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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.

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

mickeyskint - 05 Apr 2005 09:47 - 507 of 1117

14th I think.

MS

Chiva20 - 05 Apr 2005 13:31 - 508 of 1117

Why hasn't this ticked up a little more today? Buy on rumour sell on news? Does anyone anticipate movement this afternoon?

Chiva20 - 05 Apr 2005 13:38 - 509 of 1117

Ah the midas touch clearly ...

mickeyskint - 05 Apr 2005 17:31 - 510 of 1117

From the other place.

Hi,

This is an absolutely excellent announcement from Gaming Corporation. I thought it worth sharing some further facts about this deal.

The Java games work on 2.5G technology.

The deal is expected to be worth 6.3m in the first year.

The deal is on a 50:50 revenue share basis between Orange and Gaming Corporation.

It is anticipated that the revenue will double in the second year of the deal.

Best Wishes,

Mr K

ethel - 05 Apr 2005 21:10 - 511 of 1117

Is Mr K the dreaded one?If so,is this a hint that he's going long on GMC?
Thanks for your reply to my question.
If the results are good the sp should stay unmoved or go down re.YOO,Neteller etc!!
I hate the manipulation and silly selling going on at the moment.This is crazy .Any share that has seen a recent rapid rise in sp is horribly vulnerable to shorting.So,sell on good news???HELP...If Mr K is really long what is the target price short term?

SeamusH - 05 Apr 2005 22:21 - 512 of 1117

Ethel

I think MS is refering to the "other place" where amongst all the dross and bickering you can actually pick up some decent analysis and research - only trouble is it takes you 3 hours to read the days listing unlike here where poor posters are few and far between.

Mr K is simply his sign-off, his user name is mrkournikova and should not be mistaken for the evil one :-)

EK has previously stated that he is long on GMC and targets a 50-60p price. That was, however, before the upsurge to 20p+ and then the fall back, so who knows what his latest position is.

moneyplus - 06 Apr 2005 01:19 - 513 of 1117

No RNS out to say he has sold his large chunk of shares--I believe he is a very major shareholder so I hope we are safe from his evil ways!!

tau - 06 Apr 2005 03:53 - 514 of 1117

Today (uk) is 'D-day for casino's'. "The governments new contraversial Gambling Bill, ushering in new Las Vegas-style supercasinos, will collapse or become law"(Evening Standard). This could have major implications for future online gambling, post May 5th, since Conservatives are fundamentally against the 'social harm' of gambling and Labours own culture secretary Tessa Jowell is cautious (to say the least) of increasing current incumbant casino's limit of slot-machines despite the possibility of a 'vegas-style' invasion.
Later today will therefore highlight the current govt.s attitude towards gambling as a whole and may create a more transparent picture of how they may react to any future online gambling negotiations.
I would expect a compromise to be reached today, and, providing Mr Howard is not PM next month, a similar (if not less campaign-orientated) compromise to be made towards future online gaming facilities. After all, gambling is what people do and no alleged 'socialist' govt would consider impinging on the enjoyment of the masses.
Yesterdays Orange announcement is not, imo, in the GMC price. City folk may be observing regulatory procedings before this share heads for further blue sky. It is a highly politicized issue in both the UK an US. Any favourable movement may open the floodgates.
tau.

bhunt1910 - 06 Apr 2005 07:12 - 515 of 1117

More good news ;-

"Gaming Corporation PLC


6th April 2005

Acquisition of Got2bet.com ('Got2bet' or 'Go2bet.com')

The Board of Gaming Corporation plc ('Gaming Corp' or 'the Company'), the owner
of the UK's number 1 gaming site
www.casino.co.uk,
announces the acquisition of
Got2bet.com, a leading international Gaming portal.

Got2Bet is one of the most recognized and innovative online gambling portals.
Established in March 2000, Got2Bet is a key source of online casino information
in English and Chinese, with extensive online casino reviews and ratings, news,
and message boards.

For the six months ending 31 January 2005, Got2bet.com generated a net profit of
US$106,340.

Consideration of US$270,000 for the acquisition will be satisfied in cash with
an initial payment of US$120,000 and three equal instalments of US$50,000
payable two months, four months and six months after completion. Further
payments calculated as 50% of the first 6 months profits will also be paid as
part of the consideration.

