Gaming VC half year results better than expected

July 16, 2008

Online gaming operator Gaming VC Holdings, which includes online bingo games website Wizbingo in its stable of gaming brands, says its first six month results for the 2008 financial year hasexceeded expectations. The company attributed the favourable results to its German casino business.

Kenneth Alexander, CEO at Gaming VC said of the results: "The results of the first half demonstrate the continued growth of the business. This is despite the expected adverse effects of Euro 2008 on the Casino and Poker business. I am delighted with the initial performance of our customer service centre, which we expect to have a positive impact on the Group's results in the second half of the year. I am confident that growth will continue as we diversify our services and expand our reach into new international territories. "

The online bingo industry is expected to grow throughout the rest of 2008 with bingo online pundits predicting the sector may account for as much as 25% of the worldwide online gaming industry by 2012.

Written by John Witherspoon – Need the best online bingo games? BingoStreet.com collected the best online bingo promotions and free bingo games online.

To read previous news please check out our bingo news archive.

To subscribe to our RSS feed and recieve the news daily please click the button: