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.

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

Gaming Corporation PLC


GAMING CORPORATION PLC ('THE COMPANY')

DIRECTOR SHAREHOLDING

The Company was notified on 19 May 2005, that Mr. Justin Drummond, Chief
Executive of the Company, purchased 180,000 ordinary shares of 1p each in the
Company ('Ordinary Shares'), at a price of 13.25p per Ordinary Share for a total
cost of 23,850.


wilbs

Even the directors are buying. The mm's can't keep this down for much longer.

MS

In the light of GMC's tremendous moves forward this year, I was expecting a
less conservative brokers report CONCLUSIONS then what was published.
However, if the report is read carefully the detailed information contained
within it gives the best full appraisal even done on GMC.

Casino.co.uk - "Attracting over 3 million unique vists in March 05 alone and
was ranked the No 1 UK gaming website, attracting 21% of all UK gaming trafic,
greater than Betfair (13%), Ladbrokes (6%), or William Hill (6%)".

"Each banner click earns the company 2.50 while the casino earns revenues from players wagers"

They mentioned the Orange tie in (New product channel), but as this is a ground
breaking deal (new market, never been done before) hardly any projections have
been done with it. This area has the potential to be the biggest part of GMC's
operations. Justin did say that they are talking to ALL the network providers
at the moment, furthermore the profit figure of 3.15m in the 1st year rising to
6.3m in the second year came from the research Orange had done and from JD.

Earnings Summary. (Year end 30th Sept)

The 2005E is for a 143% increase in Net revenue

...................165% increase in Gross profit
Based on SP of 14p x 143% = 34p

The 2006E is for a 158% increase in Net revenue

...................180% increase in Gross profit
Based on SP of 34p x 158% = 87p


Remember this is with little of the Orange turnover factored in (40k in F06)
as there is no past figures to work on this will be adjusted as the business grows.

The 24p price target is based on their three-stage DCF model, which is further
discounted by 11.1%. (Page 17 of the report)

The DCF model is based on 5 companies in three sectors, Internet Gaming
Software, Internet Gaming Operations, and Online Bookmakers, one of which has
a market cap of 1,035m, another of 864m.

In conclusion I believe it is not a case of 'If' GMC will hit the 24p target,
but how quickly. I would suggest that serious investors take time to read and
fully digest the report as good interest should be found with GMC when it is
fully appraised.

Nice one axe79. That will save me a copy & paste job.

MS

another director buying,100,000

They are snapping these up. Better follow their lead.

wilbs

In IC today:


Friday 20/05/05
Gaming Corporation has not been slow to capitalise on the booming online gaming market. A string of acquisitions and new business lines have equipped it with the largest gambling internet search portfolio in the world. Its Casino.co.uk site is the most visited gaming site in the UK, attracting over 3m visitors a month. These visitors can catch up on gaming news and follow links to other sites.

And earlier this month, Gaming Corp snapped up Gambling.com, the leading gaming search engine, with links to over 500 affiliate sites. Both Gambling.com and Casino.co.uk generate revenue on a pay-per-click basis as visitors follow links. Previously, Gaming Corp collected fixed fees from advertisers, but it moved to a pay-per-click model in January, and has seen significant improvements in profitability.

In April, the company entered the mobile gaming market in a deal with Orange to offer nine mobile-handset-based games.

Ord price: 14p Market value: 38m
Touch: 13-14p 12-month High: 19p Low: 2p
Dividend yield: nil PE ratio: na
Net asset value: 4p Net cash: 10.2m

Half-year Turnover Pre-tax Earnings per Dividend per
to 31 Mar (m) profit (000) share (p) share (p)

2004 5.53 -386.0 -0.31 nil
2005 9.93 -52.3 -0.03 nil
% change +80 - - -

Last IC view: 29 Apr 2005, page 16

Gaming Corporation has established a strong position in the online gaming arena, and is making progress towards profitability. The shares' liquidity has also improved, with several large institutions building stakes. Good value.


wilbs

I think its been mentioned on the board before about patience, and I'm sticking with a full year horizon. When I get the necessary funds another batch will be brought then just sit back and watch this tick away.....

Have been watching this since unloading earlier in year. The recent director buys are negligible when compared to the M's they sold in early March.
sd

I am hoping to build a fair size stake and wait too--with the market all over the place at the moment it's nice to feel fairly confident in a company. there were large director sells earlier in the year but they were supposed to be satisfying institutional demands. high hopes with this one!

Gaming Corporation PLC


GAMING CORPORATION PLC ('THE COMPANY')

HOLDING IN COMPANY

The Company was notified on 19 May 2005 by Cantor Fitzgerald Europe, that it has
an interest in and is the registered holder of 12,958,571 ordinary shares of 1p
each in the Company as at 16 May 2005, representing approximately 4.72 per cent.
of the issued share capital of the Company.

25 May 2005

wilbs

do thay buy for clients or is that a fund buying in??

seems like the impatient are leaving......

will be waiting to see if the mobile phone-gambling takes off at all.....

Hi Belisce, I got impatient with GMC a month or so ago. Mobile marketing is a dimension of the industry I'm involved with myself. Although we've always regarded it with heaps of potential it's never really wow'd us to any extent, and it's still regarded as an incidental revenue stream as oppose to anything worth really investing in. After some thought I fancy mobile gambling will follow suit, I'd like to be wrong but I don't think it will have the same impact as internet gambling, just like m commerce is a fraction of the industry e commerce currently is. It's a difficult one to call, I'm watching closely.

thanks Chiva20.....the mobile thing was slightly worrying me as well........because i was thinking that to get thru to people, are they allowed to send unsolicited advertising for it ? - i thought not.....

i thought that the customer would have to initially ask for access on their mobile.....not to sure about any of this......

I also tend to think that the people that internet-gamble generally do it at work when bored, or in the evening at home when bored.....so they may in fact not want to gamble on their mobile; as there will be no need to.

However, on the other hand; i suppose it (GMC going to mobile-gambling) is all about trying to tap into the people that are simply hooked on it......

Belisce, agreed completely. The permission issues you mention are spot on aswell, although as with all of these things no doubt they'll find a way around it somehow, but I imagine it will be a temporary hindrance and an area for negative publicity. I play poker online etc. occasionally and I would only really do that at home when bored as you say. I think most mobile gaming is active primarily in the under 18's demographic which naturally doesn't fit the gambling profile. I am guessing here though. They may tap into the hooked market but this is only a fraction of the 'bored market' (shall we call them), I just can't see this crossing into mass market as GMC would like to portray.

All IMO, I was bullish about GMC once upon a time but I've changed opinion more recently. Good luck all

Don't get excited but it's turned blue. Volume increasing lots of buys.

MS