Got2Bet's pioneering concepts include the progressive jackpot tickers and pull
downs which are now seen all over the internet. Special contests and promotions
are staged on the site such as the Mystery Casino promotion (in conjunction with
Casinomeister.com). Got2Bet was also the first gaming portal to feature a free
Flash-based casino. Its latest innovation was the online ad space auction (with
Casinomeister.com) in which the two sites raised $111,000 from winning bidder
Intercasino.com for tsunami relief efforts.

The founder of Got2Bet, Ted Loh is recognized as one of the leading experts in
the online gambling industry, and in particular for his extensive knowledge of
the Asian market. He has spoken and moderated sessions at more than 15 gaming
conferences in the past three years on topics ranging from Asian marketing to
mobile gambling and affiliate marketing, and has made presentations on Asian
land-based gambling as well.

Justin Drummond, commenting on the acquisition, said;

'Got2bet has an international customer base which opens a new market place for
Gaming Corporation; the application of our technology, marketing and sales
infrastructure will allow Got2bet to grow substantially over the coming months.'

'We are very excited to be working with Ted, who is widely regarded as an
industry expert; his advice and knowledge of the online gaming market with be of
significant benefit to the Group'.

Ted Loh Commented:

'Got2Bet will benefit strongly from the extensive resources that Gaming

Corporation has at its disposal.'

'I am excited at the prospect of working closely with Gaming Corp to take
Got2Bet to new heights which simply would not have been possible without their
support.'

Further to our stated strategy of acquiring profitable online gaming operations
the Company will be seeking shareholder approval for authority to issue and
allot further new Ordinary Shares.

Notice of an Extraordinary General Meeting of the Company at which the
appropriate resolutions will be proposed is therefore being posted to
shareholders today.

For further information please contact:

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

"

Paulo2 - 06 Apr 2005 07:53 - 516 of 1117

Why on Earth do they need extra shares already? Not happy.

BANKONE - 06 Apr 2005 08:17 - 517 of 1117

Paulo2 I agree approx 150,000, they should be able to pay for that (out of their back pocket) from the interest on the 10m. WHY dilute the value of shareholders shares by issuing more shares. Sounds Fishy to me. Do CREST holders of this share get the circular as of right or not.

BANKONE - 06 Apr 2005 09:14 - 518 of 1117

Thats was an excellent release so why is everyone selling, Asian and Chineese connection is concentration on mass gaming markets. Maybe the bit about the EGM. Is this what the company wants to get rid of the smaller investor and to concentrate on the Institutional backing. 15p to buy so fill yer boots. DYOR

Paulo2 - 06 Apr 2005 10:18 - 519 of 1117

Must be some big buy orders in the background as the sales to buy ratio is 10 to 1 and no tick down. Last couple of days trading have been very strange. EK's due to post again this afternoon and I will be interested to see if he has anything to say about all this. He's been very quiet of late about GMC even though he was meant to have had one of the Drummonds around to Evil Towers for dinner recently.

blackbelt - 06 Apr 2005 12:54 - 520 of 1117

What is happening behind the seens in this share a major deal with orange, acquisition of a profit making firm effectively opening up an immensely profitable market!

Also, it appears

"the passage of the UK gaming bill looks to have been assured by an amendment in the number of proposed 'super-casinos'" (AFX)

Im tempted to pick up more before there is big move northwards but dont have any spare cash.........


jimmy b - 06 Apr 2005 13:07 - 521 of 1117

I can't work out why they are not moving up,with the recent good news..

Chiva20 - 06 Apr 2005 13:40 - 522 of 1117

Me niether - anyone out there any constructive reasons? Hate this baffled feeling ...

BANKONE - 06 Apr 2005 13:50 - 523 of 1117

One possibility is that the Orange deal and this Got2bet deal were both factored into the price at 14p. However the share issue to buy this company MUST mean that there is something big going down in respect of the 10m - there must be something very close to be signed for that amount - Static price virtually but a considerable amount of sweeping up being done at the close of trading each day. I believe it will hold th 13.75 to 15.50 price range, until the Gambling bill is of advantage to GMC or they do whatever it is they are good at OFFSHORE or concentrate overseas i.e China and Asia.

BANKONE - 06 Apr 2005 15:35 - 524 of 1117

well most of todays sells were given up cheaply for the Brokers to sweep them up. The traders are letting these shares go far too cheaply
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