Report 2nd quarter 2014

Quarter 2 Report – MALTA – 30th July 2014

Consolidated Group Financials for the period January to June 2014:

• Turnover: 506,121 Euro Loss after taxation: -728,305 Euro
• Earnings per shareL -0.01293 Euro
• Number of shares by 30 June 2014: 56,286,609
• Consolidated Group Financials for the period January to June 2013:
• Turnover: 0 Euro
• Loss after taxation: -764,694 Euro
• Earnings per share: -1.0180 Euro
• Number of shares by 30 June 2013: 42,214,957
• Financials for the period January to June 2014
• Angler Gaming plc: Turnover: nil Euro
• Loss after taxation: -273,812 Euro
• Earnings per share: -0.00486 Euro
• Number of shares by 31 June 2014: 56,286,609
• Financials for the period January to June 2013
• Angler Gaming plc: Turnover: nil Euro
• Loss after taxation: -162,249 Euro
• Earnings per share: -0.0038 Euro
• Number of shares by 31 June 2013: 42,214,957

COMMENTS FOR Q2 2014:

• Deposits overall for Q2 2014 were up by 60% compared to Q1 2014
• Gross Game Win increased by around 37% over the previous period (Q1 2014)
• Deposits less withdrawals were up by 99% over the previous period (Q1 2014)
• The ‘hold’ percentage for deposits less withdrawals increased from 42% to 51% compared with previous quarter
• Group restructure complete Comments from Steve Boyle, Business Development and Integration Manager: The general trend is very encouraging as highlighted in the key points above. A close look at our individual brands reveals that deposits at CasinoEstrella have increased by 70% compared with Q1. Lucky31 endured a real roller coaster quarter with some big losses in June following on from its best ever month in May. The relocation of some of the Starfish staff to Malta is now complete and the group have restructured accordingly. We have signed a new games supplier deal with Yggdrasil from which we are expecting great results in Q3. We are continuing with our efforts to bring in new partners and hope to be in a position to announce a joint venture operation in the very near future. We are optimistic that our brands will continue to show the necessary growth required in order to break-even and then achieve profitability.

Comments from David Gray, Chariman, Angler Gaming:

Q2 has seen many encouraging developments. Our in-house brands Casino Estrella and Lucky 31 continue to show month on month increasing revenues, as does our B2B brand . The rights issue launched at the EGM in April was successful and raised sufficient capital for the ongoing development of our brands, together with the prospect now of acquiring cash generating online gaming operations to accelerate the expansion of Angler. The departure of our former Starfish CEO Hans Dahlgren was announced and we wish him well in his newly married life. As a result, the company has reassessed and refocused our operational activities and will go forward with clearly defined goals, led by our Business Development and Integration Manager, Steve Boyle, and our C.O.O Marvin Abela.

SNAPSHOT OF Q3:

• Negotiate with more potential B2B partners
• Integrate and develop new games from Yggdrasil
• Announce a Joint Venture with an online gaming operator
• Assist our existing B2B partner to grow
• Date for Q3 2014 report will be 31st October 2014.

Enquiries:
Michael Bennett, CEO [email protected] 
(For financial report please see attached document)