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GAMING VC TURNS IN HALF YEAR RESULTS
Gaming VC Holdings, the online gambling group that operates Casino Club, Poker Kings, Casino Club Poker, Betaland and Wizbingo, has announced that over the first six months of the 2008 financial year, trading has been slightly ahead of the Board's expectations due to resilience in the German casino business.
The total revenues are 15 percent ahead of the same period in the previous year and 13 percent more funded accounts have been recruited. Compared to the second half of 2007, revenue is 23 percent higher and there have been 5 percent more funded accounts recruited.
The group confirms that it remains in discussions with a third party which may or may not lead to an offer for the entire issued and to be issued share capital of the company (see previous InfoPowa reports). A further announcement will be made in due course if appropriate.
Commenting on the H1 KPIs, Kenneth Alexander, Chief Executive Officer said: "The results of the first half demonstrate the continued growth of the business. This is despite the expected adverse effects of Euro 2008 on the Casino and Poker business. I am delighted with the initial performance of our customer service centre, which we expect to have a positive impact on the Group's results in the second half of the year. I am confident that growth will continue as we diversify our services and expand our reach into new international territories. "
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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