Positive Trading Update From G.v.c. Holdings

POSITIVE TRADING UPDATE FROM G.V.C. HOLDINGS

05th May, 2015 at 08:23:47
Source: http://www.azonlinecasinos.com

15.5 Euro cents dividend to be paid to shareholders.

Online gambling group GVC Holdings plc has posted a trading update ahead of its AGM on the Isle of Man today, advising that, subject to AGM approval, shareholders will receive a dividend of 15.5 Euro cents.

The company published daily results to date since January 1st 2015, reporting:

* Sports wagers up 21.4% at Euro 4,590,000;

* Margin on sports wagers 8.75% (3014 corrsponding period - 9.62 percent);

* Sports NGR up 15.2% at Euro 311,000;

* Gaming NGR up 19.7% at 347,000;

* Total daily NGR up 17.5% at Euro 658,000.

Kenneth Alexander, CEO of the group,said:

"The board is delighted by the strong start to 2015 despite a lower sports margin as a result of punter friendly results so far this year as has been commented upon already by a number of our peers. The business continues to show impressive growth and we continue to remain confident for the rest of the year."

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