StockMarketWire.com - Sports betting and gaming group GVC said Wednesday it was 'well placed' to deliver against its full-year expectations as first-half growth was bolstered by good underlying momentum and the World Cup .

Online Net gaming revenue - the amount gained in stakes minus payouts – grew 22% in the second quarter of the year and 18% for the six months to 30 June 2018.

Online NGR for the period from 1 January to 13 June - prior to the commencement of the World Cup - grew 15% amid 'strong' underlying growth, the company said.

The online brands continued to benefit from a pipeline of new products and from high profile marketing campaigns.

UK Retail Like-for-like net gaming revenue grew 2% helped by World Cup, but fell 3% in the six months through June. 'UK Retail trends improved in the second quarter as the weather proved less disruptive than in the first quarter, while growth in European Retail remained very strong, albeit helped by a soft comparative,' the company said.









At 8:32am: [LON:GVC] GVC Holdings Plc share price was -28p at 1079p



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