30 May 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.

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

The Falkland Islands are home to some impressive oil and gas reserves

Falkland makes Isobel discovery 28/05/2015

Falkland Oil and Gas (AIM:FOGL) has made a discovery at the Isobel Deep well.

Tags: Business in the Falklands, Oil and gas

Stellar strong at Baoule 28/05/2015

West Africa-focused Stellar Diamonds (AIM:STEL) has reported sales from the auction of its diamonds in Guinea.

Tags: Diamonds, Mining on AIM

Bahamas sees second reading of Petroleum Bill 21/05/2015

Bahamas Petroleum (AIM:BPC) has noted that the Bahamian Parliament  is making progress on passing the Petroleum Bill.

Tags: Bahamas, Oil and gas

Stride joins AIM 21/05/2015

Online bingo operator Stride Gaming has joined AIM in an IPO that raised £11.2 million.

Tags: Gambling, IPOs

Optimal trading well 21/05/2015

Mobile payments specialist Optimal Payments (AIM:OPAY) issued a trading update.

Tags: Mobile payments

Secure Property expands holdings 21/05/2015

Eastern Europe-focused Secure Property Development & Investment has expanded its footprint in Romania and Bulgaria.

Tags: Eastern Europe, Property

More News