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September 19, 2020

Sports daily net gaming revenue also jumped 15.2% from USD 303,000 to USD 350,000

GVC chief executive ‘delighted’ with 2015 performance

GVC chief executive ‘delighted’ with 2015 performance
Kenneth Alexander, chief executive officer of GVC Holdings, said he is “delighted” with the online casino and sportsbook’s performance in the 120 days to April 30 after the company posted year-on-year growth across key financials.
Isle of Man | 05/06/2015

Kenneth Alexander, chief executive officer of GVC Holdings, said he is “delighted” with the online casino and sportsbook’s performance in the 120 days to April 30 after the company posted year-on-year growth across key financials.

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portingbet’s owner’s daily net gaming revenue during the opening four months of the year came in at €658,000 ($740,800), which represents an increase of 17.5% on the same period last year.

Gaming remained GVC’s main source of income after generating daily net gaming revenue of €347,000 in the period, up 19.7% from €290,000 last year.

GVC also noted that sports wagers increased 21.4% to €4.6 million in the period, although sports margin fell from 9.62% last year to 8.75% in the opening four months of this year.

“The board is delighted by the strong start to 2015 despite a lower sports margin percentage as a result of punter friendly results so far this year as has been commented upon already by a number of our peers,” Alexander said.

“The business continues to show impressive growth and we continue to remain confident for the rest of the year.”

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