2nd Feb 2007 07:01
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 toannounce the appointment of Kenneth (Kenny) Jack Alexander as Chief Executive ofthe Company with effect from 1 March 2007. Kenny Alexander will join Gaming VCfrom Sportingbet plc where he was most recently Managing Director of Europeanoperations. Kenny Alexander, aged 37, is a member of the Institute of Chartered Accountantsof Scotland. He started his career as an accountant at Grant Thornton and joinedSportingbet in February 2000 where he held the position of Finance Director forEuropean operations. In April 2002, Kenny was appointed Managing Director of Sportingbet's EuropeanOperations. In this position, Kenny was directly responsible for 150 employeesfrom 16 countries overseeing trading, marketing, finance, IT, productdevelopment and customer service. In addition he had overall responsibility forall of Sportingbet's sports book and gaming sites in Europe. Kenny wasinstrumental in developing Sportingbet's operations in new European marketsincluding Turkey, Spain, Greece, Germany, France and Italy and drivingcross-selling initiatives in these markets. Under Kenny's leadership, thebusiness became one of the most profitable gaming operations in Europe. Commenting on the appointment, Adrian Smith, non-executive Chairman of GamingVC, said: "We are very pleased that Kenny Alexander will be leading ourbusiness and joining the Board of Gaming VC. Bringing in an experienced gamingexecutive was an important element of the changes we committed to in November.We continue to see the benefits from effective marketing initiatives in bothpoker 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 theCompany at this exciting time and look forward to driving the business forwardin the next stage of its development. Gaming VC has great potential and the aimis to take advantage and maximise the opportunities which exists in the Europeangaming sector." There are no further disclosures to be made regarding this appointment underSchedule 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 comparedto 7,452 in 2005, a 43% increase. Revenue in the quarter was €9.8 million, up1% on the previous year. Group - Daily Revenue Q4 2006 • '000 Q4 2006 Q3 2006 % change versus Q3 Q4 2005 % change versus Q4 2006 2005Daily revenue 107 102 5% 106 1% Group - Daily Revenue FY 2006• '000 FY 2006 FY 2005 % change versus FY 2005Daily revenue 110 110 - Casino - Key Performance Indicators Q4 2006 Q4 2006 Q3 2006 % change versus Q3 Q4 2005 % change versus 2006 Q4 2005Daily revenue €99,000 €96,000 3% €106,000 (7%)New registrations 167 114 46% 122 37%per dayNew players per day 61 50 22% 57 7% Casino - Key Performance Indicators FY 2006 FY 2006 FY 2005 % change versus FY 2005Daily 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 2005Daily revenue €7,600 €5,600 36% €2,300 230%New registrations 112 68 65% 41 173% per dayNew 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 expectedcasino revenue in December 2006 which was then corrected in January's trading.We are particularly pleased with the continued strong growth of our pokerbusiness during Q4." - Ends - For further information:Gaming VC Holdings S.A.Adrian Smith, Non-Executive Chairman Tel: +44 (0) 20 7398 [email protected] www.gamingvc.com Media enquiries:AbchurchChris Lane / Franziska Boehnke Tel: +44 (0) 20 7398 [email protected] 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 anyoperations in the US and therefore has never transacted any wagering activity onbehalf 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 ExchangeRelated Shares:
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