PRESS RELEASE
Statement re New Lottery State Treaty
14 December 2006
The Board of Gaming VC notes the recent decision by 15 of the 16 Premiers of the German Bundesl ä nders to postpone the signing of the new state treaty on gambling. In its current form the new state treaty would retain the monopoly in the German lottery market and to a large extent ban remote gambling. The decision to postpone the vote follows considerable discussion at both Bundesl ä nder and federal level.
A further announcement regarding the treaty will be made as soon as additional information is available.
The Board of Gaming VC notes the recent share price movement and press speculation that it is in discussions with certain parties which may or may not lead to a formal offer being made for the Company. The Board wishes to confirm that, from time to time, it has discussions regarding the strategic options of the Company. Such discussions have currently not progressed beyond a preliminary stage and there can be no certainty that any such discussions will lead to an offer being made for the Company.
For further information:
Gaming VC Holdings S.A. |
|
Adrian Smith, Non-Executive Chairman |
Tel: +44 (0) 20 7398 7700 |
| investors@gamingvc.com | |
Media enquiries: |
|
Abchurch |
|
Chris Lane / Franziska Boehnke |
Tel: +44 (0) 20 7398 7700 |
Notes to editors
Gaming VC is a leading operator in German speaking markets, specializing in on-line casino, poker and skill games.
Gaming VC has no and has never had any operations in the US and therefore has never transacted any wagering activity on behalf of players in the United States.