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.
mickeyskint
- 28 Apr 2005 09:34
- 628 of 1117
Just to remind everyone tomorrow is the day. From the other place.
axe79 - 27 Apr'05 - 22:29 - 10040 of 10056
The 'funds' do not at present hold enough to carry the vote. They hold 39% of
GMC from the 100m that were made available to them, plus whatever they have
managed to acquire since. I don't believe the directors can vote on the motion,
and their is a slim chance that the funds (despite their efforts) might not be able
to carry the vote. I won't hold my breath on it though.
It seems still open, so Friday will be interesting! No public statement from the board meantime makes me think that I am on the right path with my appraisal.
GMC has 10m plus in cash reserves, and is able to publish Interims tomorrow
if they wished. Interesting that they are apparentely leaving it till after the
vote before doing so.
Now with the Institutions on board GMC is no longer dependent on the funding
from the private investors for future growth. Therefore dilution and stability is the
name of the game as GMC has the potential to grow into a market leader.
That is the heart of what the SP projections will be.
MS
mickeyskint
- 28 Apr 2005 09:43
- 629 of 1117
The Orange tie up is now up and running. Are the games any good, read on. From you know where.
Brummy_git - 28 Apr'05 - 09:32 - 10059 of 10059
FYI - As an investor, I've now downloaded all the games from both the orange.casino.co.uk WAP and websites and successfully managed to play the games for both cash & fun.
For the benefit of everyone else on the board, IMO the mobile service is first rate
MS
blackbelt
- 28 Apr 2005 09:49
- 630 of 1117
Cheers MS, what do you think will happen at the EGM?
mickeyskint
- 28 Apr 2005 10:26
- 631 of 1117
I think the board will get it's way and rightly so. It is dilution, but this is a forward thinking company with large institutional holdings and a dynamic board. They are at this stage only seeking the power to issue more shares as and when required. And if they do go on the acquisitions trail, these shares could go towards that ie in part payment.
MS
mickeyskint
- 29 Apr 2005 11:57
- 632 of 1117
Does anyone know what time the EGM starts?
MS
wilbs
- 29 Apr 2005 12:00
- 633 of 1117
Gaming Corporation PLC
EGM Results
The Directors of Gaming Corporation plc announce that the resolutions proposed
at today's Extraordinary General Meeting were passed.
wilbs
paul1812
- 29 Apr 2005 12:00
- 634 of 1117
I think it's over re: news
Gaming Corporation PLC
EGM Results
The Directors of Gaming Corporation plc announce that the resolutions proposed
at today's Extraordinary General Meeting were passed.
mickeyskint
- 29 Apr 2005 12:04
- 635 of 1117
Nothing suprising there. Now where are the results?
MS
wjordan
- 29 Apr 2005 15:06
- 636 of 1117
Gaming Corporation PLC
29 April 2005
Gaming Corporation plc
Notice of Interim Results
Gaming Corporation plc, the owner of the UK's number 1 gaming website
www.casino.co.uk, will be announcing interim results for the six months ended 31
March 2005 on Monday 16 May 2005.
wjordan
- 29 Apr 2005 15:08
- 637 of 1117
I always like it when results are announced to come out on a Monday - quite often means they have something positive to say and they want the maximum chance of the share rags / press picking up on the story.
mickeyskint
- 29 Apr 2005 15:13
- 638 of 1117
Lets hope they're good, we've been waiting long enough for them. Might just see a climb in the sp from now on.
MS
SeamusH
- 01 May 2005 13:02
- 639 of 1117
From the Sunday Times today:
The group that owns the Casino.co.uk website, Gaming Corporation, is to create the world's largest gaming portal site by buying gambling.com for more than 10m. The company is buying the site from Jersey-based firm Newbold Enterprises.
I almost choked on my cornflakes :-)
SH
moneyplus
- 01 May 2005 22:53
- 640 of 1117
Great news-this one will grow like topsy! hope the sp continues on up too.
