Join our community of smart investors

GVC still on growth trail

GVC Holdings (GVC) has announced a sixth consecutive quarter of growth and confirmed its quarterly dividend.
December 16, 2014

Gaming operator GVC Holdings (GVC) has reported a sixth consecutive quarter of growth, with net gaming revenue up 26 per cent year-on-year to €660,000 a day. Mobile revenues are booming too, rising 150 per cent to €168,000 a day. The value of deposits by customers has also improved by a fifth since this time last year.

IC TIP: Buy at 490p

Thanks to the stellar growth, the board confirmed it would pay its usual quarterly dividend to shareholders, despite impending regulatory upheaval in the form of Point of Consumption tax.