POSITIVE TRADING UPDATE FROM G.V.C. HOLDINGS
Online gambling group GVC Holdings plc has posted a trading update ahead of its AGM on the Isle of Man today, advising that, subject to AGM approval, shareholders will receive a dividend of 15.5 Euro cents.
The company published daily results to date since January 1st 2015, reporting:
* Sports wagers up 21.4 percent at Euro 4,590,000;
* Margin on sports wagers 8.75 percent (3014 corrsponding period - 9.62 percent);
* Sports NGR up 15.2 percent at Euro 311,000;
* Gaming NGR up 19.7 percent at 347,000;
* Total daily NGR up 17.5 percent at Euro 658,000.
Kenneth Alexander, CEO of the group,said:
"The board is delighted by the strong start to 2015 despite a lower sports margin as a result of punter friendly results so far this year as has been commented upon already by a number of our peers. The business continues to show impressive growth and we continue to remain confident for the rest of the year."
VISIONARY IGAMING EXPANSION INTO LATIN AMERICA
Live dealer casino game provider, Visionary iGaming has fully integrated its live games and gone live with Juega EnLinea across Latin American markets.
ViG's live dealer offering in English and Spanish is "by far the most localized live offering in LATAM", said Gerardo Alcega, chief operating officer of JeugaEnLinea.
Live dealer games have driven top line growth in JuegaEnLinea's existing markets which it expects to continue as it expands into Mexico, Chile, Panama, Peru, Brazil and The Dominican Republic.
James Olsen, chief operating officer of Visionary iGaming said, Our localized solutions result in outstanding player retention and ultimately higher client revenue generation. We look forward to servicing JuegeEnLinea as they expand and grow throughout the emerging LATAM online gaming markets.