GVC revenue rises 10% as casino vertical outpaces sports betting in 2015

UK-listed online gambling operator GVC Holdings says its full-year revenue rose more than 10% in 2015.

On Monday, GVC issued a trading update covering the 12 months ending Dec. 31, 2015, during which net gaming revenue rose 10.2% to €247.7m, averaging €679k per day. Full results for 2015 won’t be released until April.

GVC also broke down key performance indicators for its Q4 2015 period, which showed overall revenue of €712k per day, up 10% year-on-year and up 21.3% on a constant currency basis.

Most of the growth came from GVC’s gaming vertical, which reported average daily revenue of €392, up 13.9% year-on-year. Sports betting revenue rose a more modest 5.6% to €320k per day, while betting handle rose 13.6% to €4.96m per day – completing the streak of consecutive quarter-on-quarter improvements throughout 2015. Sports margins were essentially flat at 9.1%.