4th Dec 2015 07:52
LONDON (Alliance News) - Gaming company GVC Holdings PLC on Friday said trading in the two months to the end of November was robust, with net gaming revenue and gross win margin both rising.
GVC, currently in the process of buying larger rival Bwin.Party Digital Entertainment PLC, said its net gaming revenue for the two months to the end of November rose 12% year-on-year to EUR716,000 per day.
Sports wagers in the period rose to an average of EUR4.9 million per day, up 13% year-on-year, while GVC achieved a gross win margin of 9.3% in its sports gaming in the two-month period, compared to 8.7% the year earlier.
"I am delighted to announce the continued strong financial performance of GVC for the first two months of the last quarter. The board remain confident that the outturn for the 2015 financial year will be very positive," said GVC Chief Executive Kenneth Alexander.
By Sam Unsted; [email protected]; @SamUAtAlliance
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