7th Dec 2005 07:00
Gaming VC Holdings S.A.07 December 2005 7th December 2005 Gaming VC Holdings S.A. ("the Company") November Update and Dividend policy confirmation The Directors of Gaming VC are pleased to announce further increases in newcustomer activity and revenue in the month of November and confirmation of thecompany's 2005 dividend policy. New Registrations in the month of November were 3,645 compared to 3,272 inOctober, an 11.3% increase. 1,783 new depositing customers were recorded in themonth compared to 1,439 in October, a 23.9% increase. Daily revenue in the monthhas increased month on month by 9.9% to €110.7k confirming the trend experiencedin October, further underlining the effectiveness of the strategic marketingprogramme. Following solid results in October and November the Directors confirm it istheir intention to pay a full second half dividend of 21p making 42p for theyear. Commenting on the performance for November, Steve Barlow, Chief Executive said,"With new registrations continuing to strengthen and the stronger revenueperformance in October and November, we are confident that our strategicmarketing programme will deliver our target month on month revenue growth of 2%,thereby consolidating our position in 2006. We can confirm that the dividendwill be 42p for the year delivering on our promise at the IPO. Given the likelyoutlook for 2006 it is the Board's intention to maintain this level of payout." For further information contact:Steve Barlow, CEO 020 7554 1400Ken Cronin, Gavin Anderson & Company 020 7554 1400Robert Speed, Gavin Anderson & Company 020 7554 1400 Note to Editors Gaming VC Holdings SA (AIM: GVC) is a leading online casino games operator withan annualized handle in excess of EUR 1.5 billion. The majority of its existingcustomers come from German speaking countries. The company listed on theAlternative Investment Market in December 2004. Gaming VC Holdings also owns twomagazines, Casino Club and Roulette. Through unique marketing approaches and itsinnovative informational magazines GVC is able to attract and retain some of thehighest value casino players in the sector. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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