Leisure & Gaming plc
29 September 2006


29th September 2006

Leisure & Gaming plc (the 'Company')

Director's dealings


The Company has received notification that Mr P.H. Parker, Non-Executive
Chairman of the Company, acquired on 28 September 69,440 ordinary shares of 25p
each at a price of 35.75 pence per share. Following this acquisition, Mr. Parker
is interested in 112,167 ordinary shares representing approximately 0.2% of the
Company's issued share capital.


Enquiries:

Josh Joshi, Chief Financial Officer Tel: 0207 248 0802
Leisure & Gaming plc

Looking at the share price today it's 1-0 to the rednecks unfortunately !!

;o)

Has anyone out there heard the rumour that a number of Internet Gaming firms are
going to protest to the W.T.O. in November, that this Bill is unlawful and try to get it overturned? Be great if they could!

Not heard the rumour but as you say be great if it was overturned.! However, if it was, I wonder how quickly LNG and the others could get up and running again in the US ?

yes i've heard the rumour and it has a good chance of succeeeding...Bush is history anyway

massive buying today

Yep.. looks good. However, I still have a long way to go to break even.. I was one of the idiots who bought in @38p just b4 the sp crash due to the US ban

From reuters; could get interesting here:


UK's Leisure & Gaming jumps on growth, bid talk
Thu Mar 22, 2007 3:01 PM BST
Email This Article | Print This Article | RSS [-] Text [+] By Marc Jones

LONDON, March 22 (Reuters) - Shares in online gaming and Italian betting shop operator Leisure & Gaming Plc (LNG.L: Quote, Profile , Research) jumped 22 percent on Thursday after it said trading was ahead of its forecasts and analysts earmarked it as a potential takeover target.

Leisure & Gaming, which saw most of its business wiped out virtually overnight last year when the U.S. government effectively outlawed Internet gambling, said trading from the remaining business, mainly franchised betting shops in Italy, was better than expected.

"Trading in 2007 to 12 March has been strong and ahead of management expectations," it said in a statement.


Shares in the firm, which lost almost 90 percent of their value after the U.S. ban, rose 22 percent to 12-1/2 pence by 1415 GMT. They rose as high as 13p, their highest since early January but still well below last year's peaks above 160p.

Analysts said the firm was set to see growth again now the dust had settled in the aftermath of the U.S. problems, while it was also a takeover candidate partly because of the stock's low multiple against forecast earnings per share.

"Online gambling is growing very strongly and the 2007 P/E of less than five times is well below the peer group and does not reflect the restored balance sheet, good growth prospects or likelihood of M&A activity in the sector," said Edison analyst Jane Anscombe.

Chief Executive Henry Birch told Reuters the firm's Italian presence had attracted interest from bigger players looking to push into Italy after the European Court of Justice ruled the country should open up its gambling sector.
I think I'd be lying if people hadn't been looking at us but if you look at these companies like Ladbrokes (LAD.L: Quote, Profile , Research) and William Hill (WMH.L: Quote, Profile , Research) throwing a lot of money at the Italian market and you look at us with 1000 shops and a market cap of 7 to 8 million pounds, you have to think there is something kind of wrong."

"From our point of view we don't really want to sell the company before we have realised some more value in it."

Henry said the firm was also looking to Romania, Spain and other emerging markets.

"Our model in is to roll out into other emerging markets. From a regulatory perspective there is pressure from the EU for countries to open up their betting markets ... In Spain we are in talks at the moment."


Reuters 2007. All Rights Reserved. | Learn more about Reuters

Quite a fascinating sector at the moment and now the dust has begun to settle, I am interested enough to have a small punt on L&G. I particularly like the strong growth demonstrated by Leisure & Gaming in spite of the devastating US Bill. Obviously the company have a proven business model with Betshop and I have little doubt it will work in the rest of Europe when those countries are forced to abandon their own national gambling monopolies:

From L&G Results

"Equally, the European Court of Justice's ruling on 6 March 2007 in the Placanica
case provides even greater and more immediate pressure on those countries
currently protecting their own national gambling monopolies and preventing
competition. While the timetable is uncertain, we see a regulated and open
European gambling market as inevitable and are encouraged by signs that the path
to its conclusion is gathering pace."

Tiddler share price tends to rely upon news flow to a certain degree and as L&G diversify and expand I expect regular updates between the usual trading statements, results and statutory announcments to stimulate demand.

Of course there is always the possibilty of the company being subject to a take-over bid as the sector inevitably consolidates.

pth

LNG above 20p on Monday no probs..

Now heading towards 25p.

Good. Then need it to get to 40p+ to get into profit....

Should be there by the time the interims are announced.

there seems to be a lot of activity at the moment on this stock. I am tempted to buy into this one and have a punt. I have been watching this stock over the last few days. Could have bought this morn at 21.5p then the stock went up to .235 to buy then at close it has dropped back. I may buy 20,000 tomorrow. Let see what tomorrow brings. could be tempted tomorrow. good look all.