GAMING VC TAKEOVER PLANNED?

18 April 2008

Mystery approach to acquire online gambling group


Piqueing the interest of online gambling analysts and observers this week was a curt regulatory notice from the non-executive chairman of Gaming VC Holdings SA, Adrian Smith.

In a brief statement, Smith advised that the firm, which includes Casino Club, Casino Club Poker, Betaland and Poker Kings among its online gambling interests, has received a preliminary approach which may or may not lead to an offer being made for the entire issued and to be issued share capital of the Company.

The Board of Directors of Gaming VC Holdings S.A. is considering the approach and will make further announcements as and when appropriate. In the meantime, shareholders are advised to take no action in respect of the preliminary approach.

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