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Lucrative Results Report

Gaming GV has turned in a positive H1 report – profits are on the rise and the online casino gambling group is keeping up with the surges in the industry. The internet gambling industry is in an expansion period (this expansion is extensively covered in previous GambleCraft news reports), but suffice to say that the majority of online casinos have performed well this year and are generating increased profits by moving into new and emerging markets.

Gaming VC reported that pretax profits for the first half of the year are up a huge 23 percent from the same period last year. Gaming VC operates primarily in the European online casino gambling market and interestingly continues to offer gambling products to the German market. Not all internet casinos and betting companies are currently offering services to German players because of the German restrictions on foreign gambling sites. Gaming VC, however, continues to benefit from German gamblers.

Another very positive part of the H1 report is the announcement that gross profits came in at Euro 21 million for the first half of the year – this is a 30 percent increase over H1 2007. Additionally, Gaming VC announced some new product releases are in store for the European online casino gambling industry. Gaming VC will launch two new casino brands as well as new sportsbetting features for its current sportsbetting product. The company is looking to continuing building profits from the European market by expansions into online gambling and gaming opportunities in Spain and Italy specifically.