29 March 2015

Gamingking no longer TheBiz

01/10/2002

Lottery operator TheBiz.com, one of the last remaining dotcoms on Aim, today became the latest firm to ditch the now infamous suffix, changing its name to Gamingking to reflect 'a clear and unambiguous change of strategy'. Elliott Davis reports.

Cynics could argue that the change effectively leaves Gamingking back where it started two and-a-half years ago. At the time the company existed as pure lottery business Lotteryking, changing tack with the acquisition of Web-based information portal the Business Information Zone (BIZ) in March 2002.

Finance director Guy van Zwanenberg is more positive. He argues that Gamingking is now in far better shape than it was 30 months ago, even though the old Lotteryking business is once more central to the group. He claims a 66 per cent increase in lottery-related operating profits last year as evidence of this.

Van Zwanenberg also notes that, while mistakes have been made, much has been learnt (on the technology front) from BIZ. Moreover, he says that today BIZ is cash-neutral and still in operation.

Gamingking will now focus its efforts on taking advantage of 'upcoming opportunities in the gaming industry'.

This latest change of name means only five dotcom companies remain on Aim, a number likely to reduce further in the near future. Former e-commerce venture bizzbuild.com is a cash-shell awaiting a reverse takeover, while the board of StartIT.com yesterday reiterated comments that it is considering all options, including members' voluntary liquidation.

Gamingking shares remained unchanged at 0.8p on the day.

Growth Company Investor: free trial

Since 2008, our share tips outperformed the benchmark by 281%. Take a free trial and get access to our recommendations today. Start free trial now.

Directors' Pay on AIM 2014

The most comprehensive review of AIM directors' pay available, and this year includes a record sample of 1,044 AIM-quoted companies. The full report is available to order for £365 + VAT. Click here for more info

Latest small-cap and growth company news

Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.

Popular News

Latest News

The company received the proceeds as part of a wider consortium

652k on the Horizon 26/03/2015

Horizon Discovery Group (AIM:HZD), a provider of research tools and services for genomics research, has received £652,000 as part of a consortium. 

Tags: Biotech, Fundraising

Pantheon drilling ahead 26/03/2015

AIM-quoted US-focused oil and gas play Pantheon Resources (AIM:PANR) has updated investors on its latest activities.

Tags: Oil and gas, USA

Petroceltic leaving Kurdistan 26/03/2015

Irish oil explorer Petroceltic International (AIM:PCI) reported that it was ending its involvement in the Kurdistan region of Iraq.

Tags: Iraq, Oil and gas

Plexus Holdings announces Chinese deal 26/03/2015

Scottish oil technology specialist Plexus Holdings (AIM:POS) has announced a partnership with Chinese oil services provider Yantai Jereh.

Tags: China, Oil and gas

AFC wins German permit 26/03/2015

Alkaline fuel cell developer AFC Energy (AIM:AFC) has won a permit to build the 'world's first alkaline fuel cell facility' in Germany.

Tags: Germany

Karelian makes major find 20/03/2015

Finland-focused Karliean Diamonds (AIM:KDR) has discovered a potential new diamond source.

Tags: Diamond mining

More News