| CATEGORY: SMALL CAPS NEWS SECTOR: TRAVEL & LEISURE |
Gaming VC bets on poker move |
|
Mon 05 Sep 2005
|
LONDON (SHARECAST) - There was better news for online casino games operator Gaming VC today after the group reported maiden half year figures ahead of a move into Spain and online poker.
The Aim listed company reported a pre-tax profit for the six months to 30 June of just over €11m on revenue of €21.3m.
It said the second half of 2005 promises to be “very exciting”, with the results of the first marketing campaign into Germany, the full launch of products into Spain and the launch of its poker offering.
“Visibility of the performance of the marketing campaigns as well as impact on trading will become much clearer into the fourth quarter,” it added.
The company floated on Aim last December, raising £81m, some of which went on snapping up the assets of Casinos International, an online casino big in German-speaking markets.
In June, Gaming VC, warned that the second quarter saw a weakening of revenues as it failed to market its sites properly, estimating half-year revenues of a below target €21m.
But the group has a “major” marketing initiative under way in the second half which it anticipates will kick start revenue growth.
There will be an interim dividend of 21p per share.
|
|
| |
|
 |
Front Page Stories |
 |
|
