Up nearlly 15% today and I beleive there could be more to come.

Evil Knievil has tipped it on EvilCast and has bought in 100,000 worth of stock a notifiable interest. He rates the management very highly and says they are attracting all the big bookmakers to the online casino site including punters the likes of William Hill, Chandler, and Ladbrokes. The company are now running at a profit every month and should break into a yearly profit from the years previous loss very soon. The company also ownes in partnership with a Swiss firm Boss another casino site and by all accounts that is doing well.

Im looking at this one as a momentum play pretty high risk as there are competitors out there but I feel the management will give it the edge.

Please DYOR, and remember you are responsible for your own buying and selling actions.

cheers GF.

SD see the Warthog thread. TGTL bought the Warthog company (WHOG) which is a games producer. Are you "mature" enough to remember the PC Lemmings games?? Made by Warthog back in the early nineties. However, the Gizmondo is far more than a games console, too much to mention here.

A positive start to this weeks trading for GMC

Brought into this one yesterday speculating about the contract with orange. The potential revenue from that is massive. Anybody know when its likely to be announced or have just been taught another harsh lesson of the whims of the market?

Big Player waiting in the wings gently nibbling at the 13.5p trades building up a large buy. GMC figures due soon early may and revenue will be impressive. Orange deal reported last weekened in the Independent as being imminent so the company may report then release.

I thought results were due April 14.

You may be right sorry! Does anyone have the latest Hitwise rankings. The On line gaming industry is getting a lot of press over the weekend but no specific mention about GMC. Betfair seems to be all the talk.

When the press is full of it, the news is fully in the price and it's time to take profits.

Dogfucius, he say.

SD In fact, there was a great deal of press a month or so ago and the GMC price ran up to 20p+ only to come back on profit taking and a share placing that is at least providing a support level. Given the astronomic price quoted for Betfair, GMC seems a much more attractive entry into the market. The Orange deal should take it higher; can't think its in the price. Also, in the last month, we have had the games launch which is particularly relevant to the US market and the appointment of a Canadian based advisor. They now have the cash for acquisitions. There is likely, IMHO, to be another bull run, perhaps on results or investment discussion of alternatives to Betfair. Looks like a one way bet! I expect dogs are more likely to gambol though than gamble!

Eric

When it comes to gambling shares I stick firmly to White City - I like to see the rabbit. I'm not in NLR, GMC or Sportingbet or any others - I have to limit the sectors I track somehow.

Good luck, but my instinct says when the market turns later this year the high flyers may catch cold most severely. Be ready to take profits.

SD

Sell in May and go away-come back on St Leger Day--YES??

This has been copied from the investors room epic SBT


Big rewards, big risks in poker deal
27 March 2005

ONLINE poker is a red-hot sector for investors. The possible flotations this year of Party Gaming - the company behind the world's most popular poker website - and internet casino owner Cassava have captured the imagination.

Party Gaming, which owns the Party Poker site, could boast a price tag of 3bn, enough to see it into the FTSE 100 index of blue-chip companies.

Fuelled by lottery-style jackpots offered via online tournaments, the global online poker market is enjoying spectacular growth. It was worth 318m in 2003, 750m last year and is expected to be 1.2bn in 2005. Operators take a cut from each pot, known as the rake. So the more poker hands played, the greater the profit.

A leading UK-listed operator offering excellent exposure to all this action is Sportingbet. It was a large, unloved sports bookmaker until last year's 169m purchase of Paradise Poker.

That transformed Sportingbet, led by chief executive Nigel Payne, adding 775,000 new customers, taking its total to 2.2m, while providing a kicker to the shares. Like its new owner, Paradise's main market is America, where nearly three-quarters of its player base comes from.

Paradise is ranked four in the world but should benefit from being the only live poker site with a sports betting operation. Over time that should also help to protect Paradise's margins, currently a mind-boggling 64%. By contrast the sports betting side has much lower margins - about 5%. Analysts reckon Paradise's profits will overtake those of Sportingbet's core business by next year.

Midas verdict: This is a tough call. The main risk is regulatory. Online poker's legal status in the US is unclear. Some law-makers argue it is a game of skill and should not be legislated like other gaming. But the Justice Department sees it as a game of chance and has stymied efforts to licence internet poker, arguing it violates several federal laws, including the 1961 Wire Act.

Sportingbet is also exposed to the weak dollar and there is also the risk that online poker may be just a passing fad. Sportingbet's shares have had a tremendous run, touching 349p this month before retreating to 271p as profit-takers moved in. But with brokers forecasting pre-tax profits this year of 53m rising to 78.5m in 2006, the stock trades on an undemanding price to earnings ratio of 20 dropping to 15. Having fallen by more than a third from their recent peak, we see an opportunity to invest and recommend a speculative buy

forgot the link

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/03/27/ccbreak27.xml

and another one
http://www.thisismoney.com/news/columnists/article.html?in_article_id=399226&in_page_id=19

Thanks Bankone--this seems a long term hold then as it's in the red hot sector.

I got this from the other place. Interesting read.

Hi guys!

Just found this over at eGaming Review (www.egrmagazine.com).
Haven't seen it mentioned anywhere else, so not sure how
reliable the source is, but it does look *VERY* encouraging.

If Orange are going to launch their casino in April, I'd expect
to hear a formal announcement on the deal from GMC before
the end of the week.

The future is bright...!

-----------------------------------------------------------------------------------

Posted: 24/3/2005

Orange to break egaming cherry with Gaming Corp

UK mobile network operator Orange is taking its first steps
into egaming with the launch of a casino.co.uk-branded
mobile casino through its Orange World portal in April.
The mobile casino games will be run through a revenue
share deal between Orange and publicly listed egaming
firm Gaming Corporation.

Users will be able to play for free before upgrading to a
real-money account, and there is expected to be a small
network charge.

Portal operator Gaming Corporation announced in early
March it was in advanced negotiations with mobile network
operators in the UK over the supply of mobile casino games.

Justin Drummond, chief executive of Gaming Corporation,
would not comment on the Orange deal, but said the firms
mobile casino was now fully operational.

We have a very impressive product with a full suite of games
that work on practically every Java handset in the UK, Drummond
said.

Gaming Corporation's core business is its popular casino.co.uk
site, but it branched out into mobile gaming earlier this year.

The firm raised 10m through a share placing to fund the mobile
development, and is also belived to be looking at acquisitions
in the poker sector.

Mobile phone casino gaming is tipped to be 2005s big growth
area, and UK operators have already invested heavily in the
technology.

William Hill and Ladbrokes, the UKs two largest boomkakers,
have both launched their mobile casinos, developed by Boss
Media and Microgaming-backed Spin3 respectively.

The UKs other big network operators, O2, Vodafone and
T-Mobile, are expected to launch mobile casinos later this
year.

-----------------------------------------------------------------------------------

Excellent post and excellent news, perhaps GMC were going to save the announcement to coincide with their results in early April - but it looks like Orange have announced it for them. Good News to all those who hold or those who wish to get on board. Good luck.

Good post Mickey ,looking forward to results,, im way down on these,,hoping they come back....JB..

A heck of a lot of sales this morning if good news is around the corner and I hope that it is, can anyone tell me why everyone is selling??

The whole market is down not just GMC. Maybe people are taking advantage of CGT allowances and Q2 is here.

MS

Yeah you are probably right!! On the plus side they haven't gone down..