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GVC Holdings issued a trading update

Friday, December 4, 2015 : CONTINUED STRONG PERFORMANCE REPORTED BY G.V.C. HOLDINGS
 
Main metrics show continued strong quarterly gains.
 
Online gambling group GVC Holdings issued a trading update Friday, showcasing a strong financial performance during the first months of its fourth quarter ended 30 November 2015.
 
Highlights of the update included:
 
* Net Gaming Revenue for the two months was 11.7 percent higher than the same period in 2014 averaging Euro 716,000 per day;
 
* Sports wagers in the two months grew to an average of Euro 4.9 million a day, representing an increase of 12.7 percent on the comparable period of 2014 (Euro 4.4 million per day);
 
* Gross win margin of 9.3 percent was achieved in the sports vertical during the period under review, compared to 8.7 percent achieved in the same period in 2014;
 
* Net revenue from gaming grew by 12.5 percent to an average of Euro 388,000 a day (2014: Euro 345,000 per day in 2014);
 
* Customer deposits rose by 8.3 percent to Euro 1.83 million a day (2014: Euro 1.69 million).
 
Kenneth Alexander, CEO of the group, said he was pleased with the continued strong financial performance of GVC for the first two months of the last quarter.
 
"The Board remain confident that the outturn for the 2015 financial year will be very positive. GVC has an excellent track record of growing revenues and turning around under-performing assets," he said, noting that the proposed acquisition of Bwin.Party Digital Entertainment plc, will be the next transformational move for the group.



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Bingo Cataratas Offers Unique Spin on Classic bingo - Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.

NBA Odds: Hawks-Pacers in Regular-Season Finale - Depending on the results of Game No. 81, Wednesday’s regular-season finale (8 PM ET, ESPN) between the Atlanta Hawks and Indiana Pacers could decide whether Indiana reaches the postseason. It could also give the Pacers a higher seed than Atlanta in the Eastern Conference playoffs.

Microgaming April 2017 new games - Cool Buck and Mega Money Multiplier go live on Wednesday 5 April 2017. Both are available to Microgaming and Quickfire operators on desktop and mobile and come with in-game achievements and free games.

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