SeamusH
- 02 May 2005 15:28
- 641 of 1117
Some interesting posts from the other side and my thanks to the contributors:
presneill31 - 2 May'05 - 09:19 - 10186 of 10193
Just a bit of background from the gaming.com website
Vision
Gambling.coms vision is to encompass all your gambling requirements in the most informative and efficient way possible whether you are searching for online casinos, the latest sporting odds, where to find a book on gambling or hotels in Vegas Gambling.com will help you find exactly what you are looking for.
Simply type your gambling related enquiry into the Gambling.com search field and click on the Search button you will then be presented with a list of sites providing all the most relevant gambling related information you are looking for.
...............................................................................
Gambling.com Restructures to Launch PPC Engine!
Passion for Pay Per Click July 26, 2004, London, UK The most influential website in the iGaming Industry has repositioned itself, after seven years of success, to become a Gambling only search engine, filling a massive gap in the market since Yahoo and Google left the space. Capitalizing on Yahoo and Googles policy to withdraw from this market, the new Gambling.com represents a total relaunch of the site, with an initial sole proposition of Pay Per Click (PPC) search in a clean, easy to use, Google style interface.
With Google and Overture no longer taking online gambling advertising, the need has arisen for a new concept in search for Gamblers a fast, reliable and easy to use gambling gateway. Gambling.com will provide users with the most accurate results possible, and advertisers with increased, pre-qualified, quality traffic. Gambling.coms powerful domain name means that, through natural type-in traffic, it already receives thousands of unique visitors per day and is therefore uniquely positioned to provide this evolutionary, industry specific service. And because Gambling.com will be operating a PPC model, advertisers will be able to bid on keywords at a price that suits their individual budget, offering them the greatest possible value.
The new Gambling.com employs a strict editorial policy, ensuring a keyword search will yield only what the user asks for, and not a list of marginally related, ad hoc information. As a result, the end user receives quick, relevant, meaningful results, and the advertiser gets pre-qualified customers who are likely to return. Gambling.coms proprietary search technology has been developed in-house over the last six months after the site was purchased from the websites founder in a multi-million dollar deal at the end of December 2003, making this the biggest single industry bet on PPC search.
Our new PPC engine is for anything gambling related, not just the traditional online casino listings. The Gambling.com vision is to become the primary destination for comprehensive and relevant search listing results encompassing all things gambling, from online casinos and sportsbooks, Vegas hotels and poker chip manufacturers to land based casinos and industry watchdogs. Advertisers can register and start submitting their listings at https://advertiser.gambling.com, said Tim Rosenberg, spokesperson for Gambling.com
.....................................................................................................................
I would be extremely interested to read some of the views on this.
Alan
axe79 - 2 May'05 - 10:12 - 10188 of 10193
Whilst the site only has 350,000 uses one important thing to note is that they
are ALL PRE REGISTERED. As such there is a important customer base that can be
used as well as a 1st rate dormin name.
If GMC has bought 'gambling.com' as the Sunday Times says it is likely that the
10m price tag has been met with a balance of cash and GMC shares @ 15p. This
would in part explain the rush for the EGM to vote for a further 100k reserves.
Following rapidly on the heels of 'Got2Bet.com' last month, it appears that GMC
are going for vertical intergration on a pay per click model. 'Casino.co.uk' has
now greater opportunity to develop itself into a site where more of its content
is contained within the developing 'GMC group'. Whilst Gambling.com's search
engine can be tweeked by Eyeconomy to transform the hit rates.
A few months ago there was talk of how much the name Casino.co.uk was worth. A
figure of 10m was thought to be a fair valuation for the name alone. The
stable of GMC's dormain names is 1st class, and unlike many handles out there
is not just restricted to 'Poker'.
A RNS can be expected to confirm the deal, let wait to see the details.
Poker Player - 2 May'05 - 10:34 - 10189 of 10193
I believe this to be a good move, but I am interested to see just how much they are paying for the site shares/cash.
REASONS WHY I BELIEVE THIS TO BE A GOOD MOVE
1.If Yahoo and Google are not including gambling sites in their search criteria then I believe this to be a very good move. As Gamble.com can surely charge a higher rate for PPC to its clients.
