betting performance, with improved period performance recorded on its igaming verticals, which saw daily NGR at €347,000 (2014 comparable period: €270,000).

Kenneth Alexander, Chief Executive of GVC Holdings plc, said:

“The board is delighted by the strong start to 2015 despite a lower sports margin % as a result of punter friendly results so far this year as has been commented upon already by a number of our peers”.

“The business continues to show impressive growth and we continue to remain confident for the rest of the year”

GVC Holdings 4 Month (Jan-Apr) 2015 Performance Overview