Commenting on the results, Justin Drummond, Chief Executive of Gaming
Corporation plc, said:
"It has been an excellent year in which the Group has been transformed into a
profitable operator in the fast growing interactive gaming sector. During the 12
months ended 30 September 2005, through a combination of organic growth and key
acquisitions, the size and scope of our business has increased materially. We
have achieved a maiden profit whilst launching a number of innovative gaming
products and a new division aimed at the rapidly expanding mobile gaming market.
The launch of the mobile gaming service with Orange UK was a milestone in the
development of this division and we are in ongoing negotiations with a number of
UK and European mobile networks with a view to replicating the success that we
have had with Orange UK.
The acquisition of Gambling.com in the second half of the year has proven to be
a great success, and has continued to perform markedly above our expectations.
Gaming Corporation continues to dominate the on-line gaming portal market and
has benefited from both our advertisers' requirement to attract new customers
and unprecedented market growth. Whilst there has been recent comment regarding
the increasing cost of customer acquisition in the online gaming industry, these
growing subscriber acquisition and marketing costs have been beneficial to
Gaming Corporation as operators are now prepared to pay substantially more to
acquire customers from our gaming portal network.
With the increased scale in our portal and advertising network and the launch of
our new mobile gaming division, the business is now very well positioned to
generate significant profitable growth in the coming financial year and
consequently we continue to look forward to the future with confidence."