Online Casino Firm Pushes for EU Expansion
By Miriam H
Online casino and poker firm Gaming VC Holdings SA, operator of the Casino Club, an online casino well-known in German-speaking markets, has announced that although 2006 was a 'challenging' year for the company, it is still keen to forge ahead with plans to expand outside of Germany.

Despite pre-tax profit for the period ending December 31,2006 standing at a disappointing €4.4 million, compared to €12.8 million a year earlier, 2007’s first quarter has met the company’s expectations.

The company’s development plans include bidding for new gaming licences throughout the EU, including securing a gaming licence in Italy in its second quarter, switching from direct mail to online marketing to increase its market presence, and plans to increase the overall group tax charge from a current base level of 2 percent of operating profits to about 10 percent by 2008.

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