Finance news sponsored by SBTech

London-listed betting and gaming operator GVC Holdings has reported a 3 per cent increase in group net gaming revenue for the second quarter of 2019, despite a significant drop in revenue from its UK retail estate.

Delaware’s three licensed iGaming operators have recorded a 53 per cent increase in net revenue to $1.7m for the first half of 2019, benefiting from another strong period of growth during the month of June.

There were strong returns for Evolution Gaming and Caesars Entertainment shareholders during the first half of 2019, although the 50 publicly-listed operators and suppliers which make up the Gaming Intelligence stock list saw their combined share prices decline by 3 per cent between 2 January and 28 June.

Shares in NetEnt were trading down by more than 10 per cent in Stockholm Friday morning after the casino supplier reported a decline in revenue and profit during the second quarter of 2019.

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