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SBD Global/July 16, 2014/Finance

World Cup Helps Gaming Group GVC Holdings Bring In Record Q2 Revenue Of $74M

Thanks to "strong growth in all its territories and a fillip from the World Cup," sports betting and gaming group GVC Holdings reported "record trading for a second successive quarter," according to Nick Wilson of the FINANCIAL TIMES. The "Aim-listed company reported on Tuesday that its total net gaming revenue" of €54.8M ($74.4M) was 11% higher than the second quarter last year and 8.9% more than the "preceding quarter." GVC CEO Kenneth Alexander said that the group had "seen strong growth over all our territories." He added that the World Cup had "obviously been a big help for us." Alexander: "It's a big opportunity to recruit new customers. It also fell in a period which would normally be quite quiet." The company said that the World Cup was "expected to leave a legacy of greater market penetration, significantly more customers and a stronger and more diversified revenue base" (FT, 7/15).
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