Trading Update

RNS Number : 9512F

GVC Holdings PLC

05 May 2011

 



Press Release

5 May 2011

GVC Holdings PLC

("GVC" or the "Company")

Trading Update

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.

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For further information:

GVC Holdings PLC
Kenneth Alexander, Chief Executive Officer	Tel: [phone]
Richard Cooper, Group Finance Director	www.gamingvc.com

Arbuthnot Securities Limited	Tel: [phone]
James Steel / Ben Wells

Media enquiries:

Abchurch
Henry Harrison-Topham / Oliver Hibberd	Tel: [phone]
[e-mail]	www.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.

 

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