Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
Register now or login to post to this thread.

Media Corp (Gaming Corpoartion GMC)Attracting Some Big Names. (MDC)     

goldfinger - 05 Dec 2003 00:33

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.

bhunt1910 - 01 Apr 2005 12:50 - 487 of 1117

I think it has been posted previously - but it does no harm to remind us of its potential. Some good info contained within post

B

mickeyskint - 01 Apr 2005 15:09 - 488 of 1117

Up we go.

MS

g64946 - 01 Apr 2005 15:11 - 489 of 1117

Good volumes as well today

mickeyskint - 01 Apr 2005 15:21 - 490 of 1117

Next week could be very interesting.

MS

gavdfc - 01 Apr 2005 16:06 - 491 of 1117

Got this today in the March monthly email I get from Hargreaves Hale. Thought it worth posting for all you Gaming types.

Online Gaming: Will The House Continue To Win?
One of the boom stock market sectors for the last year or so has been that of the online gaming companies.
Sportingbet has emerged as the online gambling blue chip (sorry!), whose market capitalisation is now
pushing 900m at 268p the stock was less than 40p at the start of 2004. Sportingbet owns a plethora of
sportsbook and casino-related websites and its crowning glory appears to have been the October 2004
purchase of Paradise Poker for 169m. Poker sites are enjoying probably the fastest growth rates of any
species of online gambling. Sportingbet has global turnover of over $2.5bn, with over 2m customers from 180+
countries.
Another great share price success story though it took a while to get off the ground has been NETeller, the
money transfer service favoured by many online gamblers and virtually all the significant online gaming sites.
Floated at 200p in early 2004, the stock slumped to around 160p shortly after flotation, but is now capitalised at
around 700m [586p].
Others who have hit the jackpot in stockmarket terms include Cryptologic, a maker of software for casino sites,
Fun Technologies, also providing technology to online gaming providers, and the stellar recent performance of
little Gaming Corporation, a UK network of casino sites, has seen its stock sky rocket from just over 3p to 13p
in the space of a couple of weeks.
So why all the excitement about this industry? I recently attended a highly informative conference organised by
brokers Durlacher and research house Edison which featured presentations not just from some of the
companies above, but also from brokers, research analysts and lawyers who operate in this sector.
I list the following statistics from the conference which suggest that online gaming is a sector with variety of
offering and significant long-term promise.
Jane Anscombe, Edisons online gaming analyst, cited the following points and statistics:
Worldwide online gambling revenues this year will top US $10bn, growing to well over $12bn in 2006
As much as 30% to 40% of online gamblers are female
Broadband connectivity will enhance and promote the experience
Online gambling products split roughly as follows:
Sports betting 35%
Casino 35%
Poker 22%
Bingo 3%
Other 5%
Consolidation will be a key feature going forward, as the market is global and the strong continue to
expand their brand and product portfolios, using their credibility to attract bigger participation
Nigel Payne, CEO of Sportingbet, made the following points:
The global gambling market (offline, not online) is growing at between 5% and 10% per annum
On the assumption that online gambling is worth $12bn, that is only 4% of the overall market
The online market is growing at 20%+ per annum
The online market is still hugely fragmented (cf. Edisons point about consolidation above)
Mr Payne sees the industry comprising leisure online entertainment portals including casino, sports,
virtual games, poker, bingo, backgammon and fantasy games
Over 60 countries now licence the industry.
The UK is going down the route of full regulation and a Gambling Act should impact soon
The question of law and regulation is key to understanding this sector. In terms of legalisation and regulation
of online gambling the UK is considered a (if not the) world leader. According to Tony Coles of Jeffrey Green
Russell solicitors, it is legal to locate, operate and promote online betting in the UK (subject to UK betting duty
and taxes). It is not yet possible to operate online gaming using servers located in the UK, but it is legal for UK
HH Ltd Monthly Newsletter 5 March 2005
citizens to participate and for offshore operators to promote their services (without incurring UK tax
liabilities). The Gambling Bill currently in the House of Lords proposes to regulate remote gaming in the UK for
the first time, and to liberalise the promotion of UK licensed online gambling services, but to bring those
services into the UK tax net (at a rate which is currently not known).
The big question mark overhanging the industry is clearly the US position on online gambling. Except internet
horse racing, the US does not regulate the industry and US citizens are technically banned (under the 1961
Wire Act) from gambling online, as online operators are banned from setting up shop on US territory. Whether
or not the supplier is based in a regulated overseas territory is deemed to be irrelevant.
A recent attempt by the State of North Dakota to legalise and regulate online gambling was thrown out by
Federal-level authorities, suggesting that the status quo for US online gaming will hold good for a while at
least. The whole area is a red hot political potato US Senators are under a lot of pressure from conservative
interest groups to keep the ban going. Many industry commentators think this is unlikely to change at least
short-term, although there would be a substantial tax incentive for the US government, argue the reformers. It
is worth noting that market fears about a liberalisation have hit sentiment particularly in NETeller, which is seen
by some as heavily dependent on US-based customers and therefore highly vulnerable to new competitive
threats in such a scenario. NETeller bulls counter that its substantial head start and customer base makes it a
juicy acquisition target for new US entrants. Interesting!
The other risks to the sector include money laundering (although bets are small ticket items) and computer
hacking (a perennial issue for any internet-based business), which prospective investors should bear in mind.
The sector, however, continues to thrive in stockmarket terms and observers widely expect a major new
addition this year of PartyGaming (with its Party Poker site), with a valuation mooted by some to be around
3bn.
Have the best of the early gains been made? Probably. But is this sector a flash in the pan? I do not think so.
We have seen the market share of online versus offline gambling is still very small. Ask internet gamers what
motivates them and you will hear fun, convenience, and variety among other things.
In summary, the instinct to gamble is ingrained into human nature this drive is now being exploited through
one of the most powerful and compelling distribution channels in history the Internet. I personally believe there
is much more to go for in this space.
The companies mentioned within the text of this section are categorised as either smaller or AIM listed
companies and should be considered as higher risk investments.
Guy Feld, March 2005
Company Bid Offer
Cryptologic Inc 1550p 1595p
Fun Technologies Plc Ord 5p 205p 210p
Gaming Corp Plc Ord 1p 13.5p 14p
Neteller Plc Ord 0.01p 603p 608p
Sportingbet Plc Ord 0.1p 265p 268p
*Data source is Global Topic 30/03/05

