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Online growth key as confident GVC beats expectation

Gambling operator group GVC Holdings now expects earning to be in excess of €750m, ahead of forecast.

Net gaming revenues was up nine percent across the group in 2018. The online business saw NGR jump nearly a fifth, by 19 percent compared with 2017, while GVC’s UK retail operation saw a like for like fall in NGR, down three percent.

There was better news on the continent with european retail NGR up 16 percent, with Italy performing especially strong in the 12 months, rising 18 percent on the year prior.

Kenneth Alexander, GVC CEO said: “The group’s performance in 2018 has been excellent with the strong momentum reported at Q3 continuing into Q4.

” We are materially outperforming the market and taking share in all of our major territories. As the group carries this momentum forward into the new year and starts to deliver the opportunities provided by both the Ladbrokes Coral integration and our sports betting joint venture in the US with MGM resorts, the board is confident that the group is very well placed for a successful 2019.”

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Caleb Jose

Caleb Jose

Caleb is based out of Kansas City and he is responsible for overseeing day-today processes of Casino Buzz. He takes care of the backend technology, along with being the main data collector and reporter for Casino Buzz. He can be reached out at cj@casino.buzz

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