GVC revenue tops €4bn in 2019

Despite strong revenues, EBITDA dropped 10% YoY to €783.5 million.

UK.- Gaming giant GVC Holdings has revealed that revenues for the full year 2019 were €4.2 billion, up 2% year on year and 3% on a constant basis.

While the headline numbers were strong, the operator reported a 10% drop in pro forma underlying EBITDA to €783.5 million. Profit after tax was recorded as a €162.5 million loss.

GVC CEO Kenny Alexander said: “Our first full year since the Ladbrokes Coral acquisition has been a good one and the performance has continued to be underpinned by our unique and highly effective operating model.

“We are delighted with the progress being made on the Ladbrokes Coral integration. In the US, the launch of BetMGM on the GVC platform in New Jersey was an important milestone for our business and enables us to remain on track to deliver on our ambitions in this exciting market.”