GVC reports series of increases for 2015

Clean EBITDA went up by 10% to a record €54.1m and profit before tax ascended 21% to €50m.

Dividends rose to €0.56, making it a fifth consecutive year that NGR, clean EBITDA and dividend growth were reported.

The highlight of the year was the announcement in September that GVC was to acquire fellow operator BwinParty for 25p in cash plus 0.231 new GVC shares per BwinParty share.

That deal completed in February and GVC provided a trading update for Q1 2016, showing that the PartyPoker brand achieved its first year-on-year quarterly growth in five years.

The effects of the deal are even clearer to see when looking at gaming NGR per day for Q1 2016, which increased 189% year-on-year to €1.02m.

GVC CEO Kenny Alexander spoke to Gambling Insider about the results and the group’s future plans, including an update on GVC’s application for a licence to operate in New Jersey.

The interview will be published shortly.

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David Cook

Editor

David Cook served as an editor and writer for Gambling Insider from 2018 to 2020, where he played a central role in shaping the publication’s editorial direction. He oversaw the creation and implementation of the broader editorial strategy for Gambling Insider and its related publications, managing the production of 30 print magazines annually while also contributing to the management of GamblingInsider.com and a weekly digital newsletter.

During his tenure, David led the publication’s largest editorial team to date, guiding its expansion and ensuring consistent, high-quality output across all channels. He also hosted and helped launch the GI Huddle podcast, a project he was proud to bring from concept to reality.

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