26 October 2016

Gamingking no longer TheBiz


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.

Cash Shells 2015

Published in September 2015 this annual research report provides a comprehensive overview of cash shells on the Main Market, AIM and PLUS landscape. Order your copy today


Superb investment toolkit for private investors

SharePad is the new web-based service from ShareScope. Easier to use and more powerful. Perfect for tablets, Macs and Windows PC. Covers ALL your investment requirements.

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 2015

The most comprehensive review of AIM directors' pay available, and this year includes a record sample of 1000+ AIM-quoted companies. The full report is available to order for £385 + 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

US cyber attack highlights opportunity for Corero 24/10/16

Last week there was news of another internet security breach in the US. Corero Network Security has a new-generation product called SmartWall which targets this problem. It monitors incoming internet traffic in real time, identifying and diverting suspicious activity. 

STM completes smart deal 21/10/16

Specialist pensions administrator STM has completed the acquisition of London and Colonial which was announced at the time of last month’s interims. The deal is attractively priced, being earnings enhancing and offering scope to release regulatory capital.

Elecosoft acquires an ICON  17/10/16

Elecosoft has acquired software developer ICON for £2.4 million. This should fit well with Elecosoft’s German Esign unit which also supplies 3D visualisation software

Genedrive launches first test in India 12/10/16

Genedrive has undergone some significant changes over the last year. There’s a new management team in place and £6 million of fresh equity was raised over the summer to fund the commercialisation push.

Miton remains upbeat about small caps 11/10/16

The latest news in the UK fund management industry is the transatlantic merger of Henderson and Janus. So where does this leave managers at the other end of the scale like Miton? 

Sales still elusive at Fox Marble  07/10/16

It’s fair to say Fox Marble is one of the most intriguing yet frustrating shares on the market. It holds out the prospect of big dividends once the cash starts flowing from its marble quarries in Kosovo; but so far sales have been painfully slow to build.

More News