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GMC Global Market

50.00
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Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Global Market LSE:GMC London Ordinary Share KYG3927E1145 ORD USD0.0002 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 50.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Gaming Corporation Enters the Online Poker Market

20/07/2005 7:59am

UK Regulatory


    Gaming Corporation PLC

Gaming Corporation PLC

20th July 2005

Gaming Corporation enters the online poker market through a deal with
PokerNetwork.

Gaming Corporation plc ("Gaming Corp" or "the Company"), the number 1 gaming
portal operator and owner of both www.gambling.com and www.casino.co.uk,
announces it has signed an agreement with PokerNetwork one of the world's
leading poker operators which is owned by Ongame e-solutions AB.

Gaming Corp has today entered the fast growing online poker market through a
licensing agreement with PokerNetwork. Under the terms of the agreement
PokerNetwork will provide fully customized poker software that will enable
Gaming Corp to offer its rapidly growing database of customers a state of the
art and highly liquid multiplayer poker application that can be accessed both
online and via a mobile device. Under the terms of the agreement Gaming Corp
will undertake all responsibility for customer support and financial
transactions but will pay PokerNetwork an ongoing license fee for the use of the
poker software.

PokerNetwork consists of an exclusive group of premium partners, including
PokerRoom.com, that drive customers into a shared pool of poker players. Each
partner retains ownership of its own player database and continues to earn
commission for the lifetime of the player as they compete across the network of
over 5 million worldwide poker players.

The highly competitive ongoing license fee and size of the PokerNetworks
existing community will ensure that Gaming Corp enters this fast growing market
with best of breed software and most importantly heavily populated poker tables
from day one.

It is anticipated that this service will be launched at the beginning of
September.

Justin Drummond, Chief Executive of Gaming Corp, commented,

"This is a key deal for Gaming Corp; we will be able to offer our extensive
customer database multi-player poker that can be accessed on the internet or via
a normal mobile handset. Mobile poker players simply log on to a live poker
table in the same way they do online joining thousands of simultaneous players
competing from the internet or mobile device".

"Multiplayer mobile poker will be extremely attractive to our existing and any
potential European mobile network operators"

Karl Magnusson, VP and Chief Administration Officer of Ongame, commented,

"We are delighted to have signed this deal with Gaming Corp, a partner in which
we see great potential. We are confident that this partnership will generate
significant revenues for both companies."


For further information contact:

Damion Greef, Communications Director, 07736 381 030
Trevor Phillips, Holborn PR, 020 7929 5599
Justin Drummond, Chief Executive, 020 7618 9000

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