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.

Taken from another board.


Cannacord's take on today's results.

Technology -- Internet Gaming

Interim Results: Stellar Growth, strong cash flows

Event
Gaming Corporation has released its H1/06 interim results. The company reported stellar growth with net revenue (after player wins) up 131.7% Y/Y to 2.9 million, while gross profit was up 214.6% Y/Y to 2.3 million. Management stated that the strong performance is an endorsement of its strategy of focusing on its highly profitable portal and search engine operations as the companys online advertising product contributed all of its 1.3 million H1/06 net profit. Gaming Corporation also reported strong positive operating cash flows of 1.1 million, up from 0.5 million in H2/05 and a healthy 3.9 million cash balance.

Impact
We are maintaining our EBIT estimates for the full year and raising our F06 EPS 14.0% to 1.06p from 0.93p, as we no longer expect the company to begin paying tax in 2006. Gaming Corporation has significantly changed its product mix, focusing strongly on its advertising product and away from its casino offering. As a result we are altering our net revenue, gross profit and our selling and distribution costs expectations to bring them in line with the shift in product mix. We are also increasing our full year cash balance forecast 60% to 5.6 million from 3.5million.

Valuation
We still believe that Gaming Corporation is significantly undervalued and are maintaining our BUY recommendation and 12-month price target of 25p based on our three-stage DCF model, which incorporates a 10.0% long-term CAGR (2008-2015) and a terminal growth rate of 2.5%, discounted using a WACC of 11.1% based on a beta of 1.21.

At least this shows they have confidence in the future of GMC.


Gaming Corp chairman, CEO, CFO, buy shares in co

LONDON (AFX) - Gaming Corporation plc said that directors Jason Drummond,
Justin Drummond and Paul Tuson told it that they bought shares in the company
yesterday.
Chairman Jason Drummond bought 428,000 shares, or 0.16 pct of the capital,
at 11.71 pence per share. This raises his holding to 12,707,618 shares or 4.60
pct of the capital.
Chief executive officer Justin Drummond bought 172,000 shares or 0.06 pct of
the capital, likewise at 11.71 pence per share. His holding has risen to 422,000
shares, or 0.15 pct of the capital.
Finance director Paul Tuson acquired 170,000 shares, or 0.06 pct of the
capital, at 11.50 pence per share. He did not hold shares in Gaming Corp before
that. Tuson was appointed finance director last month.
newsdesk@afxnews.com
jsa

Nice to see the Directors dipping their toes in the water. I'm also pleased to see I bought cheaper. It's looking good but patience is still required.

LOL
MS

Your right about patience Mickey in these market conditions,i think i will keep away from the computer for a while and hope for a turnaround in market sentiment.

Nice 1,250,000 buy went through at the end.

whats happening here?! nasty little drop this last month.....

anyone no what is going on with gmc, no news on whether the vodaphone deal has gone live yet?

Went live a couple of days ago. As did the search adverts gambling.co.uk.

Too late to have much impact on this years revenue, but better late than never.

hell of a chart!!!

What sent the price down???

the price looks to be hanging on the edge of a a cliff!!!

any reasons for this sudden drop?!

LONDON (Reuters) - Fears of a crackdown on online gambling in the United States knocked another 600 million pounds off UK gaming stocks on Tuesday after the FBI moved to shut down the U.S. operations of BETonSPORTS.
Gambling executives in the $12 billion (6.56 billion pound) industry were also assessing their personal exposure after BETonSPORTS said it had been unable to contact Chief Executive David Carruthers, who was detained on Monday and is being held in Fort Worth, Texas.
A U.S. indictment seen by Reuters laid out criminal charges against a number of individuals including Carruthers, who had spearheaded a campaign to defeat a Republican-written bill to crack down on online gambling, and BETonSPORTS founder Gary Kaplan.
After losing over 300 million pounds on Monday, stocks in the sector fell again after BETonSPORTS asked for its shares to be suspended. Sportingbet was down 12 percent at 1134 GMT (12:34 p.m. British Time), PartyGaming down 7 percent, and 888 Plc and BETandWIN both down 10 percent.
NATWEST THREE
"The language used in the Department of Justice release suggests to us there is the possibility that other Internet sports books could be targeted," said leisure analyst Richard Carter at Numis Securities.
BETonSPORTS said it was urgently trying to clarify the situation and assess the impact of a temporary restraining order on its business in the U.S., its biggest market.
"This comes a week after the extradition of the NatWest Three, and a lot of companies will be looking at their travel plans," said leisure analyst Wayne Brown at Altium Securities, referring to three British bankers extradited to the U.S. last week on fraud charges linked to the defunct energy giant Enron Corp.
"It's not just travel," said one UK gaming executive who declined to be named. "The U.S. has proved it can get to anyone it wants in the UK. A lot of executives are feeling very uncomfortable."
Prime Minister Tony Blair's spokesman declined to comment when asked whether gaming executives could be extradited to the U.S.
The U.S. Department of Justice said on Monday that BETonSPORTS was among 11 individuals and four corporations facing various charges of racketeering, conspiracy and fraud.
The founder of BETonSPORTS.com, Gary Kaplan, 47, was also charged with 20 felony violations, and a warrant has been issued for his arrest, it added.
"BETonSPORTS.COM and other gambling Web sites operated by Gary Kaplan and his co-defendants offered gamblers in the United States illegal wagering on professional and college football and basketball," said a copy of the indictment seen by Reuters.
The indictment lists violations from 2001 to as recently as April, 2006.
It includes violations of the "Wire Wager Act", which gaming companies such as 888 and PartyGaming have always viewed as a reason not to enter the U.S. sports betting market.
The Federal Bureau of Investigation (FBI) has instructed four telephone companies to stop providing services to BETonSPORTS, the company said, citing the U.S. Department of Justice.
The United States has also filed a civil case ordering BETonSPORTS to stop taking sports bets there and to return money held by U.S. customers in their gaming accounts. A hearing in the case could be held within 10 days.

On holiday at moment, my stop-loss chucked me out at 9.75p thank God.
Tempted to buy back in at this price but where will the drop stop???
This company appeared under-valued when I bought in with plenty of upside so this crash was unexpected and until I know why I'll keep the cash.

GMC shouldnt be affected as they have steered clear of the US market from what i understand!

Nice strong finish to the day.
2517

great finish the day back at 10p nearly with lots of big buys during its drop recently should mean there are less shares available to buy and the price will raise further.

Let's try to turn the tide---------No buys yet.
2517

That didn't work then.
2517

anyone got any news on this share, the share chart looks a mess!

Fom advfn - sabretooth
I am a buyer at these levels. Re-entering after selling at 9's back in July. There was a big gaming stocks write up in shares mag yesterday. GMC got 4.5 stars out of 5 on the back of its business model and limited US exposure. It was one of the highest rated of all the gaming stocks. Those with heavy US exposure recieved 2 out of 5. A blistering trading update will push us back over 10p. Good luck all.