$ £

GVC Reports Growth in Revenues

Isle of Man based sportsbetting firm GVC Holdings has announced that its operations have continued to grow throughout the fourth quarter, expanding by 26% during the period.

The quarter took place from October 1st through December 1st, and saw GVC bring in net revenues of £660,000 per day, which is up 26% from the same period last year.

Other financial highlights for the firm during the period were:

  • Sports wagers of GBP 4.48 million (Q4/2013: GBP 3.9 million)

  • Sports margins of 9 percent (Q4/2013: 8.4 percent)

  • Sports Net Gaming Revenue of GBP 318 000 (Q4/2013: GBP 244 000)

  • Gaming Net Gaming Revenue of GBP 342 000 (Q4/2013: GBP 279 000)

  • Total Net Gaming Revenue of GBP 660 000 (Q4/2013: GBP 523 000)

  • Mobile Gross Gaming Revenue of GBP 168 000 (Q4/2013: GBP 67 000)

  • Total value of deposits amounted to GBP 1.7 million (Q4/2013: GBP 1.4 million)

For the year to date GVC has brought in revenues of £217 million, which already has beat last year's results, even though there are still a few weeks left in the year.