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GVC trading Update October 1-December 14

Tuesday December 16,2014 : GVC REPORTS CONTINUED REVENUE GROWTH

For sixth consecutive quarter

A trading update from e-gaming operator GVC for the October 1 to December 14, 2014 period reports the company’s sixth successive quarter of revenue growth.

GVC said it continues to benefit from the marketing and brand building the company undertook in preparation for, and during, the World Cup across all major territories and brands.

Net gaming revenue (NGR) to date for Q4/2014 to date has averaged GBP 660 000 per day, up 26 percent on the comparative quarter 2013.

Mobile Gross Gaming Revenues (GGR) rose 150 percent to GBP 168 000 per day, GVC said.

A 20 percent rise in deposit value growth for a sixth consecutive quarter.

Key performance figures included in the update were:

-    Sports wagers of GBP 4.48 million (Q4/2013: GBP 3.9 million)
-    Sports margins of 9 percent (Q4/2013: 8.4 percent)
-    Sports Net Gaming Revenue of GBP 318 000 (Q4/2013: GBP 244 000)

-    Gaming Net Gaming Revenue of GBP 342 000 (Q4/2013: GBP 279 000)

-    Total Net Gaming Revenue of GBP 660 000 (Q4/2013: GBP 523 000).

-    Mobile Gross Gaming Revenue of GBP 168 000 (Q4/2013: GBP 67 000)
-    Total value of deposits amounted to GBP 1.7 million (Q4/2013: GBP 1.4 million)

The GVC Board said it “…has been delighted by the performance of the Group during 2014 and believes this strength of trading provides an excellent foundation for continued growth in 2015”.

In addition the Board noted that Net Gaming Revenue from January 1 to December 14, 2014 had amounted to over GBP 217 million, already higher than full-year consensus figures, with another 17 days of the year left to run.

In related news, 888 Holdings delivered a brief trading update saying: “…the Group has continued to perform in line with management's expectations. 888 remains confident of meeting management expectations for full year adjusted EBITDA”.

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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