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GVC Holdings’ Net Gaming Revenue Increases 11 Percent
- Updated: July 19, 2016
GVC Holdings plc, owners of brands such as Sportingbet, Paradise Poker, Foxy Bingo, and partypoker, reported gains of 11 percent in its Net Gaming Revenue (NGR) per day for the second quarter of 2016 compared to the same period in 2015, sending its share price soaring.
The trading update submitted to the London Stock Exchange reveals both GVC and bwin.party brands achieved double digit growth in Q2-2016 compared to Q2-2015.
Sports wagers increased five percent to €12,552,000 with the sports margin climbing to 9.9 percent from 7.9 percent. Total sports NGR skyrocketed by 29 percent to €972,000 with gaming NGR increasing eight percent to €1,306,000.
Other revenue, which the …
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