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GVC widens H1 profit following Betboo growth

29th September 2011 8:15 am GMT

Benefiting from an 8 per cent increase in net gaming revenues, coupled with a 15 per cent reduction in operating expenses, GVC Holdings plc has reported a 145 per cent increase in net profit to €2.4m for the six month period ended June 30th.

GVC said that the successful expansion of its Betboo brand in South America and other emerging markets, together with a recovery of revenues in its core German-facing CasinoClub brand, helped to offset [...]

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