GVC announced better than expected Q2 numbers with NGR (net gaming revenue) declining by 22% (on a cc basis), largely attributable to an 86% decline in UK retail and a 90% decline in European retail, which was partly offset by 23% growth in online revenue (attributable to 46% growth in online gaming). Following the latest trading update, we will be upgrading our estimates to factor in a quicker than expected showing in online.
20 Jul 2020
Online leads to a better-than-expected Q2 20
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Online leads to a better-than-expected Q2 20
Entain PLC (ENT:LON) | 818 -229 (-3.3%) | Mkt Cap: 5,226m
- Published:
20 Jul 2020 -
Author:
Virendra Chauhan -
Pages:
3
GVC announced better than expected Q2 numbers with NGR (net gaming revenue) declining by 22% (on a cc basis), largely attributable to an 86% decline in UK retail and a 90% decline in European retail, which was partly offset by 23% growth in online revenue (attributable to 46% growth in online gaming). Following the latest trading update, we will be upgrading our estimates to factor in a quicker than expected showing in online.