Back to the Poker Newsfeed

partypoker Investments Paying Off for Parent Company GVC

Related Topics: GVC Holdings, PartyPoker, investing

While the huge Powerfest tournament series made most of the headlines at partypoker this month, the online poker provider also made news by reporting strong financial growth at a time when many are saying the industry is on a decline.

GVC Holdings, parent company of partypoker, reported earlier this month that both first half revenues and third quarter revenues grew substantially year-over-year with much of the growth coming from partypoker, according to Poker Industry Pro.

"A combination of factors are behind the impressive growth including product development, increased marketing, localized market focus and improved player experience," said GVC CEO Kenneth Alexander.