GGK Gamingking

RNS Number:0648G
Gamingking PLC
22 October 2007



                                  Gamingking Plc

                                 Trading Statement


Gamingking announces the following trading statement.

As with many other leisure businesses the company's sales have been affected by
the smoking ban, which was introduced on 1st July. First quarter sales to 31
July 2007 were slightly ahead of the prior year. However, August and September
sales saw a reduction of some 9%,compared to the same months in 2006, which it
is believed is a result of fewer members visiting the clubs. The first two weeks
of October show a return to the sales figures of last year and indications are
that the Group will achieve a similar sales revenue as the first half of 2006 if
this early October trend continues.

Overhead spend for the five months to 30 September 2007 was ahead of last year
due to expenditure on new projects, and continuing operational costs associated
with the Playprint acquisition in March this year.

Accordingly the board expects that at current sales levels, the results for the
six months to 31 October 2007 will show a loss in excess of that reported in the
first six months ended 31 October 2006. In addition, the combination of reduced
sales levels and the recent postal strike have combined to weaken the company's
cash position in comparison to the figure reported at the last year end.

In the company's annual report it was stated that a consolidation programme was
to be completed during the 2007/08 financial year, rationalising many of the
operations into one facility in the North East. The assembly process for lottery
terminals is now located at the Hainault facility, offering significant cost and
operational improvements and the rationalisation programme is now being extended
to review the current level of overheads. The Directors believe that this would
be cost neutral in 2007/08 and offer cost savings in 2008/09.

Since 1st September, when the new Gaming legislation came into force, the
company has been trialing a number of pull-tab vending machines in public
houses. The results to date have been encouraging and more information will be
made available in due course.



Enquiries:

Gamingking Plc
Guy Van Zwanenberg                    Tel: +44 (0) 118 940 4924

Seymour Pierce Limited
David Newton/Sarah Jacobs             Tel: +44 (0) 207 7107 8000




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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