GVC Lauds US Opportunities Even As UK Regulations Bite

GVC Holdings executives remained buoyant about the rapidly expanding firm’s prospects in the United States and elsewhere, brushing off fears over the negative impact of “ever-increasing regulatory creep” in UK retail.

GVC’s half-year interim report, which was released on Thursday, showed pro-forma revenue up 8 percent to £1.69bn, with cash flow measured as EBITDA swelling 11 percent to £350m.

Operating profit was up 17 percent.

The group’s strong online performance, where net revenues grew 30 percent, helped steady weaker brick and mortar results and drove overall group revenues up 14 percent.

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