THINK WE ARE LOOKING AT A 1 BAGGER IF DICKS IS GIVEN AN APOLOGY TOMORO....

Why would that happen?
As stated:"Dicks' arrest confirms what gaming operators began to fear after David Carruthers' arrest on July 16. The BETonSPORTS situation is no longer an isolated case but becomes the first of the U.S. DoJ series of actions against gambling companies."
I cannot see any reason for them to apologise.
Have you seen Sportsbook.com, the U.S. facing SBT site? IMO it will be shut down, even if it is only a temporary suspension.
But, I hope you are right.

I would agree there is potential for a good rebound on WGP, as it got simply hit too hard.........

Bid talks were 104p for WGP just at the arrest of Dicks.

Sportingbet Plc


14 September 2006


Further to its recent announcements regarding Mr Peter Dicks, Sportingbet
confirms that, with great reluctance, at 2.25 p.m. today, the Board accepted the
resignation of Mr Dicks as Independent Non-executive Chairman of Sportingbet
with immediate effect. Mr. Dicks indicated that he wishes to concentrate on
personal matters. The Board will announce a new Independent Non-executive
Chairman in due course.

That's one in the eye for the Americans!
Now they have no leverage over SBT policy.

Target 104p :)

7 September 2006

World Gaming plc/Sportingbet Plc

STATEMENT REGARDING POSSIBLE OFFER

The Boards of World Gaming plc ("World Gaming") and Sportingbet plc
("Sportingbet") note the recent movement in World Gaming's share price and
confirm that they are in very preliminary discussions which may or may not
result in Sportingbet making a recommended all share offer for World Gaming.
Based on the closing price of a Sportingbet share of 244 pence per share on 6
September 2006, the offer envisaged would value each World Gaming share at an implied price of 104 pence. There can be no certainty whatsoever that agreement will be reached and an offer will be forthcoming.

The proposed transaction remains subject, inter alia, to due diligence by both
parties which has not yet commenced.

World Gaming confirms that it has 54,428,630 ordinary shares of 0.2p each in
issue with ISIN GB00B07RW076 in accordance with Rule 2.10 of the City Code.

Strong finish, and we should see plenty more blue now to pull this back to a lot nearer the proposed 100p+ level.

With SBT now over 200p, lets work it out

200 * 0.4 = 80p

So still lots of WGP upside to get in line with that ratio for the potential SBT bid :)

Just been looking at the prices for this and the spread seems too wide, or am I missing something here?

http://www.lse.co.uk/MarketReports.asp?shareprice=&ArticleRef=51200&ArticleHeadline=UK_small_caps_open_firmer_with_Aveva_wanted_after_bullish_update

................ while hopes that the Sportingbet bid talks are still on lifted World Gaming 3 to 63-1/2. In a separate development, millionaire Peter Shalson has taken a 6.4 pct stake in World Gaming by way of a derivative position........................

http://www.saturninnovation.co.uk/clients/dsc/CMS/nmanagerpro/attachments/onlinebetting_morning_flash_150906.pdf


..........it should be noted that Sportingbet's shares rose 25% yesterday to 192p, implying an 83p/share value on World Gaming under the previous publicly announced possible bid conditions.................

R88AVE - You are right. The spread is 10%, which would discourage anyone taking a short position. The only way I can see to make money here is on the rumour / hope of SBT making an offer & the sp jumping accordingly. But with SBT's sp fluctuating so much, it might be difficult to reach a valuation.

sold out at 64p...done my research on this company and LNG is 10x better imho

maestro

maybe so for lng but who is in for the potential bid though? Fundementals may be brilliants but hey if SBT choses WGP, I am in!

Just looking at trade dealings last Friday and it appears 200k of share were bought at 64p were bought around the time when gaming stock started to drop like flys. Now why would they would they do that then!!
Do you think it could be quick buys from the directors while in talks of possible takeover?

We should see MR PETER SHALSON buying some more to add to his 6.84% holding. He is obviously buying based on the potential takeover, and when you see people like that buying, then its not so much a potential takeover, but one that is going to happen, so punters should follow his lead and tuck them away and wait for the bid to come through. I am sure it will happen in such a way as the originally mentioned 104p target is somewhere near the actuation of the deal I think.


As per the rule 8.3 on Friday he was buying as follows :

http://www.advfn.com/p.php?pid=nmona&article=16851340

CFD LONG 100,000 @ 49.75p
CFD LONG 50,000 @ 55p
CFD LONG 70,000 @ 61p

http://www.bettingmarket.com/shalson128511.htm

A few tick ups on L2, now 3 v 2 @57/61

PapalPower sorry to sound thick here, what do you mean in your last note?

L2, its the amount of MM's on the bid and offer. Simply the above means 3 MM's trying to buy your sells at 57p and 2 MM's trying to sell into your buys at 61p.

This would show strength, as more MM's are taking investor sells and than offering to fill buys, and would point to possible a rise.

It has risen, and L2 is now 2 v 2 @59/64

Another rule 8.3 released and yes, Peter Shalson is a buyer to 67p it looks like. Which means he might be buying again now :)

Very positive stuff.

http://www.advfn.com/p.php?pid=nmona&article=16870960


CFD LONG 10,000 @67p
CFD LONG 67,500 @65p