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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 :

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

Why is FullFlush Poker Still Down - Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.

Time Running Our For Pennsylvanian online gambling - Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

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