moneyplus - 01 Apr 2005 16:15 - 492 of 1117

GAVDFC--thanks for the post--very encouraging this will be a multi bagger I'm sure!

mickeyskint - 01 Apr 2005 16:22 - 493 of 1117

Good post Gav, thanks for that.

MS

gavdfc - 01 Apr 2005 16:29 - 494 of 1117

You're welcome guys. Hope it is of some interest and you get your multi baggers! Certainly is an interesting sector and one that I've really just watched from the sidelines.

BANKONE - 01 Apr 2005 19:28 - 495 of 1117

Sorry I'm late with this BUT what an excellent piece of NEWS gavdc. Do you think it is conceivable that if GMC's 3p to now 15.5rise (500% rise approx) compared to SportingBets 40p to 268p (670% rise)would kick start at 14p the price the institutions got in it - multiply that 14p by 500% gives us a ballpark figure of 70p for GMC Not far away from EK 60p forecast. We could all own our own Casinos. In this for at least 2 years. A 19% (Hitwise ranking) slice of the $12bn is $2.4bn what price would that make GMC. Pinch me to see if I'm awake. Planning the Carribean holidays,the Porsches and the fast women already. Check in again on Monday Good luck to all.

BANKONE - 01 Apr 2005 19:50 - 496 of 1117

Goldfinger do you think you could please edit your initial post at the head of this page so that with the graphs below if its not too much trouble so that we can see the charts when the Post is opened.
graph.php?enableFastStochastic=true&show

BANKONE - 02 Apr 2005 23:11 - 497 of 1117

Some good articles appearing on e-gaming. Channel 4 teletext p508.

The Graph above showing the trades confirms that the Buyers control this market so sell at your peril. Big move Northwards anticipated next week

BANKONE - 03 Apr 2005 12:21 - 498 of 1117

There is the possibility that there will be some news filtering through imminently (Monday) from the Government relating to the Gaming Act which may be of benefit to GMC and other online companies - MAYBE, JUST MAYBE THAT IS WHY THERE WAS THE ACTIVITY IN RESPECT OF THIS SHARE ON FRIDAY.

mickeyskint - 04 Apr 2005 12:14 - 499 of 1117

Make of this what you will. From the other board.

