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GVC Trading Update

Thursday October 8,2015 :  STRONG TRADING UPDATE FROM G.V.C.
 
Online gambling group goes into Bwin.Party merger with positive track record.
 
Posting a trading update in respect of the nine months to end September 2015 this week, online gambling group GVC reported a strong performance and declared a second interim dividend of 14 Euro cents a share.
 
Dividends declared so far this year amount to 56 Euro cents per share, an increase over the 55 Euro cents paid in the comparable period in 2014.
 
Highlights of the update included:
 
* Net Gaming Revenue for the period was 11 percent higher than the same period in 2014, averaging Euro 670,000 a day;
 
* Wagers grew to an average of Euro 4.5 million per day, representing a year-on-year increase of 15 percent;
 
* A gross win margin of 9.2 percent was achieved in sports operations during the period, compared to 10.1 percent achieved in 2014;
 
* Net Revenue from gaming grew by 18 percent to an average of Euro 356,000 per day (2014: Euro 302,000 per day);
 
* Customer deposits rose by 14 percent compared with the same period in 2014, standing at Euro 1.7 million per day (2014: Euro 1.48 million).
 
CEO Kenneth Alexander, said: "I am delighted to announce another record revenue performance for the period. Wagers, NGR and customer deposits all continue to grow strongly. The Board is highly confident about the outlook for the remainder of the year and into 2016. As we continue to deliver value through organic growth and acquisitions we are determined that the enlarged group will play an important role in the consolidating online gaming sector."

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Gambling News :

Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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