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Online Operator Sees Revenues Rise

18th July

Online gaming operator Gaming VC Corporation has reported a 16% increase in total revenues to $41 million for the past six months due, in part, to the resilience of its German casino business and a 13% rise in new funded accounts.

The German-speaking online casino operator manages CasinoClub.com, PokerKings.com, CasinoClub-Poker.com, Betaland.com and WinZingo.com and revealed that daily revenues increased 15 percent from the same period last year to $226,049 with casino activity accounting for 76% of the total. It said that poker contributed 11% to total revenues while sports betting added another 13%.

In addition, Gaming VC stated that daily revenues increased 23% compared to the second half of last year while it also saw a 5% improvement in new funded accounts.

'The results of the first half demonstrate the continued growth of the business,” said Kenneth Alexander, Chief Executive Officer for Gaming VC.

“This is despite the expected adverse effects of Euro 2008 on the casino and poker business. I am delighted with the initial performance of our customer service centre, which we expect to have a positive impact on the group's results in the second half of the year.”

 

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