Gaming VC Projects 6-Month Trading Ahead Of Expectations

Online gambling company Gaming VC has released a 6 month trading prediction revealing numbers to be ahead of expectations. The casino revenue has followed in line with projections, announcing they are confident the core German business will perform ahead of market expectations for 2007.

For the 6 months leading up to June 30, 2007, new registrations are significantly higher at 53,200 over last year's June 30 registrants of 26,900 - a 98% increase since 2006. The company's unaudited net revenue is also up 4.3% from the same 6 month period last year, totalling Euro 22 million this 6 month period.

After renegotiating their German market software license with Boss Media, Gaming VC expects a annual cost savings of Euro 2 million with present activity levels. The company intends to initiate a Maltese gaming license no later than the third quarter of 2007, and hopes to finalize the acquisition of an Italian horse racing and sports book license before the start of the 2007/2008 Italian football season.