Gvc Delivers Strong Trading In Update
By Casinomeister, Last updated Oct 24, 2014
Growth and a strong sports margin push growth in NGR
e-Gaming operator GVC Holdings said its full quarter Net Gaming Revenue (NGR) averaged Euro 646 000 per day, a 24 percent increase compared to the same period last year and up from the Euro 628 000 per day reported on September 22, 2014.
GVC said trading is strong across all major territories and brands, reflecting the Company's focus on achieving a World Cup legacy through its brand-building and marketing initiatives over the last year.
Trading in the first half of October has maintained its positive impetus with NGR of Euro 800 000 per day, 24 percent higher than the previous quarter and over 50 percent higher than in the same period in 2013. This is the result of both growth and a strong sports margin of 12.4 percent, a company statement said.
In related news, GVC appointed Bell Pottinger plc as the Group's new financial public relations adviser with immediate effect.
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