ENTAIN PLC 
By 25 January 2013
Trading UpdateInterim Dividend
GVC Holdings PLC (AIM:GVC), a leading provider of B2B and B2C services to the online gaming and sports betting markets, is pleased to provide the following trading update for the year ended 31 December 2012.
Trading update - Six months from 1 July 2012 to 31 December 2012
REVENUES
The average daily net revenues attributable to GVC in the six months to 31 December 2012 were €166.4k, 8% higher than the comparable period in 2011.
| (in €000's) | Q3-'11 | Q4-'11 | Q1-'12 | Q2-'12 | Q3-'12 | Q4-'12 |
| B2B | 14.5 | 52.1 | 52.5 | 56.6 | 55.1 | 68.4 |
| B2C | 108.9 | 106.0 | 101.6 | 109.2 | 99.2 | 110.0 |
| Total | 123.4 | 158.1 | 154.1 | 165.8 | 154.3 | 178.4 |
January has started encouragingly with daily revenues for the first 21 days of January 2013 of €189.0k, 24% ahead of the corresponding period in 2012.
FURTHER COMMENT ABOUT B2B
The B2B division has now been running for just over a year. On 21 November 2011 East Pioneer Corporation BV ("EPC"), a third party company, acquired Sportingbet plc's Turkish language business, Superbahis. This was contemporaneous with GVC entering into a contract with EPC to provide B2B services.
The revenues for the B2B division are net of the deferred consideration owing by EPC to Sportingbet plc which directly reduces GVC's revenue share under its service contract with EPC.
In the year ended 31 December 2012, the total deferred consideration payable to Sportingbet plc was €27.3 million. In the last quarter alone however it totalled €8.42 million, an increase of 50% on the first quarter. The analysis of this by quarter is shown below.
| (in €millions) | Q1-'12 | Q2-'12 | Q3-'12 | Q4-'12 | 2012 Total |
| Revenue share | 5.62 | 6.72 | 6.54 | 8.42 | 27.3 |
SPORTS GROSS MARGIN
The sports margin for the six months to 31 December 2012 was 11.4% compared to 11.1% in the comparable period in 2011.
The figures per quarter were:
| Q3-'11 | Q4-'11 | Q1-'12 | Q2-'12 | Q3-'12 | Q4-'12 | |
| B2B | 10.5% | 11.4% | 12.3% | 11.1% | 10.8% | 12.5% |
| B2C | 12.8% | 8.3% | 7.3% | 8.7% | 7.5% | 10.7% |
| Total | 11.4% | 11.0% | 12.0% | 10.8% | 10.4% | 12.3% |
INTERIM DIVIDEND
Further to the interim results released on 19 September 2012 at which the Group declared an interim dividend of 15€ cents per share paid to shareholders on 2 November 2012, GVC today announces a second interim dividend of 7€ cents per share, payable to Shareholders on the Register as at Friday 22 February 2013 will be paid to Shareholders on Friday 1 March 2013. GVC's Ordinary Shares will go ex-dividend on Wednesday 20 February 2013.
Kenneth Alexander, Chief Executive Officer of GVC Holdings plc, said: "GVC traded strongly throughout 2012. January 2013 has started encouragingly with average revenues per day of €189.0k for the first 21 days, 24% ahead of the corresponding period in 2012.
"The Board is pleased with the overall performance of the Group and its confidence is reflected in the second interim dividend that it has announced today.
"The amounts of deferred consideration payable to Sportingbet in relation to the Superbahis business were in 2012 €27.3 million and therefore highly material for the Group. Should the acquisition of Sportingbet proceed, the mitigation of deferred consideration payable should be transformational for GVC."
For further information:
| GVC Holdings PLC | |
| Kenneth Alexander, Chief Executive Officer | Tel: +44 (0) 20 7398 7702 |
| Richard Cooper, Group Finance Director | www.gvc-plc.com |
| Daniel Stewart & Company Plc | Tel: +44 (0) 20 7776 6550 |
| David Hart / Paul Shackleton / James Felix | www.danielstewart.co.uk |
Media enquiries:
| Abchurch | |
| Henry Harrison-Topham / Shabnam Bashir | Tel: +44 (0) 20 7398 7702 |
About GVC Holdings PLC
GVC Holdings PLC is a leading provider of B2B and B2C services to the online gaming and sports betting markets. The Group is headquartered in the Isle of Man and is licensed in Malta, and the Netherlands Antilles.
Further information on the Group is available at www.gvc-plc.com
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