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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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Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
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