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.

Gaming Corporation PLC


Gaming Corporation plc
Interim Accounts
Six months ended 31 March 2005

Highlights for the period:

Turnover increased 80% to 9.9 Million for the 6 months ended 31st march 2005
(2004: 5.5 Million)

Cash balances at the period end of over 10 Million (2004: 630,000)

Gross profit increased 174% to 718,162 (2004: 261,804)

Successfully raised 10 Million in an institutional placing in March 2005

Over 3 Million unique monthly visitors to the
www.casino.co.uk
portal in March
2005 (150,000: March 2004)

Casino.co.uk ranked number 1 in the weekly Hitwise rankings for UK gambling
sites

Acquisition of Got2bet.com, a leading international gaming portal

Launch of
www.findpoker.com
website, a poker portal

Launch of Skillgaming.co.uk, a skill gaming site

Recent Events:

Launch of interactive mobile cash gaming service with Orange

Acquisition of Gambling.com, the Number 1 gaming search engine

Commenting on today's announcement, Justin Drummond, Chief executive, said:

'The performance of the business since the start of the year has exceeded
expectations. Route to market and customer acquisition is essential for any
business and with the unprecedented growth of Casino.co.uk and our recent
acquisition of Gambling.com, Gaming Corporation has consolidated its market
leading position.'

'Gaming Corporation now has the largest gambling search portfolio in the world;
our premier sites, gambling.com and casino.co.uk, are key customer acquisition
sites to many of the world's largest gaming companies.'

For further information contact:
Damion Greef, Communications Director, 07736 381 030
Trevor Phillips, Holborn PR, 020 7929 5599
Jason Drummond, Chairman, 020 7618 9000
Justin Drummond, Chief Executive, 020 7618 9000
Mark Ashurst. Canaccord Capital, 020 7518 2777


Gaming Corporation plc
Interim Accounts
Six months ended 31 March 2005

Chairman's Statement

The Board of Gaming Corporation plc ('Gaming Corp' or 'the Company'), the worlds
largest online gaming search company and owner of gambling.com and casino.co.uk,
announces interim results for the period ended 31st March 2005.

Highlights for the period:

Turnover increased 80% to 9.9 Million for the 6 months ended 31st march 2005
(2004: 5.5 Million)

Cash balances at the period end of over 10 Million (2004: 630,000)

Gross profit increased 174% to 718,162 (2004: 261,804)

Successfully raised 10 Million in an institutional placing in March 2005

Over 3 Million unique monthly visitors to the
www.casino.co.uk
portal in March
2005 (150,000: March 2004)

Casino.co.uk ranked number 1 in the weekly Hitwise rankings for UK gambling
sites

Acquisition of Got2bet.com, a leading international gaming portal

Launch of
www.findpoker.com
website, a poker portal

Launch of Skillgaming.co.uk, a skill gaming site

Recent Events:

Launch of interactive mobile cash gaming service with Orange

Acquisition of Gambling.com, the Number 1 gaming search engine

Financial Summary

The results for the six months ended 31st March 2005 show consolidated turnover
of 9,932,232 (2004: 5,525,329), gross profit of 718,162 (2004: 261,804), and
a loss for the period of 52,576 (2004: loss of 385,915). At the end of the
period, net assets were 11.8 million (2004: 1.7 million) and the net cash
balance was 10.2 million (2004: 0.6 million).

Current Trading and Prospects

Gaming Corporation has made significant advances in both its financial
performance and business since the beginning of 2005 and as impressive as these
results may be, they do not reflect the financial impact of our recent growth,
developments and acquisitions.

The business has made monumental progress since the beginning of 2005:

Corporate

Following the appointment of Canaccord Capital (Europe) Limited as the Company's
nominated adviser and broker, we raised 10 million in an institutional placing
in March 2005. We have seen significant improvements in increased liquidity in
the Company's shares and many leading financial institutions are now significant
shareholders.

Traffic: #1

The number of people who visit us has grown dramatically over the last year with
over 4 million unique visits to our Group websites in March 2005. We have also
experienced significant improvements in profitability after we changed our
revenue model in January 2005 to 'pay per click'.

