World Cup boosts revenue growth for GVC Holdings

GVC Holdings PLC reported an 8% increase in full-year net gaming revenue (NGR) during the first half of the year, while their online business grew by 18% from last year.

GVC pointed out that its second-quarter NGR grew by 22%, with a 15% rise recorded between  1 January to 13 June, the period before the World Cup began.  

The company said: “The Online brands have continued to benefit from a pipeline of new products and from high profile marketing campaigns.”

Although GVC reported a 3% decline in UK retail like-for-like revenue in the first half, the company said that the World Cup and the weather helped recover that drop in revenue by 2% in the second quarter.

CEO Kenny Alexander said: “I am pleased to report this positive trading update while at the same time undertaking the integration of the Ladbrokes Coral business.

“The strong momentum across the online business has continued and means we are well placed to deliver against our full year expectations.”

However, by 12 pm on Wednesday shares were down 2.5% at 1,078.24 pence ($14.03). 

Stay updated with GI

Follow Gambling Insider for independent news, analysis and industry expertise.

Add as a preferred source on Google

Islam Soliman

Journalist

Islam Soliman is a journalist who began his career in the gambling media space as a Reporter at Gambling Insider during a four-month internship in 2018. During his time with the publication, he contributed to news research and reporting, helping cover regulatory updates, market movements, and industry developments for a professional B2B readership. His role included producing timely articles for the Gambling Insider website and supporting the editorial team in a fast-paced newsroom environment.

Islam has since built a strong career in journalism and now serves as News Editor at People Management Magazine, where he leads coverage on workplace policy, employment trends, HR developments, and issues shaping the modern workforce.

Visit Profile