Interim Results

Clarissa Elsner

GVC Holdings PLC (AIM:GVC), a leading online gaming company, today announces its interim results for the six months ended 30 June 2011.

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The full results are available to
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Interim Highlights

  • Betboo – rapid growth with Net Gaming Revenue (“NGR”) up 140%
  • 7% (€1.0 million) increase in revenue from core CasinoClub brand
  • Group operating profit up 80% at €3.6 million
  • Profit before tax increased to €2.5 million (H1-2010: €1.5 million)
  • Interim dividend declared of 10€ cents (H1-2010: 10€ cents)
  • Robust Q3 trading NGR 15% ahead of corresponding period last year

Commenting on the results, Kenneth Alexander, Chief Executive of GVC Holdings PLC, said:

“As previously announced, the Group is in discussions with Sportingbet PLC to acquire their Turkish language sportbook and gaming offering. In light of these discussions it would be inappropriate for GVC to comment on this potential transaction until it is either put to shareholders for their approval, or talks with Sportingbet cease.

“The Group’s prospects are directly affected by the regulatory framework in the markets in which we operate and we continue to monitor regulatory developments closely. Trading remains encouraging against a backdrop of challenging economic conditions and we remain cautiously optimistic about our prospects for the rest of the year.”

 

For further information:

GVC Holdings PLC
Kenneth Alexander, Chief Executive OfficerTel: +44 (0) 20 7398 7702
Richard Cooper, Group Finance Directorwww.gamingvc.com
Arbuthnot Securities LimitedTel: +44 (0) 20 7012 2000
James Steel / Tim Williswww.arbuthnotsecurities.co.uk

Media enquiries:

Abchurch
Henry Harrison-Topham / Mark DixonTel: +44 (0) 20 7398 7702
henry.ht@abchurch-group.comwww.abchurch-group.com

 

About GVC Holdings PLC

GVC Holdings PLC is a leading online gaming company. The Group is headquartered in the Isle of Man and is licensed in Malta, and the Netherlands Antilles.

In December 2004, the shares of Gaming VC Holdings S.A., GVC’s predecessor company, were admitted to the AIM market of the London Stock Exchange. The GVC Group has not and has never transacted wagering activity by players in the US. Further information on the Group is available at www.gamingvc.com.