GVC reported a very strong Q4 trading update ahead of the publication of its full-year results due on Thursday, 23 March 2017. Results At constant currency and on a per day basis, Q4 net gaming revenue (NGR) was up 9%. Sports NGR was up 6% on higher wagers (+5%) and margins (+1pp) while gaming/Other NGR was up 11%. Taking into account the FX headwinds, group NGR was up 7%, translating sports NGR up 5% and gaming NGR up 9%. Guidance The company expects the 2016 pro forma NGR to be around &euro

02 Feb 2017
Very strong Q4 trading update, bwin.party integration well on track

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Very strong Q4 trading update, bwin.party integration well on track
Entain PLC (ENT:LON) | 865 41.5 0.6% | Mkt Cap: 5,531m
- Published:
02 Feb 2017 -
Author:
Edouard Enault -
Pages:
3 -
GVC reported a very strong Q4 trading update ahead of the publication of its full-year results due on Thursday, 23 March 2017. Results At constant currency and on a per day basis, Q4 net gaming revenue (NGR) was up 9%. Sports NGR was up 6% on higher wagers (+5%) and margins (+1pp) while gaming/Other NGR was up 11%. Taking into account the FX headwinds, group NGR was up 7%, translating sports NGR up 5% and gaming NGR up 9%. Guidance The company expects the 2016 pro forma NGR to be around &euro