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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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NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
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