Trading Update

RNS Number : 6213U

GVC Holdings PLC

04 December 2013

 



Press Release

4 December 2013

GVC Holdings PLC

("GVC" or the "Company")

Trading Update

GVC Holdings PLC (AIM:GVC), a leading provider of services to the online gaming industry, notes the recent announcements made by a number of its peers in the sports betting industry on the matter of recent unfavourable sports results.

The Group's trading has held up extremely well in the first two months of Q4 2013, reinforcing the success of GVC's integration of the Sportingbet business.  The sports margin was 8.2% (Q3 2013: 9.4%) despite the "punter-friendly" nature of a number of sports events.

In the first two months of Q4 2013, average wagers per day rose to €4 million per day, up 23% on the prior quarter (Q3 2013 - €3.3 million) and up 12% on October and November in 2012, on a like-for-like basis.  Despite the reduction in sports margin percentage, average daily Net Gaming Revenue ("NGR") in the first two months of Q4-2013 rose by 4% to €536k per day from €516k per day in Q3 2013.

The Board of GVC therefore expects the Group's full year results to be at the upper end of analyst's current expectations.  The Group anticipates that it will provide a further trading update on Q4 2013 as well as a dividend declaration on Thursday 9 January 2014.

- Ends -

For further information:

GVC Holdings PLC
Kenneth Alexander, Chief Executive	Tel: [phone]
Richard Cooper, Group Finance Director	www.gvc-plc.com

Daniel Stewart & Company Plc	Tel: [phone]
David Hart / Paul Shackleton / James Thomas	www.danielstewart.co.uk

Media enquiries:

Abchurch
Henry Harrison-Topham / Shabnam Bashir	Tel: [phone]
[e-mail]	www.abchurch-group.com

About GVC Holdings PLC

GVC Holdings PLC is a leading provider of services to the online gaming industry.  Its core brands are now CasinoClub, Betboo and Sportingbet.  The Group has over 600 employees and is headquartered in the Isle of Man and is licensed in Malta, the UK, South Africa, Italy, Germany Denmark, Alderney and the Netherlands Antilles.

GVC is financially focused on generating cash and returning a high proportion of this to shareholders by way of dividends.  From 2007, GVC has declared over €85 million or £2.00 per share via dividends to its shareholders.  Further information on the Group is available at www.gvc-plc.com

 

END

 

 

TSTTJBPTMBMMBFJ