Gambling.com

Recently acquired by Gaming Corporation, Gambling.com has been the global leader
in search for casino, poker, and sports betting sites since 1997. Income is
primarily generated through pay per click advertising, where clients bid to
reach higher rankings in the search results, as used by other search engines
such as Google and Overture.

The result of a search on google.com for 'gambling' gives Gambling.com as number
1. In addition, over 500 other global internet and affiliate sites link to the
Gambling.com website. Gambling.com has extensive expertise in direct mailing and
has built a double opt-in database of over 200,000 members.

Gambling.com has an impressive track record of profitable growth but as part of
Gaming Corporation and with the benefit of synergies together with cost savings,
the board would expect this profitability to be enhanced significantly going
forward.

Casino.co.uk

Casino.co.uk has continued to go from strength to strength, making a strong and
profitable contribution to the Group since the start of 2005. Casino.co.uk is
the most visited UK gaming site and has recorded over 3 Million unique visitors
in March this year. The business operates as a portal, in a similar way to other
internet sites such as 'Yahoo', earning income via pay per click third party
advertising and also by operating its own branded services. Casino.co.uk offers
a Casino as well as a Poker room and has recently launched instant win games and
a skill gaming site.

All areas of the Casino.co.uk business have grown rapidly since the beginning of
2005 and the board expects this trend to continue. Going forward we would expect
a further improvement in operating margins due to improved commercial terms from
software suppliers as a result of the critical mass the business has recently
achieved.

Mobile Gaming Business

This newly formed division made a major breakthrough at the beginning of April
with the announcement of the partnership with Orange. As with any new business,
route to market is essential and Orange gives Gaming Corporation access to a
very extensive customer base. This is exciting as a potential market place
offering huge opportunities. Meanwhile negotiations continue with other mobile
networks and Gaming Corporation is now extremely well positioned to gain
substantial market share in the mobile gaming market.

Further developments

The Board continues to evaluate earnings enhancing acquisitions that will either
extend the Company's geographical reach or present further opportunities to
maximize the earnings potential of the Company's current gaming assets. It is
the aim of the Board to build a portfolio of profitable gambling related
websites with a presence in every major online gaming market.

Gaming Corporation has assembled some of the best gambling assets in the world
and will now leverage our undoubted expertise to drive profitability and create
further shareholder value.

Jason Drummond
Chairman

Group profit and loss account

For the six months ended 31 March 2005
Six months Six months Year ended
ended 31 ended 31 ended 30
March March September
2005 2004 2004
(unaudited) (unaudited) (audited)


Turnover 9,932,231 5,525,329 12,945,245

Cost of sales (9,214,070) (5,263,525) (12,076,937)

Gross profit 718,161 261,804 868,488

Selling and distribution costs (288,760) (138,734) (358,934)
Administrative expenses:
exceptional one-off acquisition costs - - (215,000)
other administration expenses (515,108) (300,716) (793,447)
goodwill amortisation - (210,341) (462,280)
(515,108) (511,057) (1,470,727)

Group operating loss (85,707) (387,987) (961,175)

Interest receivable and similar income 33,878 5,076 19,020
Interest payable and similar charges (492) (3,110) (3,924)

Loss on ordinary activities before taxation (52,321) (386,021) (946,079)

Taxation - - 77,756

Loss on ordinary activities for the period (52,321) (386,021) (868,323)

Minority interest (256) 106 277

Loss for the period attributable
to members of the parent company (52,577) (385,915) (868,046)

Loss per share - basic & diluted 0.03p 0.31p 0.58p
Loss per share - adjusted 0.03p 0.14p 0.15p


Group balance sheet

As at 31 March 2005
As at As at As at
31 March 31 March 30 September
2005 2004 2004
(unaudited) (unaudited) (audited)

Fixed assets
Intangible assets 1,130,765 877,269 1,130,888
Tangible assets 226,404 141,491 168,260
1,357,169 1,018,760 1,299,148

