Trading Update to 30 November 2015

Jay Dossetter

GVC Holdings PLC (AIM:GVC), a leading e-gaming operator in both b2c and b2b markets, today provides the following trading update for the two months ended 30 November 2015.

Trading overview

Strong trading has continued during the period under review, despite currency headwinds, with results as follows:

  • Net Gaming Revenue (“NGR”) for the two months to 30 November 2015 was 11.7 per cent. higher than the same period in 2014 averaging €716,000 per day;
  • Sports wagers in the two months to 30 November 2015 have grown to an average of €4.9 million per day representing an increase of 12.7 per cent. on the comparable period of 2014 (€4.4 million per day);
  • a gross win margin of 9.3% was achieved in sports during the period under review compared to  8.7% achieved in the same period in 2014;
  • net revenue from gaming grew by 12.5 per cent. to an average of €388,000 per day (2014: €345,000 per day in the same period); and
  • customer deposits rose by 8.3 per cent. compared to €1.83 million per day (2014: €1.69 million) in the same period in 2014.

The board of GVC views these results as most encouraging and as further evidence of the Group’s strong growth rates.  Consequently the Board is highly confident of the outlook for the remainder of the year. This update follows the Company’s recent announcement of the appointment as COO, of Shay Segev, the highly experienced industry expert and formerly of Playtech PLC and Gala Coral Group.

The key highlights for the two months ended 30 November 2015 and the eleven months ended 30 November 2015 are as follows:

Average per day in €000’s Q4-20151 Q4-20141 %age
Q1 – Q42
Q1 – Q42
Days in period 61 61   334 334
Sports margin 9.3% 8.7%   9.2% 9.8%
Sports wagers 4,921 4,366 12.7% 4,567 4,000 14.2%
Sports NGR 328 296 10.8% 315 301 4.8%
Gaming NGR 388 345 12.5% 361 311 16.1%
Total NGR 716 641 11.7% 677 612 10.5%

1 period from 1 October to 30 November

2 period from 1 January to 30 November

Kenneth Alexander, Chief Executive of GVC Holdings plc, said:

“I am delighted to announce 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 and the GVC Board is highly confident that a positive vote at the EGM on 15 December 2015, to approve the proposed acquisition of digital entertainment plc, will be the next transformational move for the GVC Group.”


For further information:

GVC Holdings PLC
Kenneth Alexander, Chief Executive
Richard Cooper, Group Finance Director
Cenkos Securities plc (Nomad & Broker) Tel: +44 (0) 20 7397 8900
Mark Connelly, Stephen Keys, Camilla Hume
Media enquiries:
Bell Pottinger Tel: +44 (0) 20 3772 2500
David Rydell, James Newman, Anna Legge, Laura Jaques


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 approximately 550 employees/consultants, is headquartered in the Isle of Man and has licenses in the Dutch Caribbean, Denmark, United Kingdom, Greece, Ireland, Malta, Romania and South Africa.

Further information on the Group is available at