In a continuation of previous trends, GVC’s Q318 trading update has demonstrated strong growth and market share gains across all territories. Total net gaming revenues (NGR) were up 14%, driven by a 28% growth in online NGR. UK retail was only down 2%, helped by a strong FIFA World Cup. The integration of Ladbrokes is progressing well, although GVC has announced that Paul Bowtell (former Ladbrokes CFO) will resign in March 2019. Our estimates remain unchanged, but there is a £20-2
18 Oct 2018
GVC Holdings - Q3 trading update shows continued progress
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
GVC Holdings - Q3 trading update shows continued progress
Entain PLC (ENT:LON) | 834 110 1.6% | Mkt Cap: 5,327m
- Published:
18 Oct 2018 -
Author:
Victoria Pease -
Pages:
3
In a continuation of previous trends, GVC’s Q318 trading update has demonstrated strong growth and market share gains across all territories. Total net gaming revenues (NGR) were up 14%, driven by a 28% growth in online NGR. UK retail was only down 2%, helped by a strong FIFA World Cup. The integration of Ladbrokes is progressing well, although GVC has announced that Paul Bowtell (former Ladbrokes CFO) will resign in March 2019. Our estimates remain unchanged, but there is a £20-2