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Gvc Holdings results showcase new launch and litigation against Boss Media

Group's latest results showcase new launch and litigation against Boss Media
 
GVC Holdings, an Isle of Man-domiciled internet gambling group which includes Casino Club, Betaland and Betboo in its portfolio, has released its H1 2010 figures for the half year, reporting that it is planning the launch of a new sportsbook in quarter 4, and will again be in court on 14 October as it pursues its intellectual property litigation against software provider Boss Media.
 

Highlights in the company's half yearly accounting include:


 
* Net Gaming Revenue up 8 percent to Euro 28.1 million (H1/2009: Euro 26 million)
* 10c per share dividend scheduled for late October
* Planning at an advanced stage for a new multi-lingual sports book launch in Q4/2010
* Further legal actions against Boss Media now scheduled for court hearings in Malta and Sweden
* The group had cash in hand of Euro 6.1 million as at third week September
* Loss-making subsidiary Winzingo has been closed
* Casino Club revenues down 9 percent to Euro 13.7 million
* Betaland revenues up 12 percent to Euro 12.2 million
* Betboo NGR Euro 2.2 million included a Euro 100 000 loss on sportsbook operations
* Average hold down at 12.8 percent (H1/2009: Euro 16.3 million)
* Clean EBITDA lower at Euro 6.6 million (H1/2009: Euro 9 million)
 
Commenting on the results, chief executive Kenneth Alexander said: “I am pleased to announce that we have increased NGR by 8 percent, despite the continued economic conditions.
 
"The growth of the South American business continues to accelerate. Our strategy of continuing to pay out a dividend to shareholders of 75 percent of the net cash generated and investing in new high-growth businesses whilst continuing to aggressively defend our high-margin, highly cash generative Casino Club business remains intact.”



Gambling News :

NHL Odds: Lightning go for Season Sweep Over Red Wings - The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

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