Publishing its financial results for the six months to June 30, igaming operator group GVC reported a 10 per cent rise in net gaming revenue, to £486.2m.
GVC’s sports brands saw NGR rise 11 per cent while the group’s game brands recorded an increase of eight per cent. Earnings (clean EBITDA) were up 10 per cent on a pro forma basis, to £133.9m.
For Q3 (to September 10), daily group NGR is up 10 per cent.
Group chief executive Kenneth Alexander said in a statement: “I am delighted with the strong progress across the group, which has continued to exceed our expectations since last year's acquisition of bwin.party.
“A combination of high quality talent, proprietary technology and proven brands are key components driving the business forward. Scale and geographic diversification are increasingly important as the regulatory environment evolves and competition increases.
“The strong performance of the business together with the smooth integration of bwin.party continues to present exciting organic growth opportunities.”
Hinting strongly that more acquisitions would follow, he add: “Given its proven track record of creating shareholder value, GVC remains well positioned to continue to play a pivotal role in the industry's consolidation, should the right opportunities arise.”