Hi,

I understand that Gaming Corporation will give a detailed update on operations with the interims, far more detailed than has been the norm with the company. Why talk when theres not much to talk about? There has been so much happening that now is the time to talk.

It will be interesting to see the margin on Gross Profit. In H2 of 2004 turnover rose 34.28% from H1, but the gross margin rose to 8.17% from 4.7% in H1. This is an increase of 131.7% on a rise of 344,880.

The actual operations of Gaming Corp have remained the same as the previous year, but the margin on gross profit should be up strongly too. Im not expecting a rise of 131.7% again, but surely 50% is not unrealistic. Therefore the gross profit margin could possibly be around 12.25%.

I observed that admin expenses rose in H2 of 2004 by 448,613, but perhaps costs are weighted to the second half?

Turnover will be up substantially in H2 of 2005, I think to 20 million, which would be turnover of 30 million for 2005.

IMO the shares remain cheap.

Best Wishes,

Mr K

mickeyskint - 04 Apr 2005 12:16 - 500 of 1117

And again.

Hi,

Whilst Im posting prolifically it is worth considering that the cash backing of Gaming Corporation is equivalent to roughly 4.3p/share. This figure currently represents just over 28% of the market capitalisation.

Best Wishes,

Mr K

mickeyskint - 04 Apr 2005 12:19 - 501 of 1117

A lot of info about today.

Online flutters fuel new dotcom boom

The tech sector is on the rise again - this time led by websites offering rich pickings to the internet gambler

Nick Mathiason Sunday April 3, 2005 The Observer

Dotcom frenzy is back. Blue-chip investment banks are queuing up to explore multibillion-pound flotation opportunities and investors are chomping at the bit to back technology businesses.

Five years after the dotcom bubble burst, a new breed of internet firms is set to storm markets.

There is, though, one big difference from the last bubble. These e-businesses are from one specific sector - gambling. They are based almost without exception in tax havens and are wildly profitable. What's more, they are only at the foothills of a growth curve that could soar, over the next five years, to unimaginable heights.

The City''s love affair with internet gambling began last January. Then Party Gaming, which owns Partypoker.com the world''s biggest internet poker firm with 5 million registered users and a 55 per cent
market share - intimated it was looking to float. Based in Gibraltar, it is expected to issue shares in May creating a ?3 billion public company and, in one leap, enter the FTSE 100.

Its four owners - all in their thirties - include the former internet porn businesswoman, Ruth Parasol. Between them they stand to share well over ?1bn, depending on how much they intend to plough back into
the business.

Party Gaming is likely to be the first major internet business to float. Snapping at its heels will be Cassava Enterprises, which owns another poker site, 888.com, and could raise close to ?1bn. It is owned by two Israelis and is again based in Gibraltar, escaping tax.

The firm has Credit Suisse First Boston advising it and Cassava''s management believes the presence of so-called bulge-bracket banks in the sector shows internet gambling has come of age.

Meanwhile it emerged last weekend that Betfair, the betting exchange that allows allows punters to be bookies, has hired NM Rothschild to advise it. Betfair is the gambling business success story of the
decade, the the Ebay of its field.

While many see its move to hire Rothschilds as a precursor to a float that could see its founders - ex-City trader Andrew Black and former investment banker Edward Wray - share a ?700 million windfall, most gambling industry experts believes there needs to be more certainty over its potential tax liabilities before this can happen. The Treasury is currently exploring whether to tax those who lay a
bet with it in the same way that high street bookies are taxed. This would dramatically undermine its appeal to punters.

But as a measure of how powerful internet gambling can be, Sportingbet last year paid $297m (?156m) for rival website Paradise Poker. The move saw its share price double.

The electronic gambling bandwagon could still have a long way to go. There are two new frontiers. The first is China. The rocketing growth of Macau as a casino destination has internet gambling bosses
drooling. The tiny enclave on the south-eastern coast is only a 90-minute boat trip from Hong Kong.