Current assets
Debtors 781,444 326,596 652,898
Cash at bank and in hand 10,237,496 629,496 1,020,178
11,018,940 956,092 1,673,076
Creditors: amounts falling due within one year (591,153) (313,046) (601,720)
Net current assets 10,427,787 643,046 1,071,356
Net assets 11,784,956 1,661,806 2,370,504
Capital and reserves
Called up share capital 4,428,857 3,202,357 3,702,357
Share premium account 10,442,609 1,011,334 1,702,334
Other reserve 1,422,065 1,422,065 1,422,065
Profit and loss account (4,506,550) (3,971,842) (4,453,973)
Shareholders' funds 11,786,981 1,663,914 2,372,783
Minority interests (2,025) (2,108) (2,279)
11,784,956 1,661,806 2,370,504

Net asset value per ordinary share 4.58p 1.23p 1.28p


Group statement of cash flows

For the six months ended 31 March 2005
Six months Six months Year ended
ended 31 ended 31 ended 30
March March September
2005 2004 2004
(unaudited) (unaudited) (audited)


Net cash outflow from operating activities (98,638) (288,530) (616,170)

Returns on investments and servicing of finance
Interest received 33,878 5,076 19,020
Interest paid (492) (3,110) (3,924)
33,386 1,966 15,096
Taxation
Corporation tax received - 56,658 56,658
Corporation tax paid (41,798) - -
(41,798) 56,658 56,658
Capital expenditure
Payments to acquire tangible fixed assets (22,610) (8,587) (53,576)
(22,610) (8,587) (53,576)
Acquisitions and disposals
Acquisition of subsidiary undertakings - - (18,550)
Acquisition of business (65,145) - -
Net cash balance acquired with subsidiary undertaking - - 173,784
(65,145) - 155,234
Net cash outflow before management of
liquid resources and financing (194,805) (238,493) (442,758)

Management of liquid resources
Bank deposits 750,000 - (750,000)

Financing
Issue of ordinary share capital 9,466,775 574,750 1,165,750

Increase/(decrease) in cash 10,021,970 336,257 (27,008)



Group statement of cash flows

For the six months ended 31 March 2005


Reconciliation of net cash flow to movement in net funds
Six months Six months Year ended
ended 31 ended 31 ended 30
March March September
2005 2004 2004
(unaudited) (unaudited) (audited)


Increase/(decrease) in cash 10,021,970 336,257 (27,008)
Cash flow from (decrease)/increase in liquid resources (750,000) - 750,000
Change in net funds resulting from cash flows 9,271,970 336,257 722,992
Net funds at 1 October 965,526 242,534 242,534
Net funds at 31 March (30 September) 10,237,496 578,791 965,526


Notes to the interim accounts

1. Basis of preparation

The interim results for the six months ended 31 March 2005 are unaudited and do
not constitute statutory accounts in accordance with section 240 of the
Companies Act 1985. The financial information has been prepared in accordance
with applicable accounting standards and under the historical cost accounting
convention. Accounting policies consistent with those applied in the financial
statements for the year ended 30 September 2004 have been used in preparing the
unaudited interim results for the 6 months ended 31 March 2004 except that the
useful economic life of goodwill has been reviewed as explained below.

2. Goodwill

The directors have reviewed the useful economic life of goodwill at 31 March
2005 for durability in accordance with the provisions of Financial Reporting
Standard ('FRS') 10 and, as a consequence, no longer intend to provide for the
systematic amortisation of the cost of goodwill. An impairment review has been
carried out in accordance with FRS 10 which shows that the capitalised value of
the cash flows derived from future income streams is greater than the carrying
value shown in the Group's consolidated balance sheet at 31 March 2005.
Impairment reviews will, in future, be carried out at the end of each reporting
period. The non-amortisation of goodwill for the six month period to 31 March
2005 has had the effect of reducing the Group's operating loss for the period by
approximately 260,000.

