Gaming VC full-year profits down 18%

graphLuxembourg-based online gaming company Gaming VC Holdings SA has posted an 18 per cent drop in full-year pre-tax profit for 2009. CEO Kenneth Alexander suggested that a difficult economic climate and the purchase of South American gaming company Betboo have impacted profits, but remains “cautiously optimistic” after revenues rose 7.7% to €54 million last year – even if first quarter revenue has also fallen. Read more.