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Gaming group and owner of the ‘Foxy Bingo’ brand GVC Holdings announced its audited results for the year Thursday, with pro forma sports wagers up 4% to €4.55bn, or up 7% at constant currencies.
The earnings of GVC Holdings’ before interest, tax, depreciation and amortisation (EBITDA) for 2016 increased by 26% to reach €193.5, which was a significant jump from the €54.1 million the company achieved the previous year. Net debt stood at €131.5m, which the board pointed out was 0.6x clean EBITDA.
