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.

Morning all - Goldfinger - Shock waves only from the fear in MMG with EVIL as you said in an early post. 'Wouldn't be confident holding knowing EVIL and the other lot are in it'
MMG has shown EVIL up for what he is - This share has tremendous potential thats obvious. Its fully Investment companied up (3 times oversubscribed). Back in February I said it was a Grand National well now lets loof forward to the Derby in the spring up to the financials later this week. Down earlier but some sweeping up in large amounts will be done. Big orders to Fill. DYOR LOL

Good Morning - It appears to me that there has been some scare mongering over
the past few days. The company has made excellent progress over the last 12
months, and not so long ago (Feb) the shareprice was under 3p!

The Interim results are due out very soon and Justin D has apparently said
to Simon Calkwell a few weeks ago that he was trying to get them out for 14 days after the end of March. I expect GMC to produce results that will require a re-rating from the brokers.
With regards to Mr SC he has said that his family has had the position in GMC
since last year (Through a substantial spread bet),
It has been said that the recent share placing has been 3x over subcribed, and
if that is the case (and I suspect it is) the Institutions will have been topping up off the main market. That to me is the best explanation as to the
flat lining of the SP. A further factor is that much recent retail buying has been done on T trades and until they are settled the MM's will be reluctant to
move the SP on.

With GMC having acquired 'Got2bet' and the further news of the appointment of
William Grimes to the board, he brings the experence to develop GMC on the world stage.
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.

As you see, Justin remains focused on the on-line gaming market.

Regards

Axe79

But what about the rumour of a casino purchase which would be put into private hands. I want to feel reassured that my investment is in good hands.

MS

Rumour coming from Tips.com!

SC probably wants to buy some more! He told me in late March that it was a long term investment, and that he could see 50p at the end of 2005. He has been friends of the Drummonds for some time now.

It was only a rumour by a subscriber of T1ps and not from SC himself. I think the said article has been removed!!

Im with Mickey here I still hold from when I put this recommendation on the board but Im getting rather uneasy about the present situation. Ive sold my trading stock quite a while back but I still have a very large stake in this company. The fact that we have no denials from Evil K makes it even worse.

He is due to give out his monday investing statement I will report back.

cheers GF.

I talked my Mrs into investing 5K, which she did at 19. So you can just imagine what my life is like at the moment. The supplies been turned off and my boiled eggs are all runny. I've agreed to underwrite any of her losses, so it's really important for me this gets into the 20's and soon. Otherwise Kings Cross here I come if you know what I mean.

MS

That's like me mickey I ploughed in most of the money from out joint account so I'll be up Dawsons creek without a paddle if she finds out!!

I'll make the spare bed up JT.

MS

I sold on friday at a heavy loss,,im getting fed up with this its hard enough to make good decisions without all this hassle..JB

Nothing from Evil so it leaves me in limbo land.

cheers GF.

No news is good news goldfinger!!

jimmy b

The results will be out any time now. I think you might have jumped ship early. Sorry to hear you took a fall, It sticks in the throat I know. My total individual stock losses are in 4 figures but I win more than I loose so providing it stay's that way I'm happy.

MS

Thanks Mickey, im the same doing well overall,you might be right i maybe jumped ship too early,can't win them all!!..JB

EK has just bought another 250,000 shares in GMC because he is exctied at the mobile gambling that GMC has just announced with Orange.

Whats the sentiment to EK buying 250,000 shares........?

Hey all - this is really pretty intersting and amusing, reading all this from afar. As for the sentiment, it apprears to be negligable. We are all down again, at this moment in time anyway.

I'm gonna hold - at least 'till the results are out and we can get an idea of what is going on here! Personally, why would anyone purchase a further 1/4mill if he was going to short as was mentioned earlier. I think EK may be a lot more clever than people are giving credit for - everyone panics and sells, sp drops and he buys....picking up even more profit in due course.

Good Luck all holding...

Nothing clever about that, I think anyone with that kind of influence on the market would do the same although maybe not to such an evil extent. In fact apparently his current success rate is to the tune of minus 400k. What a dumdum.

Do you know when the results are due? I know they're imminent but if you have a date I'd appreciate it?

Thanks in advance

Chiva

People elsewhere are saying the 14th April, but no one can confirm.

MS

From elsewhere.

Hi Rich,

No, EK is and always has been bullish about Gaming Corporation. Furthermore he is good friends with Justin Drummond, the CEO, and his brother Jason Drummond, the Chairman.

In light of the announcements over the past week it is frustrating that the shares have not made any progress, but in fact slipped somewhat. The contract with Orange to provide mobile casino games could be absolutely huge. Datamonitor has forecast the mobile gaming market to be worth $8.6 billion in 2006. If you assume that margins will remain similar to the online gaming market of 2.5% then this would imply $215 million (114 million) will fall through as profit. Given that the UK is one of the largest gambling nations in the world, behind the USA and Japan, and Orange is the second largest mobile operator in the UK, it is clear that this is a major deal for Gaming Corporation.

This deal should be worth in the region of 6.2 million profit in its first year, which on a 50:50 revenue share would be worth 3.15 million to Gaming Corporation. A 6.2 million profit would assume that 248 million is played on the mobile games, and 2.5% of 248 million is 6.2 million. 3.15 million of net-profit would be worth 1.21p/share in earnings.

A 6.2 million profit for Orange/Gaming Corporation in the first year of this project would still be only 5.43% of a 2.5% margin on Datamonitors forecast.

Everyone, including EK, seems to be assuming that Gaming Corps java games work on 3G but in fact they work on a lower specification of 2.5G. Orange has over 13.5 million customers in the UK, which is about 21.7% of the total UK population. I do not have the figures to hand, but if you assume that 6 million Orange customers have Java enabled handsets to play the casino games then my forecast assumes that every customer will spend 41.33 on the mobile games. 41.33 * 6 million = 247.98 (near enough 248 million). There will clearly be those with Java enabled handsets who will want to play the games and spend 100s on the games and those who will not play at all, therefore 41.33 per java user seems a fair stab.

Additionally the recent acquisition of got2bet.com should make a net profit of $250,000 in its first year (132,559), which is 0.051p/share in earnings.

Then there is findpoker.com, onthebox.com, Eyeconomy, skillgaming.co.uk, 10 million cash and the flagship casino.co.uk to remember. If you assume a net profit of just 1 million from this collection of sites then that is worth 0.38p/share in earnings. Add the got2bet.com acquisition, and the mobile casino gaming, then you achieve earnings of 1.551p/share. With the shares trading at 14p this is a PE ratio of 9. Is this a fair earnings multiple, given that this is one of the fastest growing industries in the world, and Gaming Corporation is proving itself as a hunter and not the hunted? You should be looking at a PE ratio of nearer 30, which is 46.5p.

The upside is clear to me.

Best Wishes,

Mr K

MS