Bought in this morning. Potential too good to ignore! (imho)

Highlights from last set of results :

- turnover increased to 8.85 million (H1 2005: 1.66 million) with an EBITDA
loss of 0.77 million

- John Heaton, former Chief Executive of the Tote, appointed as Chief
Executive Officer

- new Orbis back end software platform implementation complete

- redesigned websites launched for PremierBet and Heathorns

- PremierBet Casino launched

- over 5 million of bets taken over the World Cup with new registrations
increasing threefold, returning an 8% gross profit margin

strong current trading, Group expected to be profitable at the EBITDA level
in Q3 2006

Arbuthnot Securities appointed nominated adviser and broker to the Company
with immediate effect


Current trading and prospects

Our investment in operational infrastructure is substantially complete and we
are already seeing the positive effects of this. Key performance points since
the end of the interim period include:

- excellent World Cup taking in excess of 5 million in bets, returning a
gross profit margin of over 8%

- new registrations increased threefold over the World Cup season

- expected to be profitable at the EBITDA level in Q3



The functionality of the OpenBet system allows rapid building and integration of
new Sportsbook and Casino websites which provides IGH with a competitive
advantage when entering discussions with third parties interested in running a
white label site. This avenue for growth is of particular interest to the Group
as it represents an opportunity to access markets in other high margin
territories that IGH is currently not operating in. These opportunities can be
exploited quickly and at relatively low cost. The creation of white label deals
increases the Groups customer database and subsequently increases marketing
opportunities.

rumour it is now a take-over target

where did that rumour come from