Finance

GVC increases full-year EBITDA target as H1 online revenues rise 18%

London-listed operator insists strong online performance will offset potential regulatory costs in Germany

GVC Holdings today upgraded its full-year EBITDA target after reporting an 18% constant currency increase in online net gaming revenue for H1. Online revenue for the period reached £1.05bn, up from £895m in 2018, following a 19% increase in sports revenues to £462m and an 18% rise in gaming revenues to £575m. Online gross profit…

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