GVC Holdings Reports 11 Percent Revenue Increase

GVC Holdings, owner of partypoker, released its financial results for the year ending December 2016 and they show revenue of €873 million, up 11 percent on figures from 2015.

The figures were positive across the board with sports wagers, sports margin, Net Gaming Revenue Clean EBITDA and adjusted profit before tax all showing improvement year-over-year.

Sports Wagers rose 4 percent (7 percent with a constant currency) to €4.5 billion and the company’s sports margin increased to 9.6 percent from 8.5 percent for the same period in 2015. Net Gaming Revenue soared 9 percent (12 percent with constant currency) to €894 million while adjusted profit before tax almost doubled to an impressive €93…