Holdings Sees Growth in Revenues in Last Quarter

A leader in the online gaming industry, GVC Holdings says that it is confident of its future growth after encouraging quarter-on-quarter revenue increase.

The online casino and sportsbook operator incorporated in the Isle of Man, United Kingdom, posted its December figures, revealing a 3% increase in its revenues between the third and fourth quarters.

GVC Holdings has a number of online casinos in the UK, along with mobile betting and sportsbook sites that also cater to other countries.

While the firm had reason to celebrate, after announcing last month it was holding up ‘extremely well’, its fourth quarter results fell short of the figures seen in the second quarter of 2013.

GVC sees quarter-on-quarter revenue increase

However, the company closed the year with a total turnover of EUR 168.7 million. As a result of the year’s results, GVC announced an increase in third interim dividends to EUR 11.5 cents per share, which will be payable to shareholders in February.

GVCholds a number of offices all over the UK, including the Isle of Man and the Channel Islands, and is licensed under the UK Gambling Commission, allowing GVC to operate both in the UK under UK gambling laws and serve customers in other parts of the world.

The company, which also has offices abroad, including Malta, South America and Ireland, is now anticipating a final dividend for the end of 2013, with a release of its results in the week commencing April 7.