***** ***** and Gaming Consultants ( ***** ) was established by its Chief Executive and founder Warwick ***** during 1998. ***** has an extensive track record in the gambling industry spanning some 40 years.

***** has established itself as the largest and most credible specialist international gambling consultancy in the world. The company has work with or supplied information to over 500 clients the majority of whom are 'blue chip'.

Projects have included market research/assessments, business/facility planning, product evaluations, design/operational reviews, the development/review of corporate strategies, license applications, regulation development for and on behalf of governments, IPOs, M and A and due diligence. Typically clients include, operators, monopolies/lotteries, suppliers, investment banks, the major consultancies, and governments.

In addition to its consultancy ***** has produced five reviews of the ***** gambling market that have been widely acknowledged to be the best available both in terms of both their detail and accuracy. The latest review published July 2010 extends to over 1400 pages.

The statistics and forecasts that are contained within the ***** Gambling Report have become widely recognised, within the industry, the financial community and the Media, as the industry standard for sizing both the online and offline gambling markets. Consequently ***** are the most widely quoted source o ***** in share prospectuses and analysts' notes as well as on TV/Radio and in publications as diverse as the Financial Times, Forbes, Time Magazine, BBC Radio 4, BBC Breakfast, ITN news, CNBC, Bloomberg, The Straits Times, New York Times, the Economist and Fortune magazine.

***** ’s tracks market data, regulation and industry news as it happens. In addition to monitoring all of the specialist industry press, both domestic and international, the company also benefits from a daily electronic press cutting service that covers more than 2, 00 publications worldwide. ***** ’s personnel spend all of their time looking at the gambling market. As a result they have a much more in depth understanding of the key issues and the direction of that market

***** ’s combination of operational and financial experience combined with our gambling industry focus, our extensive network of contacts and that fact that we are regarded as an independent commentator on the industry means that we are able to scratch the surface and get to the bottom of issues which can sometimes be clouded by data alone.

With an international focus ***** are able to offer clients an additional perspective gained from researching markets, working on projects and attending/speaking at conferences around the world. As a result in this instance we would be able to offer knowledge of the European, Australian North & South American and Asian gambling markets.

In addition ***** could offer the added value of the knowledge of over 200 additional ***** , gaming and lottery markets around the world and would be able to instantly highlight any relevant comparators, etc. ***** also keeps abreast of all the latest corporate news in the sector as the company publishes the quarterly ***** 50 and i ***** indices.

***** was advisor to The Government of Malta for two years and our advice helped Malta establish itself as the leading off shore gambling jurisdiction. We have advised the Government of Botswana on the implementation of their new Gambling Act.

We are currently working with the State of Lagos, Nigeria to develop a mobile lottery to assist in the promotion of youth sports.

We have completed two assignments for the Isle of Man government.

Our client base ranges from leading financial institutions such as UBS and Kleinwort to William Hill plc and Ladbrokes.

***** also provided the data on Internet gambling to lawyers representing the government of Antigua in its case against the United States at the WTO.

***** also produces the Interactive Gambling Report three times a year that provides country data and information on this the fastest growing gambling sector.

Case Studies

***** was engaged by a major investment bank on behalf of clients to investigate the UK’s online casino industry with a view to their clients acquiring the market leader in that segment of the market.

***** was appointed by two Eastern European entrepreneurs because sports ***** had been legalised in their country. They wanted to enter into a joint venture with a UK based bookmaker who could bring to the partnership knowledge of risk management, odds compilation, customised software and western European accounting practises. The European partners were able to bring to the venture, local knowledge, land based sites, and contacts with government. ***** ’s task was to find a company that met not only the criteria of the European entrepreneurs but where the social chemistry worked between the respective business people. ***** introduced Stanley Leisure plc and now the business is successfully operating 145 ***** shops.

***** was appointed by UBS to produce a report on behalf of one of their clients Penta a Czech private equity group. The purpose of the report was to establish an independent report on the business Fortuna and the markets where they trade in Eastern Europe. The report was attached to a prospectus for sale document.

***** was engaged by one of the UK’s largest manufacturers of instant lottery cards with a view to providing a list of potential buyers for the business. We produced a list of 20 companies that would be interested in that market.

***** was engaged by a private equity company that had GBP 6 billion under management.
They were interested in acquiring the debt of some of the major listed gambling companies and ***** ’s task was to assess the market so that the company could acquire debt with the full knowledge of the risks in the market going forward.