Financial News

London-listed GVC Holdings has reported a 223 per cent increase in net gaming revenue to €388m for the first half of 2016, driven by growth across the operator’s proprietary brands and the newly-acquired business.

The company said that it benefited from a strong second quarter, helped by increasing betting volumes and favourable sports results during Euro 2016.

On a pro forma basis (as if had been acquired January 1st 2016), net gaming revenue (NGR) rose 7 per cent to €439.2m, equivalent to €2.4m per day.

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