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GVC Holdings Trading Update

Monday January 11,2016 : G.V.C. POSTS TRADING UPDATE
 
Preliminary results for FY 2015 look promising.
 
Online gambling group GVC Holdings plc has issued probably its last quarterly update and trading position prior to its takeover of Bwin.Party Digital Entertainment , reporting numbers for the 12 months to 31 December 2015.
 
Highlights from the update include:
 
* Net Gaming Revenue for the year of Euro 247.7 million - up 10.2 percent year-on-year;
 
* NGR in Q4-2015 of Euro 65.5 million - up 10 percent on Q4-2014;
 
* On a constant currency basis NGR in Q4-2015 up 21.3 percent on Q4-2014;
 
* Sports wagers for the year of Euro 1.68 billion - up 14.9 percent year-on-year;
 
* Sports wagers in Q4-2015 at Euro 456 million - up 13.6 percent on Q4-2014;
 
* Sports NGR in Q4-2015 was up 5.6 percent at Euro 320,000,with an almost flat 9.1 percent margin compared to the previous year;
 
* Gaming NGR in Q4-2015 was up 13.9 percent y-o-y at Euro 392,000.
 
* Total NGR in Q4-2015 was up 10 percent at Euro 712,000.
 
The company expects to release its FY audited results in the week commencing 11 April 2016.
 
CEO Kenneth Alexander reported:
 
"I am delighted to report yet another set of strong numbers as 2015 year ended very positively for GVC. The Board and I would like to thank all our staff for their hard work and continued focus.
 
"With the shareholders of both GVC and bwin.party digital entertainment plc having voted overwhelmingly for the acquisition of bwin.party on 15 December 2015 and with completion expected on 1 February 2016, and the enlarged GVC Group expected to be admitted to the Main Market on 2 February 2016, we are enthusiastic to commence the integration of the businesses and to continue to drive shareholder value for investors in the enlarged Group."

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Gambling News :

South Africa Going After Illegal Gambling - In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.

The Winning Express arbitrage sports betting scheme - A UK-based GBP 27 million arbitrage sports betting scheme, The Winning Express, has collapsed, leaving a thousand investors with concerns that their money is lost, according to a BBC report over the weekend.

Global Poker League Championship Results - #gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.

Yahoo DFS Gets Uk License - #yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.

SPANISH GAMBLING MARKET CONTINUES TO GROW - Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.

Novomatic Acquires Albanian National Lottery - #Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.

2016 Massachusetts Gaming Commission Report - Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.

Jack Lam denies bribe allegations - Allegations by Philippines Justice Secretary Vitaliano Aguirre that casino tycoon Jack Lam used 'facilitator' Wally Sombero in an attempt to bribe him into protecting Lam interests have been hotly denied by Lam.

Fonbet Gets Russian Betting License - #Fonbet Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.

New Attempts to Restore the Wire act - In the first of these initiatives, which Online Poker Report notes is supported by only eight state AGs (half those who signed a similar letter last year), the signatories seek support for RAWA at a Congressional hearing scheduled for December 9.

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