Gaming VC Holdings S.A.
02 February 2007
Press Release 02 February 2007
Gaming VC Holdings S.A.
('Gaming VC' or 'the Company')
Appointment of Chief Executive
KPI Update
Gaming VC, a leading European online casino and poker provider, is pleased to
announce the appointment of Kenneth (Kenny) Jack Alexander as Chief Executive of
the Company with effect from 1 March 2007. Kenny Alexander will join Gaming VC
from Sportingbet plc where he was most recently Managing Director of European
operations.
Kenny Alexander, aged 37, is a member of the Institute of Chartered Accountants
of Scotland. He started his career as an accountant at Grant Thornton and joined
Sportingbet in February 2000 where he held the position of Finance Director for
European operations.
In April 2002, Kenny was appointed Managing Director of Sportingbet's European
Operations. In this position, Kenny was directly responsible for 150 employees
from 16 countries overseeing trading, marketing, finance, IT, product
development and customer service. In addition he had overall responsibility for
all of Sportingbet's sports book and gaming sites in Europe. Kenny was
instrumental in developing Sportingbet's operations in new European markets
including Turkey, Spain, Greece, Germany, France and Italy and driving
cross-selling initiatives in these markets. Under Kenny's leadership, the
business became one of the most profitable gaming operations in Europe.
Commenting on the appointment, Adrian Smith, non-executive Chairman of Gaming
VC, said: 'We are very pleased that Kenny Alexander will be leading our
business and joining the Board of Gaming VC. Bringing in an experienced gaming
executive was an important element of the changes we committed to in November.
We continue to see the benefits from effective marketing initiatives in both
poker and casino as well as on-going improvement in operating cost reductions.
We look forward to Kenny's input into the future direction of Gaming VC.'
Commenting on his appointment, Kenny Alexander said: 'I am delighted to join the
Company at this exciting time and look forward to driving the business forward
in the next stage of its development. Gaming VC has great potential and the aim
is to take advantage and maximise the opportunities which exists in the European
gaming sector.'
There are no further disclosures to be made regarding this appointment under
Schedule 2 paragraph (g) of the AIM rules.
KPI Update
New registrations in Q4 2006 were 28,704 compared to 14,996 in Q4 2005, a 91%
increase. 10,672 new depositing customers were recorded in the quarter compared
to 7,452 in 2005, a 43% increase. Revenue in the quarter was €9.8 million, up
1% on the previous year.
Group - Daily Revenue Q4 2006
€ '000 Q4 2006 Q3 2006 % change versus Q3 Q4 2005 % change versus Q4
2006 2005
Daily revenue 107 102 5% 106 1%
Group - Daily Revenue FY 2006
€ '000 FY 2006 FY 2005 % change versus FY 2005
Daily revenue 110 110 -
Casino - Key Performance Indicators Q4 2006
Q4 2006 Q3 2006 % change versus Q3 Q4 2005 % change versus
2006 Q4 2005
Daily revenue €99,000 €96,000 3% €106,000 (7%)
New registrations 167 114 46% 122 37%
per day
New players per day 61 50 22% 57 7%
Casino - Key Performance Indicators FY 2006
FY 2006 FY 2005 % change versus FY
2005
Daily revenue €105,000 €110,000 (5%)
New registrations per day 145 89 63%
New players per day 63 49 29%
Poker- Key Performance Indicators Q4 2006 *
Q4 2006 Q3 2006 % change versus Q4 2005 % change versus
Q3 2006 Q4 2005
Daily revenue €7,600 €5,600 36% €2,300 230%
New registrations 112 68 65% 41 173%
per day
New players per day 55 44 25% 24 129%
* There are no comparative figures for FY 2005 as Poker was launched in Q4 2005.
Commenting on the Q4 KPIs, Adrian Smith, non-executive Chairman of Gaming VC,
said: 'We are satisfied with the results for Q4 despite a lower than expected
casino revenue in December 2006 which was then corrected in January's trading.
We are particularly pleased with the continued strong growth of our poker
business during Q4.'
- Ends -
For further information:
Gaming VC Holdings S.A.
Adrian Smith, Non-Executive Chairman Tel: +44 (0) 20 7398 7700
investors@gamingvc.com www.gamingvc.com
Media enquiries:
Abchurch
Chris Lane / Franziska Boehnke Tel: +44 (0) 20 7398 7700
chris.lane@abchurch-group.com www.abchurch-group.com
Notes to editors
Gaming VC is a leading operator in German speaking markets, specializing in on-
line casino, poker and skill games. Gaming VC has no and has never had any
operations in the US and therefore has never transacted any wagering activity on
behalf of players in the United States.
Further information on the Company is available at www.gamingvc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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