Directorate Change

Gaming VC Holdings S.A.
01 November 2006


Press Release                                                    1 November 2006




                            Gaming VC Holdings S.A.

                          ('Gaming VC' or 'the Group')

                              Directorate Changes



Gaming VC Holdings S.A. (AiM:GVC), a leading European online casino provider,
announces the following changes to its Board, all of which take place with
immediate effect, along with the associated reduction in operating costs.



By mutual agreement, Steve Barlow relinquishes his position as Chief Executive
Officer and it has been agreed that his employment terminates in accordance with
the Terms of Employment as set out in his executive service agreement.  He will
remain as a non-executive Director on the Board.  Gerard Cassels, Finance
Director, and Paul Hambelton, Chief Marketing Officer, assume the role of joint
Chief Executive on an interim basis whilst the Board seeks to appoint a
permanent CEO.  The Group has already hired executive search consultants
Pentasia to find a suitable replacement.



Adrian Smith, an independent non-executive Director of the Group, is appointed
non-executive Chairman whilst Nigel Blythe-Tinker moves to a non-executive
Director position.



Further to these changes, the Group also announces that it has reviewed the
remuneration structure for the Board with reduced packages for all non-executive
Directors.  Steve Barlow will continue to contribute to the Group but this will
be on a non-paid basis at his own request.



The Group continues to be confident about its future prospects and is looking
for opportunities to deliver shareholder value in a rapidly consolidating
industry.



A trading update on the Group's performance in October will be made in November
2006.



Steve Barlow, non-executive Director, said:  'Having followed closely
developments in the gaming industry, I believe it is now time to bring in new
talent to take the Group forward and lead it in the next stage of its
development.  I will continue to help the Group in its strategic objectives and
look forward to working towards delivering increased shareholder value.'

Adrian Smith, non-executive Chairman, said:  'The Board has charged management
with reducing operating costs significantly over the fourth quarter of 2006, and
reflecting these reductions in the 2007 plan.  In addition, the Board has
committed to examining any and all opportunities for improved shareholder
returns which will result from the recent changes in the online gaming industry
following the introduction of the Safe Ports Act.  Gaming VC has never had any
operations in the US.'



                                    - 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