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GAMING VC REPORTS 23 PERCENT RISE IN H1 PROFITS
European operator Gaming VC has reported growth in EBITDA of 7 percent to Euro 10.6 million on last year’s Euro 10 million for the six month period to the end of June, with pre-tax profits rising 23 percent to Euro 10.5 million, on last year’s Euro 8.5 million.
Group revenue was up 20 percent to Euro 26.3million, and operating profit also rose 19 percent to Euro 10.6 million. Gross profits rose 30 percent to Euro 21 million during the period, compared with Euro 16.3 million last year.
Kenny Alexander, chief executive of Gaming VC, said that Gaming VC's core German poker and casino market had performed well and had been “resilient with volumes maintained due to the group’s online affiliate marketing and continuous focus on customer relationship management. Our CRM hub is now fully operational and all customer service and contact is being done in-house, improving the group’s overall performance by reducing attrition levels and maintaining lifetime values”.
His report added that the German Interstate Treaty that was passed in January 2008 banning internet gambling in the country was in contravention of EU law.
On an operational front, the group will launch at least two new casino brands targeting customers outside Germany, Alexander revealed. The company will also be launching its sportsbook in additional languages, with four new Eastern European partnership agreements signed.
Gaming VC’s Italian sportsbook business grew strongly, generating Euro 3.2 million of gross margin from a handle of Euro 22.5 million, representing a margin of 14.2 percent, during the first six months. TV and press marketing campaigns will be launched in the second half of the year to build on the Italian sportsbook’s good performance. Its Spanish bingo site winzingo.com is now live and an increased marketing drive will take place in the second half of the year
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$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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