2. With more and more casino, poker and gambling sites opening up everyday, they will all want to be on the only search engine that covers gambling sites.
3. The institutions are obviously happy with this move as they must have known in advance and seen the figures in JD's presentation and have continued to BUY so this must be a good move.
4.GMC said they will ONLY PURCHASE PROFITABLE COMPANIES I am sure that Gamble.com is making a healthy profit.
THEREFORE THIS COULD BE A VERY GOOD MOVE !!!!!!!
axe79 - 2 May'05 - 11:52 - 10193 of 10193
Good 'Bank holiday' morning. Just taking a break from mowing the lawns!
Alan, can only give you my thoughts, but like every one elses on these boards
please make your own mind up.
Q 'What is LIKELY to be the market reaction to the rumour, and the timing of
it while the funds are still "hoovering", and in the lead up to results'.
As I am NOT trading GMC I am not bothered at all. At this time it is like
playing that old party game of 'trying to pin the tail in the donkey.'
GMC has been, and still is in a consolidation phase. It is going to take
fresh retail demand to move the SP, when that starts the SP will rise. I do
not know when that will be, but believe it will be soon. Canaccord Capital
are the most experienced NOMAD in this sector so GMC will be getting the best
advice available.
Q 'Why the importance of buying a .com'
It is a 'world wide' search engine, not just a UK based one.
Q 'Is this good for the sp?'
Until some further details are given the shareholders can only have confidence in the board and there business judgement. I have been personally told that
GMC are focussed on the SP values and they are being very selective in looking
for earning enhancing acquisitions. However it will take time for the potential
of them to show through to the bottom line.
The interim report and chairmans statement will be solid news that should give
depth and clarity to both the current and unfolding positions of GMC. 2 weeks to go!
-------------------------------------------
And to ensure neutrality there are also some posts which think this is a bad move (if the Times snippet is correct) and that 10m is too much to pay and will erode capital from existing shareholders. However, these posts do not contain the same level of detail as the ones I've re-posted above.
I've given up trying to predict any movement in the SP and am mindful that even with this "news" we could easily remain static tomorrow. Still, as long as it's not more red on my portfolio...
SH
wilbs
- 03 May 2005 08:03
- 642 of 1117
Gaming Corporation PLC
Gaming Corporation PLC
Tuesday 3 May 2005
Acquisition of Gambling.com
The board of Gaming Corporation plc ('Gaming Corporation'), the owner of the
UK's number 1 gaming website
www.casino.co.uk,
announces the acquisition of
Newbold Enterprises Limited ('Newbold') the owner of Gambling.com.
Gambling.com is the global leader in casino, poker, and sports betting search
since 1997. Income is primarily generated through pay per click advertising
where clients bid to reach higher rankings in the search results, a model used
by other search companies such as Google and Overture.
Gambling.com is the number 1 listing on google.com for 'Gambling' search and has
over 500 other internet and affiliate sites linking to Gambling.com globally.
Gambling.com has extensive expertise in direct mailing and has built a double
opt-in database of over 200,000 members.
Gambling.com's proprietary technology includes an International and UK specific
pay per click bid management search engine. This allows advertisers to create
and self manage their search listing campaigns from online deposits through to
bid management and real time reporting. Like all the major pay per click search
engines, Gambling.com uses complex algorithms and strict editorial to maximize
efficiency for advertisers and end users alike. This technology also enables
Gambling.com to distribute their gaming related listings to other web sites thus
increasing their exposure and revenue earning potential. The technology can also
be licensed to operators in other industries giving them the opportunity to
create their own destination search sites
The consideration for the acquisition of Newbold is US$20million (10.5million)
to be satisfied as to US$15.3million (8.0million) in cash and US$4.7million
(2.5million) in new ordinary shares. A total of 17,375,244 Gaming Corporation
shares are being issued, of which approximately 7.38million are subject to a
lock-in of six months and the balance has been placed on behalf of the vendors
of Newbold with institutional investors. As at 28 April 2005, Newbold had a net
cash balance of over US$850,000, which implies an enterprise valuation for the
business of US$19.15milion (10.1million).
