Gambling News

GVC helped by emerging markets; QuickFire lends itself to 10Bet.com; Frelix appoint new director

GVC Holdings results

GVC Holdings resultsGaming VC (GVC)’s impressive performance in emerging markets has seen the company record an 8% increase in net gaming revenue (NGR). Betboo, the company’s brand in emerging markets, achieved strong NGR growth of 147.6% compared with H1 2010. One of the company’s other brands, Betaland, didn’t fare so well. After benefiting from the World Cup in 2010, this year’s figures were down 13.9% year-on-year. Comparing it to non-World Cup periods, such as H2 2010 and H2 2009, the €10.5m NGR was still above those two periods.

Operations in the German online gaming industry are a big part of GVC’s business. In light of this they will issue further statements on their position after the German lander meet on 18th August. They also reported there have been no further developments in the Boss Media case.

Microgaming powered casino QuickFire has announced a deal to provide 10Bet.com with its casino product. The Isle of Man sportsbook will be able to offer their customers over 250 of Microgaming’s titles without the need for extensive back-office support.

Nicole Kalcheva, Head of Casino at 10Bet.com commented, “When looking for a provider to help us expand our casino offering, QuickFire’s seamless integration process and market leading content made them the perfect choice. Microgaming is known throughout the industry for high quality, unique games, so we are delighted to be able to offer these to our players through QuickFire.”

On the gaming industry job front, Lee Knott has been appointed new Commercial Director at Frelix Entertainment. Knott joins the firm after he successfully ran in-house brands at GTECH G2 for two years and has held a number of senior management roles in the gaming industry. Frelix are best known as running the OnlineBingo.eu and WinaGames.com brands. Knott will be responsible for the growth of the OnlineBingo.eu brand and launching WinaGames.com in various markets.