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TURNOVER UP AT GVC HOLDINGS
Friday May 25, 2012 : TURNOVER UP AT GVC HOLDINGS
Revenues soar 168 percent in first five months of 2012
Online gambling group GVC Holdings plc has posted a trading update covering the period 1 January 2012 to 20 May 2012 showing group turnover up 168 percent to Euro 279 000 per day (2011 Euro 104 000).
In the B2C division turnover rose 7 percent to Euro 105,200 per day (2011: Euro 98,400 per day), whilst B2B division turnover reached Euro 174,100 per day following the initiation of a contract with East Pioneer Corporation B.V. on 22 November 2011. The comparative figure in 2011 amounted to just Euro 5,800 per day.
CEO Kenneth Alexander said: "We are extremely pleased with the performance in both divisions. B2C sports margins have been adversely affected by favourable punter outcomes this year, which has suppressed an otherwise excellent start to the year. GVC's agreement with EPC is progressing well with daily turnover now exceeding Euro174,000 per day.
"Whilst economic conditions in Europe continue to be volatile, we remain cautiously optimistic for the year. The Group has today paid its shareholders an increased dividend of Euro 11 cents per share, compared to the Euro 10 cents per share GVC paid in 2010."
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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