Re: Litigation

Gaming VC Holdings S.A.
01 November 2006


Press Release                                                    1 November 2006


                            Gaming VC Holdings S.A.
                          ('Gaming VC' or 'the Group')

                            Statement re Litigation


The Board of Gaming VC note the recent lawsuit filed against the Group on 24
October 2006.  The Group was served with a lawsuit filed by Fort Knox Consulting
LLC ('Fort Knox') in the United States District Court for the District of
Massachusetts.   The suit alleges that Gaming VC has wrongfully failed to
acknowledge an alleged agreement between the Group and Fort Knox whereunder Fort
Knox would receive a commission of 500 basis points (5%) of the aggregate
consideration for any joint venture, merger, acquisition, or stock or asset
purchase or sale transaction with any of thirteen identified counterparties.


The complainant seeks a declaratory judgment as well unspecified damages for
alleged breach of the implied covenant of good faith and fair dealing and
alleged violation of the Massachusetts unfair trade practices statute, Mass.
Gen. Laws c. 93, ss. 1-11.   The suit also names Gaming VC's CEO, Steve Barlow,
and former director Scott Miller as individual defendants based on alleged
tortious interference with the alleged agreement.   Gaming VC has engaged
counsel to vigorously defend the suit.


                                    - Ends -

For further information:

Gaming VC Holdings S.A.
Adrian Smith, Non-Executive Chairman                   Tel: [phone]
[e-mail]                                          www.gamingvc.com


Media enquiries:
Abchurch
Chris Lane / Franziska Boehnke                         Tel: [phone]
[e-mail]                             www.abchurch-group.com


Notes to editors

Gaming VC is a key operator in the European online gaming sector, specializing
in casino.


Gaming VC has no online operations in the US and does not transact any wagering
activity on behalf of players in the United States.

Further information on the Company is available at www.gamingvc.com.


                      This information is provided by RNS
            The company news service from the London Stock Exchange    

MSCAKDKBOBDKBDK