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INTERIM PROFITS UP AT GVC HOLDINGS
Thursday, September 29, 2011 : H1 interims show useful improvements
The Isle of Man-based online gambling group GVC Holdings plc has announced its interim results for the six months ended 30 June 2011.
Interim highlights include:
*Betboo - rapid growth with Net Gaming Revenue ("NGR") up 140 percent
*7 percent increase in revenue from core Casino Club brand
*Group operating profit up 80 percent at Euro 3.6 million
*Profit before tax increased to Euro 2.5 million (H1-2010: Euro 1.5 million)
*Robust Q3 trading NGR 15 percent ahead of corresponding period last year
Commenting on the results, chief executive Kenneth Alexander, said:
"As previously announced, the group is in discussions with Sportingbet plc to acquire their Turkish language sportbook and gaming offering. In light of these discussions it would be inappropriate for GVC to comment on this potential transaction until it is either put to shareholders for their approval, or talks with Sportingbet cease.
"Trading remains encouraging against a backdrop of challenging economic conditions and we remain cautiously optimistic about our prospects for the rest of the year."
Alexander said that the group’s successes in H1-2011 include:
*Expansion of the Betboo brand as a result of increased marketing investment has seen Betboo NGR increase by 140 percent to Euro 5.2 million (H1-2010: Euro 2.2 million)
*Resilient performance by Casino Club, the group's core German casino with NGR increasing by 7 percent to Euro 14.6 million (H1-2010: Euro 13.6 million)
*Revision of the Betboo earn-out to spread the cash payments over a longer period
*Group operating profit up 80 percent to Euro 3.6 million (H1-2010: Euro 2 million)
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.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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