GVC Holdings PLC - Bringing innovation, excitement and integrity to online gaming.

PRESS RELEASE

Interim Results

28 September 2009

Gaming VC Holdings S.A., (AIM:GVC) a leading European online gaming company, today announces its interim results for the six months ended 30 June 2009.  

Interim Highlights

• Net Gaming Revenue ("NGR") of €26.5 million, up €2.5 million (10%) on H2-08 and €0.4 million on H1-08
• Gross profits increased 4.4% to €22.0 million (H1-08: €21.1 million)
• Clean EBITDA* up to €8.9 million from €8.7 million in H2-08
• Basic earnings per share of €0.26 (H1-08: €0.33)
• Interim dividend per share of €0.20 unchanged, and payable on 6 November 2009
• Net cash resources increased to €20.8 million, equivalent to approximately 60p per share

* before share option charges and exceptional items

Q3 2009 Highlights

• Entered South American market with acquisition of betboo.com for €3 million
• Proposed redomiciliation of the Group from Luxembourg to the Isle of Man

Commenting on the results, Kenneth Alexander, Chief Executive of Gaming VC, said: "I am pleased to report that, despite the challenging economic conditions, we have achieved a strong set of interim results including improvements in both Net Gaming Revenue and gross profit compared to the same period last year, and more importantly to the second-half of 2008. Our strategy of geographic diversification continues and has been underpinned by our move into South America through the completion of our acquisition of betboo.com. I am encouraged with current trading in the third quarter and remain confident about our prospects for the second half of the year."

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