3. Loss and net asset value per ordinary share

Six months Six months Year ended
ended 31 ended 31 ended 30
March March September
2005 2004 2004
(unaudited) (unaudited) (audited)


The calculation of loss per ordinary share is based on
the effective weighted average number of shares
in issue during the period 196,034,098 125,724,132 150,028,953
The adjusted loss per share is based on the loss
after tax and before goodwill amortisation:
Loss after tax and minority interests as reported 52,577 385,915 868,046
One off acquisition costs (less tax at 19%) - - (174,150)
Goodwill - (210,341) (462,280)
Loss before goodwill and one-off acquisition costs 52,577 175,574 231,616


The effect of the exercise of warrants in issue for the six months ended 31
March 2005 is anti-dilutive (March 2004, September 2004: no dilution).
The calculation of net asset value per ordinary share is based on a net asset
value of 11,784,956 (March 2004: 1,661,806, September 2004: 2,370,504) and
257,302,054 (March 2004: 134,802,054 , September 2004: 184,802,054 (2003:
106,665,690) ordinary shares in issue at 30 September 2004.

4. Notes to the statement of cash flows

(a) Reconciliation of operating loss to net cash outflow from operating activities

Six months Six months Year ended
ended 31 ended 31 ended 30
March March September
2005 2004 2004
(unaudited) (unaudited) (audited)


Operating loss (85,707) (387,987) (961,175)
Depreciation 29,611 33,330 66,907
Amortisation of intangible fixed assets 123 - 607
Amortisation of goodwill - 210,341 462,280
(Increase)/decrease in debtors (128,547) (106,999) (219,204)
Increase/(decrease) in creditors 85,882 (37,215) 34,415
(98,638) (288,530) (616,170)


(b) Analysis of changes in net funds

1 October 31 March 30 September 31 March
2003 Movement 2004 Movement 2004 Movement 2005


Cash at bank and in hand 306,919 322,577 629,496 (359,318) 270,178 9,967,318 10,237,496
Bank overdrafts (64,385) 13,680 (50,705) (3,947) (54,652) 54,652 -
Net cash 242,534 336,257 578,791 (363,265) 215,526 10,021,970 10,237,496
Liquid resources
Bank deposits - - - 750,000 750,000 (750,000) -
242,534 336,257 578,791 386,735 965,526 9,271,970 10,237,496


5. Dividends

The Directors are not declaring a dividend for the six months ended 31 March
2005.

6. Copies of interim results

Copies are available at the company's web site at
www.gamingcorp.net

wilbs

Gaming Corporation PLC


GAMING COPORATION PLC ('THE COMPANY')

DIRECTOR SHAREHOLDING

The Company was notified on 16 May 2005, that Mr. Jason Drummond, Chairman of
the Company, purchased 350,000 ordinary shares of 1p each in the Company
('Ordinary Shares'), at a price of 13.5p per Ordinary Share for a total cost of
47,250.

wilbs

Has anyone spoken to the broker to see when we can expect a re-rating? Would do it myself but I'm in work and it's easier to type then talk.

Date: 16 May 2005

LONDON (ShareCast) - Online gambling group Gaming Corporation today reported a massive increase in turnover and narrowing half year pre-tax losses and hinted at more acquisitions to come.

Losses before tax for the six months to 31 March narrowed to 52,000 from 386,000, while gross profit leapt to 718,000 from 261,000 last time. Turnover soared 80% to 9.9m.

Chief executive Justin Drummond said, The performance of the business since the start of the year has exceeded expectations.

Route to market and customer acquisition is essential for any business and with the unprecedented growth of Casino.co.uk and our recent acquisition of Gambling.com, Gaming Corporation has consolidated its market leading position", he added.

The group also said Casino.co.uk is now the most visited UK gaming site, recording over 3m unique visitors in March this year from 150,000 in the same month in 2004.

Total number of visitors to all the companys sites hit 4m in March, with profitability helped by a change in revenue model in January this year to pay per click.

In addition, chairman Jason Drummond paid 13.5p each for 350,000 shares costing a little over 47,000.

Gaming Corporation PLC


Gaming Corporation Plc ('The Company')

HOLDING IN COMPANY

The Company was notified on 1 May 2005 by FMR Corp, and its direct and indirect
subsidiaries, and Fidelity International Limited (FIL), and its direct and
indirect subsidiaries, that it had acquired an interest in shares that resulted
in it holding a total of 16,429,048 ordinary shares of 1p each in the Company,
being approximately 6.38 per cent of the issued share capital of the Company.

