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GVC Holdings issued a trading update
Friday July 6,2012 : GVC REVENUES UP
Latest trading update shows improvements
GVC Holdings plc, an online gambling provider of B2B and B2C services, has issued a trading update for the six months trading to 30 June 2012.
Gross revenues across the group for the period increased 147 percent to Euro 270,000 per day (H1-2011: Euro 110,000 per day).
The company’s B2B division saw significant growth from November 2011 after it entered into a service agreement with East Pioneer Corporation BV to provide back office services following that company’s acquisition of the Turkish Superbahis brand from Sportingbet plc.
Underlying sports wagers amounted to Euro 1.3 million per day (H1-2011: Euro 80,000 per day), and a gross sports margin of 11.8 percent was achieved on this (H1-2011: 8 percent). Turnover reached an average of Euro 164,000 per day (H1-2011: Euro 8,000 per day).
Gross revenues in the B2C division rose 4 percent to Euro 106,000 per day (H1-2011: Euro 102,000 per day). Sports wagers rose 146 percent to an average of Euro 119,000 per day (H1-2011: Euro 49,000 per day), although the margin was softer at 8.1 percent (H1-2011: 10.9 percent).
Revenues in Betboo, the Group’s Latin American brand, rose by 32 percent to Euro 28,000 per day (H1-2011: Euro 21,000 per day).
CasinoClub revenues saw a modest decline of 4 percent to Euro 78,000 per day (H1-2011: Euro 81,000 per day) reflecting ongoing consumer uncertainty in Germany.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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