Holding GVC, having bought PartyPoker, claims that the poker room begins to get back the money. This is especially impressive amid continuing discussions about the prolonged setback in the industry. According to Poker Industry Pro, the parent company GVC Holdings reported revenue growth in the first three quarters of 2017, compared with last year's figures. At the same time, the main part of the growth comes from the poker sector, namely PartyPoker.
Kenny Alexander, GVC Chief Executive, is sure that the underlying reasons of such an impressive growth include the development of new products, the increase and improvement of marketing moves, the localization of the market and the improvement of the game climate. He is pleased with the progress that they have made, and admits that the result exceeds the expectations. The exact figures are still not available since the period covered in the statement is not finished, and the calculations will take several weeks. Nevertheless, GVC provided completely relevant statistics. According to promulgated data, the growth of gaming profits in the first half of the year increased by 32%, and in the third quarter - by 47%, being compared with the rates in 2016.
In addition to the successful PowerFest series, which ended literally last weekend, the growth was influenced by the attraction of new employees. Both the management and the professional PartyPoker team recruited new members who played a significant role in such a success. In particular, the return of Mike Sexton was rather influential as well as contracts with Patrick Leonard, Kristen Bicknell and Fedor Holz.
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