16 May 2005

wilbs

Some good buys coming in now. 3 good RNS's today. Should see some blue at last!!

wilbs

Posted over the other side:

Citywire Verdict:
Gaming Corporation owns a number of exciting assets and the recent pace of deals has provided management and shareholders with plenty to get their teeth into.

However, there are no broker forecasts out at the moment and at this point in the business's development its potential looks hard to quantify. The shares have yet to find a level that they are comfortable to settle at following their spectacular run at the start of the year.

Still the overall flavour of today's news is encouraging and it is hoped that the house broker Canaccord will have some numbers out later in the week.

wilbs

Cutywire Verdict:

http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=74311

The share purchase by Justin at is a good positive. That should ensure that the media pick it up and shares mag.

This is just waiting for a good broker rating to place a fair value in the 20s, hopefully igniting interest in the share.

The potential for other Mobile Networks to sign up with Gaming Corp is extremely appealing. The long term prospects look extremely good to me

I see that the Independent has GMC as a buy in their investment column this morning :-)

Lurvely! Just need some bullish broker comments now -- and soon.

A nice blue start to the day with some nice trades going through.

In Casino.co.uk and Gambling.com, Gaming Corp has two prime domain names in a fast-growing market where there are already hundreds of operators. Gambling.com alone is on course to make more than 1m in profit this year. There is plenty of growth yet to come. Buy says the Independent.

Here it is Dynamite , I bought in at the wrong time and stop lossed out unfortunately,Good luck.

The foundations are in place with serious institutional investment and a buy recommendation. Looking good to me. Add to that a good broker upgrade and we're off.

MS

THE INVESTMENT COLUMN: Place your bets on Gaming Corp

The Independent

The phenomenal growth in internet gambling is akin to the dot.com boom all over again. Except this time it appears to be more profitable.

Gaming Corporation, whose website, Casino.co.uk, acts like a Yahoo or Google for internet gambling sites, said yesterday it had had a "monumental" first six months of the year as it announced interim results to the end of March. Turnover was up 80 per cent to 10m and it is now just about breaking even. Gaming companies pay Gaming Corp every time a user clicks through to their site from Casino.co.uk, and 40 per cent of its 3 million users end up on Gaming Corp"s own casino businesses.

Since March, the company has signed two more lucrative deals. It is now supplying casino games to Orange mobile phone users and it has also bought another gaming website portal. Gambling.com is the US"s largest internet gambling search engine and appears as the first result of a Google search for "gambling".

In Casino.co.uk and Gambling.com, Gaming Corp has two prime domain names in a fast growing market where there are already hundreds of operators. Gambling.com alone is on course to make more than 1m in profit this year. There is plenty of growth yet to come. Buy.

Canaccord's brokers update is out, you can view it on www.gamingcorp.co.uk

Valuation and recommendation
We are initiating coverage on Gaming Corporation with a BUY recommendation and
a 24p price target based on our DCF model, which we discount at 11.1%. This price
target equates to 28.1 times our F06 EPS and 14.5 times our F07 EPS, compared to
gaming platform providers trading at P/Es between 24.1 and 36.0 times F06
earnings. We are forecasting earnings growth for F07 of 93.4%, which based on a 14p
stock price reflects a PEG of 0.08, attractive for a growth company.

Recommendation BUY
12-month target price 24p
Current price 14p
52 week high 23.3p
52 week low 2.00p
Avg. volume (3 months) 10.5 m
Market capitalisation (m) 37.8
Shares O/S (m) 269.9

wilbs

From the other place. Just to keep you up to date as to where we are at the moment.

mrkournikova - 17 May'05 - 22:15 - 10701 of 10753


Hi,

Bill Johnson commented on Gaming Corporation (GMC) on Watshot.com today, and Im not convinced that he understands the merits of the company. Therefore I thought it worth writing a brief response outlining what has now become a company that could be somewhat difficult to understand.

