22nd Apr 2008 07:01
Gaming VC Holdings S.A.22 April 2008 Press Release 22 April 2008 Gaming VC Holdings S.A. ("Gaming VC" or "the Group") Q1 update Gaming VC, a leading European online gaming company,, is pleased to give thefollowing update on Key Performance Indicators for the first quarter of 2008. During the first three months of the 2008 financial year trading has beenslightly ahead of expectations, due to both resilience in the German casinobusiness and better than expected sportsbook performance. The total revenuesare 12% ahead of the same period in the previous year and 6% more fundedaccounts have been recruited. Compared to the fourth quarter of 2007 revenue is23% higher and there have been 3% more funded accounts recruited. Daily Revenue Q1 2008 Q4 2007 % change versus Q4 Q1 2007 % change versus Q1 2007 2007 Casino €111k €97k 14% €120 (8)%Poker €15k €12k 27% €9 69%Sportsbook €19k €9k 107% - -Total €145k €118k 23% €129k 12% New Funded Customers 116 113 3% 109 6% Commenting on the Q1 KPIs, Kenneth Alexander, Chief Executive Officer, of GamingVC, said: "The results of the first quarter demonstrate significant growth fromthe last quarter of 2007. I am particularly pleased with the performance of oursportsbook, which was launched in September 2007 and has exceeded the Company'sexpectations. I am confident that this growth will continue as we diversify ourservices and expand our reach into new international territories." - Ends - For further information:Gaming VC Holdings S.A.Adrian Smith, Non-Executive Chairman Tel: +44 (0) 20 7398 [email protected] www.gamingvc.com Arbuthnot Securities Limited Tel: +44 (0) 20 7012 2000James Steel / Paul Vanstone, Corporate Finance www.arbuthnotsecurities.co.uk Media enquiries:AbchurchStephanie Cuthbert / Nick Probert Tel: +44 (0) 20 7398 [email protected] www.abchurch-group.com Notes to editors Gaming VC is a leading European online gaming company. The Group isheadquartered in Luxemburg and is licensed in Malta, Italy and the NetherlandsAntilles. Gaming VC's management team has a wealth of experience in the gaming industryand has a significant track record in successfully identifying and penetratingnew markets. The Group is focussed on delivering an innovative product offeringand is dedicated to providing sophisticated Customer Relationship Management(CRM) to ensure high levels of customer satisfaction. Gaming VC uses Internet marketing and affiliate networks for customeracquisition and customer retention purposes. In December 2004, Gaming VC's shares were admitted to the AIM market of theLondon Stock Exchange. Gaming VC has no and has never had any operations in theUS and has never transacted wagering activity by players in the US. 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:
GVC.L