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German Online Casinos Q3 Results

The online casino gambling industry is still relatively uncertain – the country is in negotiations with the European Commission concerning exclusionary legislation that affects the entire European online casino gambling industry. Germany’s Gaming VC has reported great results for the third quarter of 2007, but is planning to expand in the coming year as a way to guarantee continued growth if the German government does alter its current online casinos legislation.

Gaming VC is a top name in the German gambling industry and operates several successful sites and brands. The online casinos company announced it recently acquired a Maltese gambling license – this is a part of the company’s plans for 2008. With a Maltese gambling license, Gaming VC is much safer from the whims of the German government. The company also announced that it will now begin to transfer its large German player base over to Maltese licensed online casino sites in the coming months.

Additionally, the online casino released predictions in the third quarter report that indicate that Gaming VC believes it is on the right track toward continuing to increase company revenues in the fourth quarter and beyond. The company’s current online casinos sites made for a successful third quarter with new player accounts increased by 24 percent, and gross wins also up at the end of the quarter. The company operates three popular sites: Casino Club, Casinos Club Poker, and Betaland.

All in all, the company’s third quarter report concluded with positive predictions for the full year report which will be released by June 2008. The company anticipates coming in above the online casinos management forecasts.