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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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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
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3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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