GVC Holdings PLC (AIM:GVC), a leading e-gaming operator in both b2c and b2b markets, is pleased to announce the following trading update ahead of its Annual General Meeting which is being held today at 11.00 hours in the Isle of Man.
Subject to the passing of resolution 3 at today’s AGM, shareholders on the register on 10 April 2015, will be paid a dividend of 15.5€cents (11.3925 pence)[1] per share tomorrow, Wednesday 6 May 2015.
Net Gaming Revenue, (“NGR”) for the first 120 days to 30 April 2015 averaged €658k per day, up 17.5% on the same period in 2014, on a sports margin of 8.75% against a 2014 comparison of 9.62%. Sports wagers continue to grow strongly and in the first 120 days to 30 April 2015, rose 21.4% to €4,590k per day over €3,782k per day in the comparable period in 2014.
The table below shows the average per day Since 1 January 2014:
| Average per day in €000’s | 120 days to 30.04.15 | 120 days to 30.04.14 | % change |
| Sports NGR | 311 | 270 | 15.2% |
| Gaming NGR | 347 | 290 | 19.7% |
| Total NGR | 658 | 560 | 17.5% |
| Sports wagers | 4,590 | 3,782 | 21.4% |
| Sports margin | 8.75% | 9.62% |
Kenneth Alexander, Chief Executive of GVC Holdings plc, 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.
For further information:
| GVC Holdings PLC | |
| Kenneth Alexander, Chief Executive | Tel: +44 (0) 1624 652 559 |
| Richard Cooper, Group Finance Director | www.gvc-plc.com |
| Cenkos Securities plc (Nominated Adviser & Broker) | Tel: 020 7397 8900 |
| Mark Connelly, Stephen Keys, Callum Davidson |
Media enquiries:
| Bell Pottinger | Tel: 020 3772 2500 |
| David Rydell, James Newman |
About GVC Holdings PLC
GVC Holdings PLC is a leading e-gaming operator in both b2c and b2b markets. Its core brands are CasinoClub, Betboo and Sportingbet. The Group has over 700 employees/consultants and is headquartered in the Isle of Man and has licenses in Malta, Germany, Denmark, UK, South Africa, Alderney and the Dutch Caribbean.
Further information on the Group is available at www.gvc-plc.com
[1] Exchange rate: £1: €1.3605442