Industry News

Good finish in 2018 by GVC

Published

7 years ago

January 18, 2019

Niji Narayan

Image Source: totallygaming.com

Reading Time: < 1 minute

GVC’s full year 2018 pro forma is expected to be in the range of £750m-£755m.

The company saw strong growth of 19 per cent in online gaming revenue.

European retail net gaming revenue was up 16 per cent, and 18 per cent in Italy. Despite a drop in UK retail like-for-like net gaming revenue of three per cent, total group net gaming revenue was up nine per cent.

Kenneth Alexander, 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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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.