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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 PLC 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, today provides an update on recent trading. The first quarter of the 2006 financial year has seen continued strong trading across the Group, generating first quarter profits before tax materially ahead of the profits for the whole of the previous financial year. The Board is confident that the results for the year ending 30 September 2006 will be at least in line with market expectations. Portals and Advertising Gambling.com continues to make a strong contribution to Group profitability and during the first quarter there has been continued upward pressure on the cost per click advertising rates. The advertising base has continued to grow with over 1,000 casino and poker sites now listed on the Gambling.com search network. Search syndication where the gambling.com search technology is imbedded in 3rd party gambling portals is starting to gain traction and this should be an area of considerable growth during 2006. Casino.co.uk has experienced further quarter on quarter growth and has benefited from additional search based revenue through a search syndication deal with Gambling.com. Eyeconomy, our online media sales division continues to perform strongly and has assisted the Group in growing the portal network and existing gaming operations through targeted advertising campaigns and strategic advice. Interactive Gaming The mobile gaming division launched with Orange UK continues to gain traction having signed up over 7,000 registered customers during the initial launch phase. As Orange UK intensifies their marketing effort we would anticipate further growth in this division. In addition, the Company remains in ongoing advanced negotiations with a number of network operators in the UK and Europe with a view to replicating the success we have experienced with Orange in the UK. Justin Drummond, Chief Executive, commenting on recent trading, "Gaming Corp has continued to make significant progress since the start of the 2006 financial year. The business is now experiencing profitable growth and generates significant levels of free cash flow". For further information contact: Trevor Phillips, Holborn PR, 020 7929 5599 Justin Drummond, Chief Executive, 020 7618 9000 Jason Drummond, Chairman, 020 7618 9000 Damion Greef, Communications Director, 07736 381 030
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