GVC reports series of increases for 2015

By David Cook
GVC Holdings has announced it increased its net gaming revenue (NGR) by 10% to €248m for the full year 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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