Industry News
GVC Expects Robust Full Year Financial Results, Powered by Online Growth
World’s premier gambling group GVC Holdings expects an ‘excellent’ operational and financial performance throughout 2019. The estimate is published in the operator group’s trading update for the year to 31 December 2019.
GVC expects a surge in the revenues of its online division, which has led the way for what it believes to be a ‘successful 2020’. It revealed that net gaming revenue ‘remains strong’ with the group recording a 9% growth across all major territories, with GVC attributing the growth to both an increase in the number of sports wagers placed and technological development.
GVC Chief Executive Kenneth Alexander said: “The Group’s operational and financial performance in 2019 has been excellent with the strong momentum reported at Q3 continuing throughout Q4.
“The performance continues to be driven by our industry-leading technology, products, brands, marketing capability, people and local execution, all of which is underpinned by our determination to spearhead the industry’s approach to responsible gaming.
“As the Group continues to deliver the opportunities provided by both the Ladbrokes Coral integration and our sports betting joint-venture in the US, the Board is confident that the Group is well placed for a successful 2020.”