GVC Holdings PLC (AIM:GVC), online gaming and sports betting markets, updated trading data for the period from 1 January 2012 to 20 May 2012 along with comparatives for 2011.
Turnover across the Group for the period increased 168% to €279k per day (2011 €104k).
B2C division - turnover rose 7% to €105.2k per day (2011: €98.4k per day)
TURNOVER PER DAY in €000's, average over 1 year
20 May 2012 - 20 May 2011 - 31 Dec 2011
B2C 105.2 - 98.4 - 104.7
B2B 174.1 - 5.8 - 27.6
Sum 279.4 - 104.2 - 132.3
Total daily turnover increased 168% year-on-year, up from €104,200m to €279,400m, driven predominantly by the company’s B2B arm, established after the GVC-backed East Pioneer Corporation acquired Sportingbet’s Turkish-facing site Superbahis for a minimum consideration of £125m in October last year. Over the same period in 2011 the operator’s B2B arm reported a daily turnover of just €5,800, compared to €174,100 this year.
Growth in B2C daily turnover, which grew to €105,200, up 7% from €98,400 in the equivalent period in 2011, was aided by the sale of the group’s loss-making Betaland brand in April this year.