Key Takeaways
- GVC confirms 40% growth in net gaming revenue from online poker in 2018.
- Growth is being driven by “technology, brands, product, marketing and people.”
- Online poker is still a small fraction of parent company GVC’s total revenue, which in 2018 amounted to almost £2 billion in net gaming revenue online.
Partypoker is making “significant progress” in catching up with PokerStars in the global online poker arena, stated a GVC executive during its full year results presentation this week.
The company reported annual revenues in online poker grew 40% in 2018, as the company continues to invest heavily in rebuilding its brand and product.
“Partypoker has been a bit of a David-Goliath battle with PokerStars,” said GVC CEO Kenneth Alexander in addressing analysts during the company’s full year presentation this week. “We are growing 42% in 2018,” he said, reporting annual figures on a constant currency basis.
