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 .
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.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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