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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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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 -
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The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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