The List - Part 2

17 October 2006

Gaming VC Holdings

Description:Casino and poker room operator.

Share Value (AIM)

July 14: 308
Aug. 31: 319
Current: 90
Change (7/14 to present): -70%

US Betting Policy

Gaming VC Holdings said on Oct. 15 that while its competitors have been challenged this summer in both the U.S. and certain European markets, it continues not to transact U.S. bets. And in Europe the Group does not operate a sports book.

Global Approach Limited

Description:Australian online casino operator.

Share Value (ASX)

July 14: 0.09
Aug. 31: 0.08
Current: 0.04
Change (7/14 to present): -55%

US Betting Policy

Global Approach Limited announced on Monday a new policy to no longer accept U.S. bets following the signing of the Unlawful Internet Gambling Enforcement Act. The company, which takes in 50 percent of its revenues from U.S. players, said it plans to offset any potential revenue loss by expanding focus into the European and Asian markets. Managing Director James Canning-Ure said the company was already in mergers and acquisitions talks with a number of potential global partners. GAL launched in June a Japan-focused casino, ibigcasino.com, and has recently re-launched its UK-focused casino, ukcasinoclub.com.

Interactive Gaming Holdings Plc

Description:Casino sports book operator.

Share Value (AIM)

July 14: 5.25
Aug. 31: 6.00
Current: 5.12
Change (7/14 to present): -2%

US Betting Policy

In accordance with new U.S. legislation, Interactive Gaming Holdings (IGH) does not have any operations in the U.S. The company announced on Tuesday a move into South Asia through a white label contract with Curacao-licensed Maharajah Club. "The alliance will provide IGH with access to the South Asian gaming market at an elementary stage of its development, with a partner who understands its inherent cultural differences," said IGH Chief Executive John Heaton.

International All Sports Limited

Description:Sports book and race book.

Share Value (ASX)

July 14: 0.34
Aug. 31: 0.30
Current: 0.27
Change (7/14 to present): -20%

US Betting Policy

In a statement released Oct. 5, the Board of International All Sports Limited said it was disappointed that the U.S. government was passing laws to circumvent its commitment under the General Agreement of Trade and Services to the World Trade Organization to allow free international trade for purely protectionist reasons. It also noted that the impending legislation included an exemption for horse racing and would not affect the business of IASbet.com. The company is, however, taking legal advice to understand the forthcoming regulations and any implications they may have for the firm.

IQ-Ludorum

Description:I-gaming software provider.

Share Value (AIM)

July 14: 6.62
Aug. 31: 4.88
Current: 2.25
Change (7/14 to present): -66%

US Betting Policy

As announced earlier this month, IQ-Ludorum (IQL), like Neteller, has committed to "monitoring developments closely," although the company acknowledged that the U.S. legislation was expected to have an ". . . adverse impact on the group's provision of gaming software and gaming specific services."

Ladbrokes

Description:Casino, poker and sports book operator.

Share Value (AIM)

July 14: N/A
Aug. 31: N/A
Current: 386p

US Betting Policy

Ladbrokes Poker has never accepted players from America since they opened for business in May 2002. And the company ended months of speculation in August when it announced that it would not be entering the U.S. given the apparent crackdown on Internet gambling in the U.S. and the imminent changes in the U.S. legal landscape.

Leisure & Gaming

Description:Casino, poker and sports book operator.

Share Value (AIM)

July 14: 111
Aug. 31: 74
Current: 8.45
Change (7/14 to present): -92%

US Betting Policy

Leisure & Gaming's (LNG) CEO Alistair Assheton announced Friday that he would lead a management buyout of the company's U.S. operations for $1, saving the company $6 million in shutdown costs. "Leisure & Gaming simply could not keep the U.S. business going, but it'll be just fine with its Italian business," Assheton said. "The company . . . wanted to protect about 300 jobs in the U.S. operation." Other reports, however, have indicated that the sale may have "constituted a technical breach" of stock market rules and is under investigation by the London Stock Exchange (LSE). "We will fully investigate any apparent rule breaches and I can confirm we are looking at this case," an LSE spokesman said.

Lasseters Corporation Limited

Description:Online casino operator

Share Value (ASX)

July 14: 0.06
Aug. 31: 0.06
Current: 0.04p
Change (7/14 to present): -33%

US Betting Policy

Las Vegas From Home.com Entertainment

Description:I-gaming software provider and poker room operator.

Share Value (CDNX)

July 14: 0.20
Aug. 31: 0.17
Current: 0.08
Change (7/14 to present): -6%

US Betting Policy

Neteller

Description:Online payment and money transfer provider.

Share Value (AIM)

July 14: 455
Aug. 31: 418
Current: 147
Change (7/14 to present): -67%

US Betting Policy

Neteller has said the U.S. ban could have a "material adverse effect" on its U.S. arm. The firm, which has three million customers in 160 countries, says it will adapt its business to mitigate any fallout from the U.S. measures.