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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."



Gambling News :

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

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