London-listed betting and gaming operator GVC Holdings has reported a 9 per cent increase in proforma net gaming revenue for 2018, driven by strong Online and European Retail growth.

Proforma net gaming revenue (NGR), which includes the acquired Ladbrokes Coral business, amounted to £3,571.4m in 2018, with Online NGR growth of 19 per cent year-on-year and European Retail growth of 16 per cent offsetting a 5 per cent decline in UK Retail NGR.

On a reported basis including Ladbrokes Coral results from March 2018, group NGR grew by 265 per cent to £2,979.5m, with reported group underlying EBITDA climbing 203 per cent to £640.8m.

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