GVC reveals ongoing momentum in fourth quarter

GVC Holdings has said that it expects to achieve year-on-year growth across a number of key financials after experiencing positive momentum in the fourth quarter.

In a trading update covering the quarterly period through to December, group daily net gaming revenue was up 12% on the corresponding period last year.

Sports daily net gaming revenue jumped 19% year-on-year, while gaming and other daily net gaming revenue was up 8%.

Kenneth Alexander, chief executive of GVC, said: “Momentum across the group has continued to build throughout the year and is a reflection of the hard work of our employees, quality of our technology and strength of our brands.

“The integration of bwin.party is proceeding positively and ahead of our original expectations.

“We continue to look forward to 2017 with confidence and expect to achieve further significant progress.”

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