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GVC Holdings H1-2015 results
Friday August 28,2015 : GVC HOLDINGS REPORTS GOOD H1 PROGRESS
Management expects to play a leading role in industry consolidation.
GVC Holdings plc, still embroiled in the fight to buy Bwin-Party, issued its H1-2015 results Friday, commenting that it intends to play a key role in the consolidation phase the online gambling industry is currently experiencing.
Highlights from the report include:
* Wagers - up 18.6 percent to Euro 824 million (H1-2014: Euro 694 million);
* Sports Gross Margin down at 8.8 percent (H1-2014: 9.9 percent);
* Net Gaming Revenue up 15.1 percent to Euro 121 million (H1-2014: Euro 105 million);
* Contribution up 15.3 percent to Euro 65 million (H1-2014: Euro 57 million);
* Clean EBITDA up 14 percent to Euro 25.5 million (H1-2014: Euro 22.4 million);
* Mobile generating 38 percent of Sports Gross Gaming Revenue (H1-2014: 22 percent);
* Adjusted, diluted Earnings Per Share - growth of 25 percent to 33.3 Euro cents;
CEO Kenneth Alexander, said the company continues to show strong financial performance, with growth in revenue, clean EBITDA and dividends.
"With our track record of delivering value through organic growth and acquisitions we are determined that GVC will play an important role in the continuing consolidation of the online gaming sector. We expect to update the market soon about our discussions with bwin.party digital entertainment plc," he said.
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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