Gaming VC First-Half Revenue Up 20%

18 September 2008

Gaming VC Holdings S.A. had a revenue hike of 20 percent, according to the company’s first-half interim results.

The Luxembourg-based online gaming operator earned 26.3 million euros in the first-half from 22 million euros last year. Operating profit was up 19 percent at 10. 6 million as well as the gross margin profit, which improved from last year’s report by 80 percent.

“These results are testament to our successful strategy of strengthening the level of expertise within the group,” said Kenneth J. Alexander, chief executive of Gaming VC, in a prepared statement. “Our German casino business remained resilient, and we have diversified into new product and markets.”