Gaming VC

Buy what you can IMHO. I doubt it will be long before the preliminary discussions become an offer. If its sportingbet we may get a cash and share offer. Good things ahead IMHO. A company valued at £30m that on a really bad year would still make £10m and a great way for someone like Sportingbet to gain entry into the Online casino market and the synergies that the two would develop could be very eps accretive. For this reason I would like a combined Cash and share offer to gain some of the upside that will be forthcoming to the bidder with an opportunitic takeover.