Internet casino giant GVC Holdings has announced their first quarter financial results, noting that revenues grew 13% when compared to the same period last year.
Key financial indicators for the period ending March 31st, 2017 were:
- Sports NGR were up 12% from 2016, with gross win margins of 9.6%
- Daily NGR from the group's various sportsbetting bras was up 19%
- Revenues from Foxy Bingo, Casino Club, PartyCasino, PartyPoker, and Gioco Digitale were up 4%
Speaking about the results company CEO Kenneth Alexander said, "Comparatives will get more challenging as we move through the rest of the year, particularly in the absence of a major football tournament this summer."
The next financial results will be posted in July, with half year fiscals posted in September.