GVC Holdings, the global sports betting and gaming group, has announced a post close H1 trading update.
Highlights included online NGR up 17 per cent, UK retail like-for-like NGR down 10 per cent, driven by the cut in B2 maximum stakes, European retail NGR up seven per cent and total group NGR up by five per cent. CEO Kenneth Alexander said: “Trading in Q2 remained very strong with the online division delivering continued material market share gains across all major territories. This outperformance is driven by the sustainable competitive advantages of our proprietary technology platform, leading product, cutting edge marketing and leading brands, all delivered with an unrivalled understanding of the markets in which we operate.
“The transition to a post £2 stakes-cut environment in UK retail is progressing very well and we believe the Ladbrokes Coral estate is best placed to take market share. In the US, Roar Digital, our joint venture with MGM Resorts, is on track for its full online launch ahead of the NFL season in September. In the first half of the year the group was granted licences in Mississippi and Nevada and Roar Digital received a transactional waiver to conduct business in New Jersey.”
