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G.V.C. HOLDINGS ISSUES PRE-A.G.M. TRADING UPDATE

Tuesday May 24,2016 :  G.V.C. HOLDINGS ISSUES PRE-A.G.M. TRADING UPDATE
 
Upward momentum continues at online gambling group.
 
Ahead of its annual general meeting on the Isle of Man later today (Tuesday), GVC Holdings plc has issued a trading update.
 
"Trading at the enlarged GVC Group continues its upward momentum since it acquired bwin.party on 1st February," the company reports. "Average Group pro forma revenues per day in Q2 are currently 11 percent higher than the corresponding period in Q2-2015; and 15 percent higher on a constant currency basis."
 
Kenneth Alexander, CEO said:
 
"I am delighted to be able to report a continuation of the strong trading performance previously announced at the time of our final results on April 25th. It is pleasing to see that our strategy to reinvigorate growth at bwin.party is delivering positive early results, which is in part a reflection of the high quality people within the enlarged Group.
 
"This, together with the transformational B2B deal with Betfred, that we announced yesterday, gives me confidence that we can deliver significant value to our shareholders. In addition, the plan to seek a transfer to the Premium Segment of the Official List is progressing and we anticipate making further announcements on this in due course."

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Gambling News :

2017 MPN Poker Tour - Main Event packages, worth €1,500, are available online and players can qualify via any of the MPN participating card rooms through a variety of satellites, with buy-ins starting as low as €0.25. Each €1,500 package includes:

Realistic Games in deal with Kindred Group - The UK-based online gambling games developer Realistic Games has signed a deal to supply its games to online operator Kindred Group, parent company of quality brands that include Unibet, Stan James and Maria Casino.

Opposition to Anti Online Gambling Bill in Congress Lame Duck Session - Action groups appeal to House Appropriations Subcommittee to ensure that RAWA style language is not attached to unrelated spending bill.

DFS banning bill Introduced in Illinois - The legislative season in Illinois may be drawing to a close, but that hasn't stopped a new bid to ban daily fantasy sports from being assigned to the House Executive Committee; whether there is sufficient time to pass the bill is a matter for speculation.

Cambodia To More Closely Control Online Gambling - Cambodia, where online #gambling is operated by licensed land casinos alone, and Cambodian punters are banned from participating, is to tighten monitoring, control and management of the activity by setting up a centralized server, a Ministry of the Economy official revealed this week in a media interview.

Jimei group distances itself from his Philippines activities - The move followed news that the Philippines authorities have issued a warrant for Lam's arrest on charges of economic sabotage and attempted bribery, according to local media reports. His investor visa privileges have already been withdrawn.

South Africa Land Casino Owners Still Feel Online Gambling is a Threat - The latest annual report of the #Casino Association of South Africa, a trade association for most of the country's land casino operators, continues to cite online gambling

Spinomenal Appoints Eduardo Tupper as COO - Israeli software developer, Spinomenal, has appointed former chief operating officer of Ortiz Gaming, Eduardo Tupper, as Senior Vice President.

Ninja Power Slot Launched By Slotland - I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.

WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? - The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.

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