July 17, 2019 / 6:20 AM / a month ago

GVC quarterly UK retail revenue slumps, online growth steady

July 17 (Reuters) - Ladbrokes owner GVC Holdings Plc on Wednesday reported a steep fall in quarterly UK retail comparable revenue, hurt by regulations that put a price cap at fixed odd betting terminals to two pounds from the existing 100 pounds.

The company said UK retail net gaming revenue fell 19% for the second quarter ended June 30, but the overall gaming revenue rose 3%, boosted by resilient online growth. (Reporting by Sangameswaran S in Bengaluru; Editing by Arun Koyyur)

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