Quiet sports calendar? No problem says GVC Holdings

UK-listed online gambling operator GVC Holdings eked a modest one percent net gaming revenue in the third quarter despite a quiet sports calendar.

GVC announced in a regulatory filing that sports wagers grew to €11.3 million (US$13.40 million) during July to September 2018 compared to €11.2 million (US$13.28 million) in the previous year, which saw the final stages of UEFA Euro 2016 tournament.

Over the 92-day period, group daily net gaming revenue rose by 10 percent to €2.647 million (US$3.14 million) from €2.407 million (US$2.85 million) last year.

Underlying growth in the third quarter, which represents the highest rate achieved since the acquisition of Bwin.party in February 2016, was up 18 percent and 21 percent in constant currency.

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