Gaming VC, the Maltese-licensed gaming firm, has posted robust results for the first half of 2007. Gross win for poker was €1.4 million to June 2007, up from €1.15 in the same period in 2006. To the end of November 2007, poker gross win was €2.9 million, up from €1.9 million in the same period of 2006.
In the first half 2007, the company received 19,772 registrations, up more than 100 percent on the same period in 2006 when just over 9,000 people registered. Depositing customers grew to 11,513 from 2,759 in the first half of 2006.
Daily average revenue was in the first half of 2007 was €8,300, up from €3,600 in the same period of 2006.
Kenneth Alexander, chief executive of Gaming VC, said, "Securing the Maltese license and moving our core business there positions Gaming VC well to reduce legislative risk to its operations in Germany and to provide an additional platform to expand our business. We continue to believe that our year-end profits will be slightly ahead of market expectations and are confident that the business will continue to grow and diversify away from its core German business during 2008."
Overall, the company's turnover increased 3.8 percent to €22.0 million, up from €21.2 million in the six months to June 2006.
