CEO appointment / KPI update

Gaming VC Holdings S.A.
02 February 2007


Press Release                                        02 February 2007


                            Gaming VC Holdings S.A.

                         ('Gaming VC' or 'the Company')

                         Appointment of Chief Executive

                                   KPI Update

Gaming VC, a leading European online casino and poker provider, is pleased to
announce the appointment of Kenneth (Kenny) Jack Alexander as Chief Executive of
the Company with effect from 1 March 2007.  Kenny Alexander will join Gaming VC
from Sportingbet plc where he was most recently Managing Director of European
operations.

Kenny Alexander, aged 37, is a member of the Institute of Chartered Accountants
of Scotland. He started his career as an accountant at Grant Thornton and joined
Sportingbet in February 2000 where he held the position of Finance Director for
European operations.

In April 2002, Kenny was appointed Managing Director of Sportingbet's European
Operations.  In this position, Kenny was directly responsible for 150 employees
from 16 countries overseeing trading, marketing, finance, IT, product
development and customer service. In addition he had overall responsibility for
all of Sportingbet's sports book and gaming sites in Europe.  Kenny was
instrumental in developing Sportingbet's operations in new European markets
including Turkey, Spain, Greece, Germany, France and Italy and driving
cross-selling initiatives in these markets.  Under Kenny's leadership, the
business became one of the most profitable gaming operations in Europe.

Commenting on the appointment, Adrian Smith, non-executive Chairman of Gaming
VC, said:  'We are very pleased that Kenny Alexander will be leading our
business and joining the Board of Gaming VC.  Bringing in an experienced gaming
executive was an important element of the changes we committed to in November.
We continue to see the benefits from effective marketing initiatives in both
poker and casino as well as on-going improvement in operating cost reductions.
We look forward to Kenny's input into the future direction of Gaming VC.'

Commenting on his appointment, Kenny Alexander said: 'I am delighted to join the
Company at this exciting time and look forward to driving the business forward
in the next stage of its development.  Gaming VC has great potential and the aim
is to take advantage and maximise the opportunities which exists in the European
gaming sector.'

There are no further disclosures to be made regarding this appointment under
Schedule 2 paragraph (g) of the AIM rules.

KPI Update

New registrations in Q4 2006 were 28,704 compared to 14,996 in Q4 2005, a 91%
increase.  10,672 new depositing customers were recorded in the quarter compared
to 7,452 in 2005, a 43% increase.  Revenue in the quarter was €9.8 million, up
1% on the previous year.

Group - Daily Revenue Q4 2006
 € '000                     Q4 2006       Q3 2006  % change versus Q3        Q4 2005 % change versus Q4
                                                                 2006                              2005
Daily revenue                   107           102                  5%            106                 1%

Group - Daily Revenue FY 2006
€ '000                             FY 2006            FY 2005  % change versus FY 2005
Daily revenue                          110                110                        -


Casino - Key Performance Indicators Q4 2006
                         Q4 2006       Q3 2006 % change versus Q3       Q4 2005 % change versus
                                                             2006                       Q4 2005
Daily revenue            €99,000       €96,000                 3%      €106,000            (7%)
New registrations            167           114                46%           122             37%
per day
New players per day           61            50                22%            57              7%


Casino - Key Performance Indicators FY 2006
                                     FY 2006            FY 2005     % change versus FY
                                                                                  2005
Daily revenue                       €105,000           €110,000                   (5%)
New registrations per day                145                 89                    63%
New players per day                       63                 49                    29%



Poker- Key Performance Indicators Q4 2006 *
                          Q4 2006       Q3 2006  % change versus         Q4 2005  % change versus
                                                         Q3 2006                          Q4 2005
Daily revenue              €7,600        €5,600              36%          €2,300             230%
New registrations             112            68              65%              41             173%

per day
New players per day            55            44              25%              24             129%

* There are no comparative figures for FY 2005 as Poker was launched in Q4 2005.

Commenting on the Q4 KPIs, Adrian Smith, non-executive Chairman of Gaming VC,
said:  'We are satisfied with the results for Q4 despite a lower than expected
casino revenue in December 2006 which was then corrected in January's trading.
We are particularly pleased with the continued strong growth of our poker
business during Q4.'

                                    - 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 leading operator in German speaking markets, specializing in on-
line casino, poker and skill games.  Gaming VC has no and has never had any
operations in the US and therefore has never transacted any wagering activity on
behalf of players in the United States.

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


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