Pre-close trading update

Gaming VC Holdings S.A.
05 July 2007


Press Release                                                        5 July 2007


                            Gaming VC Holdings S.A.

                         ('Gaming VC' or 'the Company')

                            Pre-Close Trading Update


Trading update

Gaming VC, a leading European online gaming provider, today announces the
following trading update for the six month period to 30 June 2007.

The Company is pleased to announce that trading in the first six months has been
positive such that results for the full year to 31 December 2007 are expected to
be ahead of market expectations.

The revenue from the Casino has been in-line with expectations. The stated
strategy to move away from direct mail campaigning to tailored on-line marketing
in the areas of retention and recruitment has, in the last two months, shown a
reduction in distribution costs with no apparent adverse impact on recruitment
levels or revenues. If this continues over the quieter summer months, the Board
is confident that the core German business should deliver 2007 performance ahead
of current market expectations.

New registrations for the six months to 30 June 2007 were 53,200 compared to
26,900 for the six month period to 30 June 2006, a 98% increase. 16,860 new
depositing customers were recorded in the six month period compared to 12,760 in
the same period of 2006, a 32% increase.  Unaudited net revenue in the six month
period was €22.0 million, 4.3% ahead of net revenue of €21.1 million for the six
month period to 30 June 2006.


Software licence

Gaming VC is pleased to announce that the existing software licence agreement
with Boss Media AB has been renegotiated for German speaking markets and will
provide annualized cost savings of over €2 million on current activity levels.
This agreement will allow Gaming VC to use alternative software suppliers where
appropriate outside German speaking markets.


Gaming licence

The Company expects to have Maltese gaming licence approvals in the third
quarter of 2007 and to have concluded the acquisition of an Italian sportsbook
and horse racing license before the commencement of the 2007/8 Italian football
season in August 2007.

Commenting on the performance for the six months to 30 June 2007, Kenneth
Alexander, Chief Executive of Gaming VC, said: 'I am encouraged by both the
improvements in marketing efficiencies in the areas of retention and recruitment
and the cost savings achieved in marketing and software licences. I expect the
full benefits of these actions to be seen in the second half of the year. In
addition, I look forward to the launching of the Italian sportsbook operation in
August 2007.'

                                    - Ends -



For further information:
Gaming VC Holdings S.A.
Kenneth Alexander, Chief Executive                     Tel: [phone]
                                                                www.gamingvc.com
Collins Stewart Europe Limited
Chris Wells/Mark Connelly                              Tel: [phone]



Media enquiries:
Abchurch
Chris Lane / Franziska Boehnke / Hugo Jenkins          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.

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. With websites in 18
languages, Gaming VC can offer its customers play and customer support 24 hours
a day, seven days a week.

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

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.




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