Trading Statement

Gaming VC Holdings S.A.
07 December 2005


7th December 2005

                    Gaming VC Holdings S.A. ('the Company')
                November Update and Dividend policy confirmation

The Directors of Gaming VC are pleased to announce further increases in new
customer activity and revenue in the month of November and confirmation of the
company's 2005 dividend policy.

New Registrations in the month of November were 3,645 compared to 3,272 in
October, an 11.3% increase. 1,783 new depositing customers were recorded in the
month compared to 1,439 in October, a 23.9% increase. Daily revenue in the month
has increased month on month by 9.9% to €110.7k confirming the trend experienced
in October, further underlining the effectiveness of the strategic marketing
programme.

Following solid results in October and November the Directors confirm it is
their intention to pay a full second half dividend of 21p making 42p for the
year.

Commenting on the performance for November, Steve Barlow, Chief Executive said,
'With new registrations continuing to strengthen and the stronger revenue
performance in October and November, we are confident that our strategic
marketing programme will deliver our target month on month revenue growth of 2%,
thereby consolidating our position in 2006. We can confirm that the dividend
will be 42p for the year delivering on our promise at the IPO. Given the likely
outlook for 2006 it is the Board's intention to maintain this level of payout.'

For further information contact:
Steve Barlow, CEO                              020 7554 1400
Ken Cronin, Gavin Anderson & Company           020 7554 1400
Robert Speed, Gavin Anderson & Company         020 7554 1400

Note to Editors

Gaming VC Holdings SA (AIM: GVC) is a leading online casino games operator with
an annualized handle in excess of EUR 1.5 billion. The majority of its existing
customers come from German speaking countries. The company listed on the
Alternative Investment Market in December 2004. Gaming VC Holdings also owns two
magazines, Casino Club and Roulette. Through unique marketing approaches and its
innovative informational magazines GVC is able to attract and retain some of the
highest value casino players in the sector.




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