The Chinese have taken to gambling with gusto. It is said that the ?100m investment stumped up by billionaire Sheldon Adelson in the Macau Sands casino has been paid back almost within a year of
opening. He now plans to recreate the Las Vegas strip in Macau.

Just 6 per cent of the Chinese population has access to the internet, but as technology spreads so the numbers tempted to gamble will spiral.

China is currently cracking down on illegal operators and is concerned at losing money from cross-border casinos. Despite this, representatives of the leading operators are all in regular contact with Chinese authorities. Progress is slow, but one boss of a leading poker site said they were prepared to operate under a
heavy tax environment because the volume of trade would be immense. Another says: ''There will be relaxation. It will be gradual. It will be masterminded by the authorities. We''d obviously like the pace
to be quicker.''

The second frontier is America, although there are huge legal hurdles to overcome. The US attorney-general has said internet gambling businesses taking cash from American citizens is against the law. If
internet firms open businesses in America they will be arrested. But this does not stop most companies taking cash off American internet poker players.

The industry appears to be playing a high-risk game of ''chicken'' with the US authorities. At any stage they could act against internet gaming firms. But since a number of major US banks are advising internet firms on the potential to float in London, the US could be forced to clarify its position.

The British government, meanwhile, wants the UK to be the world''s hub for internet gambling. It wants to tempt businesses who pay no tax in Gibraltar back to Britain, in return for a kite mark that will act as a confidence boosting measure for punters. The current Gambling Bill would regulate internet gambling for the first time, bringing it under the auspices of a new Gambling Commission.

If the bill is passed, the Treasury would then create a tax environment for businesses which currently pay no tax. To get them onshore, this would have to be less than 5 per cent.

In return, the government would get employment, corporation tax and VAT. Whether this would be enough to tempt what is
still regarded as a shady industry onshore is still unclear.

bhunt1910 - 05 Apr 2005 07:27 - 502 of 1117

This news just in should kick start the day !!



Gaming Corporation PLC


Gaming Corporation plc, the owner of the UK's number 1 gaming website

www.casino.co.uk,
announces that it has signed a contract with Orange, to launch
a fully interactive mobile cash gaming service on the Orange World WAP portal.
This service is due to be launched this month.

The service which has been developed over the past 18 months will include nine
state of the art java games including Blackjack, Roulette, Stud Poker, slots and
scratch cards, and will be available for both practice and real cash play.
Registration and deposits can be made via the mobile handset.

Age verification for cash players will be in accordance with the mobile
industry's own Code of Practice, with player deposits being initially restricted
to valid credit card transactions only. In addition maximum bet sizes, daily
limits on user deposits and advice on cash gaming will be available in order to
help prevent irresponsible usage.

The contract covers the provision of content to the WAP site and a broad suite
of java based games. This service will be promoted on a revenue sharing basis to
the users of Orange World.

Commenting on the launch of the new service Justin Drummond, Chief Executive of
Gaming Corporation plc, said,

'The potential worldwide market for mobile gaming is huge and predicted to grow
to over US$8.6 Billion(1) in 2006'.

'with our first mover advantage Gaming Corporation is now well positioned to
take a significant share of the rapidly growing UK mobile gaming market'.

(1) Source: Datamonitor

Notes to editors:

About Gaming Corporation plc

Gaming Corporation is a leading interactive Gaming Company. The company's
flagship gaming site
www.casino.co.uk
achieved in excess of 2 million unique
visitors in January and in March was ranked the number 1 gambling website on the
weekly Hitwise rankings.

CONTACT: Gaming Corporation plc
Justin Drummond, Chief Executive, 020 7618 9000
or
Damion Greef, Communications Director, 07736 381 030
or
Trevor Phillips, Holborn PR, 020 7929 5599
or
Mark Ashurst. Canaccord Capital, 020 7518 2777


Paulo2 - 05 Apr 2005 07:42 - 503 of 1117

Results and acquisition still to come as well, don't forget!!

fairford - 05 Apr 2005 08:53 - 504 of 1117

L2 anyone please?

ethel - 05 Apr 2005 09:29 - 505 of 1117

When are results,please?

mickeyskint - 05 Apr 2005 09:47 - 506 of 1117

MM's don't you just luv them!

MS
Register now or login to post to this thread.