GVC Holdings PLC (AIM:GVC), a leading online gaming company, is pleased to give the following trading update for the period from 1 January 2011 to 3 May 2011 (“the period”) to coincide with the Annual General Meeting being held later today in the Isle of Man.
Total Net Gaming Revenue (“NGR”) over the 123 day period has averaged €168k per day, which is 10% ahead of the same period last year. During the period NGR at CasinoClub has been 3% higher than 2010, whilst Betaland was 4% lower, however Betboo, the Group’s Latin American and Emerging Markets brand, has seen its daily NGR increase by 138%.
The overall Group sports gross margin achieved over the period was 14.8% (2010: 10.9%).
The Group remains cautiously optimistic for the remainder of 2011.
For further information:
|GVC Holdings PLC|
|Kenneth Alexander, Chief Executive Officer||Tel: +44 (0) 20 7398 7702|
|Richard Cooper, Group Finance Director||www.gamingvc.com|
|Arbuthnot Securities Limited|
|James Steel / Ben Wells||Tel: +44 (0) 20 7012 2000|
|Henry Harrison-Topham / Oliver Hibberd||Tel: +44 (0) 20 7398 7702|
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