The financial performance of Newbold is summarised in the following table.
12 months ended 3 months ended
31 December 2004 31 March 2005
Audited unaudited
----------------------------------------------------------------------------
Gross profit US$3,387,458 1,782,873 US$759,857 399,247
----------------------------------------------------------------------------
Profit after tax US$1,530,037 805,283 US$458,592 241,364
Margin 45.2% 60.3%
Net assets US$4,535,037 2,386,862 US$5,003,997 2,633,683
Notes:
The sterling figures have been provided for illustrative purposes only. The
exchange rate used to convert US$ to is 1.90.
Justin Drummond Chief Executive said,
'This acquisition is a major step in the evolution of Gaming Corporation.
Gambling.com is the leading global online Gaming search brand and a very
profitable and fast growing business'.
'This acquisition forms part of Gaming Corporation's strategy of building a
portfolio of gaming brands that attract a worldwide audience.'
'We believe that bringing Gambling.com into our portfolio of gaming websites
will enable Gambling.com to grow at an accelerated rate with improved
profitability and create new revenue streams for our existing business'.
wilbs
blackbelt
- 03 May 2005 09:23
- 643 of 1117
Great news guys, cheers for keeping the board updated SeamusH the posts convinced to but another tranche this morning. Hoping it will tick up nicely towards the results. But this is a great long term investment now it has vertical integration with cash generative acquisitions!
What does anybody think the broker rating will come up with? Its got to be at least 20p for a medium term sp?
mickeyskint
- 03 May 2005 11:23
- 644 of 1117
I think it's 29p but don't hold me to that. This is just getting stronger month by month with the risk grade coming down as well. You won't recognise this in 6 months.
MS
mickeyskint
- 04 May 2005 11:16
- 645 of 1117
From the other place. Refering to the new acquisition.
hutch189 - 4 May'05 - 10:41 - 10274 of 10279
Drummond talking to sun city editor
"when the word gambling was entered into the google search website, gambling.com was the top address users were refered to.The site then directed punters to various types of online gaming including blackjack,poker and even bingo." Mr Drummond told sun city "basically, it means that if your running a poker or casino site you're going to have to talk to us."
MS
JT Master Investor
- 05 May 2005 10:26
- 646 of 1117
Hitwise Rankings for W/E 30th April:
United Kingdom
1. (13.76 %) Casino.co.uk - http://www.casino.co.uk
2. (9.74 %) Betfair - http://www.betfair.com
3. (5.09 %) William Hill Sportsbook - http://www.willhill.com
4. (4.76 %) Ladbrokes.com - http://www.ladbrokes.com
5. (3.96 %) RacingPost.co.uk - http://www.racingpost.co.uk
6. (3.48 %) National Lottery - http://www.national-lottery.co.uk
7. (3.19 %) FindPoker.com - http://www.findpoker.com
8. (2.79 %) JackpotJoy.com - http://www.jackpotjoy.com
9. (2.58 %) Pacific Poker - http://www.pacificpoker.com
10. (2.31 %) PartyPoker.com - http://www.partypoker.com
JT Master Investor
- 05 May 2005 10:31
- 647 of 1117
Sun City Column:
A BRITISH company has paid 10.5million to buy the internet website Gambling.com from its US owners.
GAMING CORPORATION led by one-time dotcom whizzkid Jason Drummond now claims to be the Google of gambling.
Mr Drummond said that when the word gambling was entered into the Google search website, Gambling.com was the top address users were referred to.
He said the site then directed punters to various types of online gaming including blackjack, poker and even bingo.
Mr Drummond told Sun City: Basically, it means that if youre running a poker or casino site youre going to have to talk to us.
Last week the company helped launch a gambling service with mobile firm ORANGE.
Mr Drummond said: This is growing at an incredible rate and generating very strong cashflow. Its a whole new marketplace.
Gaming Corp shares closed up 0.5p at 14.5.