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.

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..

Oh don't.

LOL

MS

Whose warrants are these I thought there was an undertaking from the board not to dispose of any warrants for at least 12 months. How often is this type of dilution going to take place. Can anyone say how many warrants other than those declared when the 71.5 million shares were placed are available to unknown persons.

En route Northwards daytraders - SELL at your peril the T10 will kick in tomorrow onwards for the figures so Don't let you shares go CHEAP. IMHO, DYOR and of course Sell if you want to.

From the other place.

Taaa daaahhh!! Cop a load of this! If this ain't good news, then I'm a banana!

The Hitwise Top 10 "Entertainment - Gambling" sites for the week ending March 26, 2005 (based on visits):

United Kingdom

1. (19.35%) Casino.co.uk - http://www.casino.co.uk
2. (12.66%) Betfair - http://www.betfair.com
3. (6.57%) William Hill Sportsbook - http://www.willhill.com
4. (6.56%) Ladbrokes.com - http://www.ladbrokes.com
5. (4.88%) RacingPost.co.uk - http://www.racingpost.co.uk
6. (3.90%) National Lottery - http://www.national-lottery.co.uk
7. (3.57%) JackpotJoy.com - http://www.jackpotjoy.com
8. (2.14%) Ladbrokes Casino - http://www.ladbrokescasino.com
9. (1.96%) Bet365 - http://www.bet365.com
10. (1.94%) Cyber Slotz - http://www.cyberslotz.co.uk

Not my posting but I think he's right.

We have had just over a month of consolidation with most days being very quite
with regards volume. This is about to change, and I expect the break out to be dramatic.
Theirs several reasons for this

a) The growing strength of the 'findpoker' site.

b) Expected strong Interim figures with confirmation that the company is
currently generating big monthly profits.

c) The 10 million plus growing war chest.

d) Pre-result announcement of the Orange contract.

LOL

MS

e) Orange/GMC launch of its new mobile gaming vehicle, with national
publicity / large press articles, features. Will bring a whole new audience
wanting to invest in GMC.

f) Brokers upgrades / re-rating.

e) Further Institutional buying.

f) Stock shortage.

e) Chartwise - In a few days will be in a oversold position with the
MACD crossing.

f) Share buying ahead of the Interims (expected 14/4 following a telephone
conversation Justin Drumond said he would do his best to get them out for
then. ASAP)

Mickeyskint excellent post - good news on all fronts. The hitwise ranking of first place above Betfair is great news. There is consistency with them being place first for the passed 3 months. Perhaps Mickeyskint will start posting as Mickeyrollinginit. Interesting that you can get personal calls into/from Justin Drummond. The one concern I have is WHY the sale of the warrants at this stage - surely they would be worth considerably more after the 14th.
Plus why are BROKERS selling their shares at 14p(late trades pm30/4)
Good luck.
PS what does LOL mean (loads of Lolly?)

LOL=Lots of luck.
Looking into the warrants and trades. Keep the faith but be prepared for some possible flat lining.

LOL

MS

Hope your right Mickey , or your a banana ,im well down on these. Good post ..
.

Still nurturing fairly heavy losses with this one as I got my timing totally wrong............ but if this rise continues it wont be long before the red numbers change back into black.

Fingers crossed.

B2B