Trading update

Gaming VC Holdings S.A.
06 December 2007



Press Release                                                  6 December 2007


                            Gaming VC Holdings S.A.

                         ('Gaming VC' or 'the Company')

                                 Trading Update

Gaming VC Holdings S.A. (AiM:GVC), a leading European online gaming provider, is
pleased to announce the following update on trading.



Gaming VC is confident that current trading is slightly ahead of management's
expectations for full-year forecasts, reflecting the additional sportsbook
revenue since the successful launch of its Maltese operation in August 2007.
The Company has also benefited from reduced operational costs including the
re-negotiated Casino service contract in the second half of the year and the
cessation of the direct mail campaign in May 2007 in favour of increased CRM
focus and affiliate campaigns.  The current expectations for the full year
assume gross win rates that are in line with the year to date.



Securing the EU license in Malta and ensuring that all of Gaming VC's German
customers will be playing in the Maltese Casino by the end of 2007 mitigates the
Company's risk profile given that no clarity has yet been provided on how the
proposed German State Treaty on Gambling will be implemented in 2008. The
proposed draft was in violation of Community Law.



Unaudited gross win to date is identified below:


Euro '000                        YTD          YTD         5 mths       5 mths
                              Nov-07       Nov-06          H2 07        H2 06        H1 07        H1 06
Gross Win
Casino                        35,254       35,414         14,771       15,004       20,483       20,410
Poker                          2,915        1,942          1,397        1,144        1,518          798
Sportsbook                       945            -            945            -            -            -
Total                         39,114       37,356         17,113       16,148       22,001       21,208
Funded Sign ups*              43,568       30,366         18,432       14,907       25,136       15,459

*New players per day



The Company had an unaudited cash balance of €14.8 million as at 30 November
2007.



New funded accounts increased by 24 per cent. compared to the same period last
year.  Overall casino and poker volumes have been flat in the last five months
however the successful launch of Gaming VC's new sportsbook at the end of August
2007, generated €6.5 million in turnover in its first three months of trading,
representing a 14.4 per cent margin of €945k.  This has allowed the Company to
not only register growth in terms of margin and new funded accounts but also to
diversify away from its core German business.



KPIs in the second half of 2007 show that the overall gross win was 6 per cent.
ahead of the same period last year.  In the 11 months to the end of November
2007 the margin generated from all products is 5 per cent. ahead of the
corresponding period last year.



Kenneth Alexander, Chief Executive of Gaming VC, said: 'Securing the Maltese
license and moving our core business there positions Gaming VC well to reduce
legislative risk to its operations in Germany and to provide an additional
platform to expand our business.  We continue to believe that our year-end
profits will be slightly ahead of market expectations and are confident that the
business will continue to grow and diversify away from its core German business
during 2008.'



                                    - Ends -



For further information:
Gaming VC Holdings S.A.
Kenneth Alexander, Chief Executive                 Tel: [phone]
[e-mail]                             www.gamingvc.com


Arbuthnot Securities Limited                       Tel: [phone]
Nick Marsh, Corporate Finance

Paul Vanstone, Corporate Finance                   www.arbuthnotsecurities.co.uk

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




Notes to editors


Gaming VC is a leading provider of casino, poker and skill games in European
markets.  The Group is headquartered in Luxemburg and licensed in Curacao,
Netherlands Antilles and Valletta, Malta.

In December 2004, Gaming VC's shares were admitted to the AIM market of the
London Stock Exchange.

Gaming VC's management team has a wealth of experience in the gaming industry
and has a significant track record in successfully identifying and penetrating
new markets.  The Group is focussed on delivering an innovative product offering
and is dedicated to providing sophisticated Customer Relationship Management
(CRM) to ensure high levels of customer satisfaction.

Gaming VC's offering includes traditional casino products such as roulette and
blackjack, a variety of poker games and a sportsbook.

Gaming VC uses Internet marketing and affiliate networks for customer
acquisition as well as direct mail as a tool for customer retention purposes.
Gaming VC has no and has never had any operations in the US.


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