Casino.co.uk - This is the flagship website, having been registered by XWorks Ltd on 22nd August 1996. XWorks changed its name to Gaming Corporation in August 2002. Casino.co.uk generates revenue through five different avenues:

Pay-Per-Click This is a revenue model whereby a user clicks on a banner hosted on casino.co.uk and Gaming Corporation receives a fee for that click. The margins are very attractive on a PPC revenue model as the only fee is the expense of hosting the banner on the website. The barriers to entry are virtually non-existent for any internet portal, hence why there are portals by the truck-load on the web. However, the vast majority of them will not have the option of earning revenue via PPC, but will receive a share of a recommended clients losses. This revenue model was only changed from a hosting fee to PPC in January; therefore these results only reflect three months revenue from the new model.

Play.casino.co.uk - This is Gaming Corporations own online casino, launched in December 2002. The software is powered by Boss Media, who receive a percentage of the income generated by player losses. Boss Media is one of the industrys leading providers of gaming software, along with MicroGaming and Playtech. It was encouraging to read in yesterdays interims that operating margins should increase, due to the critical mass the business has now achieved. Operating margins will always be very slim for casinos, at around 2.5%, so any increase will clearly have a significant impact.

Poker.casino.co.uk - This is Gaming Corporations own poker product, earning income in the same way was play.casino.co.uk.

Instant.casino.co.uk - Launched in April 2004 this offers a selection of instant play games.

skillgaming.casino.co.uk - This section also shares the URL skillgaming.co.uk and is a joint venture with Game Account.

The Other Sections

Gambling.com - Gaming Corp announced that it had acquired Newbold Enterprises, the owner of gambling.com on 3rd May 2005 for 8 million in cash and 2.5 million in shares. Whilst not as popular as casino.co.uk, gambling.com occupies the first position on google.com for the keyword gambling. In March 2005 there were 659,707 searches for the word gambling. The website operates in the same was as casino.co.uk as a portal. Analysts are expecting it to contribute 0.5 million operating profit in the second half of the financial year.

Eyeconomy.com - This really seems to have been brought back to life since its acquisition by Gaming Corp in May 2004. It specialises in online marketing. Eyeconomy is profitable and has a standalone turnover in excess of 1.5 million.

Findpoker.com - Launched in February 2005, findpoker.com mirrors the casino.co.uk portal, operating on a cost-per-click revenue model, but concentrating solely on poker.

Got2bet.com - Acquired on 6th April 2005, got2bet.com was Gaming Corps first move into the American gaming market. Got2bet.com provides information in both English and Chinese, with casino reviews, ratings, news, and message boards. Got2bet.com will impact the second half of the years results, and should generate an operating profit of c.55,000.

Gamblinglistings.co.uk - A search engine cum portal, albeit with a gambling theme.

Orange.casino.co.uk - The new mobile gaming division has Orange onboard as its first major customer. Market research suggests that this could be worth up to 3.15 million net profit to Gaming Corp in its first year. Certainly Orange is a massive customer to be in bed with, and if other mobile customers come on board too then this looks set to be a very lucrative area of earnings for the company.

Onthebox.com - Onthebox.com is the leading supplier of TV listings to the UK market. Clients include the likes of The Sun, Jersey Insight, and Yahoo.

------------------------------

I hope that I havent missed anything out, but as you can see Gaming Corporation is now a rather large business, earning revenue from many different operations. Bill Johnson writes: The company is capitalised at 40 million so the 'pay-per-click' model (introduced in January) will have to reach frenzied levels of stridulation in future. But the market appears to have little doubt that it can.
I still think that it is a gambler's counter in every sense.
Obviously if Gaming Corp were simply a company based on a pay-per-click revenue model then it would be a gamblers counter in every sense. The fact that pay-per-click is just one part to the business rather flaws Bills conclusion. IMO Gaming Corporation is looking an increasingly attractive business. But then being a shareholder I would say that.

Best Wishes,

Mr K

Great stuff from Mr K --thanks Mickey. This could be the one to buy your ferrari or the island in the sun. I can dream can't I !

I'm more of a DB9 man myself. If you haven't got dreams you've got nothing.

LOL

MS