Inside Asian Gaming

INSIDE ASIAN GAMING | June 2008 38 Starting last month, Inside Asian Gaming began bringing readers a snapshot of Asian gaming capitalisation trends via ESL’s Gaming Indices. ESL, the creator of the indices, is an Asia-focused online and interactive gaming company. Its services include management and marketing of online casino and poker rooms, live videostream gaming and mobile and sports betting. Inside Asian Gaming points out that the publication of the indices and the accompanying commentary is not an endorsement of any particular stock or a solicitation to purchase any such stock. Neither ESL nor its employees, parent company, associated businesses and agents, nor IAG , its employees, agents, publisher and printer accept any responsibility for any financial losses or other liability incurred by any person taking a position in such stock. ESL Gaming Indices ESL Asian Gaming Index (AGI) Last Price 1339 High 10/30/07 1700 Low 03/20/08 1246 Last 12 Months -1.00% 900 1000 1100 1200 1300 1400 1500 1600 1700 1800 Nov 2006 Dec 2006 Jan 2007 Feb 2007 Mar 2007 Apr 2007 Jan 2008 Feb 2008 Mar 2008 Apr 2008 May 2008 May 2007 Jun 2007 Jul 2007 Aug 2007 Sep 2007 Oct 2007 Nov 2007 Dec 2007 Last 12 Months Top/Bottom 10 Performers in ESL AGI Asian Gaming Index Period 12 Months Average Return -4.63 Base Currency USD 422% 176% 105% 104% 61% 49% 39% 45% 22% 21% -66% -70% -64% -67% -70% -73% -72% -77% -77% -80% Vodone Ltd Odyssey Gaming Dore Holdings Progressive Gaming PacificNet Inc CY Foundation Esun Holdings Paradise Ent Mark Sensing Abilit Corp Adores Astro Corp Macau Success LT Konami Corp Comtec Systems Galileo Holdings Tencent Holdings Advani Hotels Berjaya Corp Bhd Berjaya Land Last Month Top/Bottom 10 Performers in ESL AGI Asian Gaming Index Period 1 Month Average Return 0.22 Base Currency USD -60% -31% -27% -24% -13% -12% -14% -12% -12% -12% 16% 16% 17% 18% 25% 27% 30% 34% 44% 102% Odyssey Two Way Ltd Royal Internatinal Esun Holdings Progressive Gaming Astro Corp Mark Sensing Matrix International Leisure &Resort Sega Sammy Hold PacificNet Inc Webzen Inc AGTech Holdings Vodone Ltd Nagacorp Ltd Tencent Holdings Sino Strategic Pacific Lottery CY Foundation Global Approach ESL Gaming Indices making it the biggest gainer on both the ESL Asian Gaming Index and ESL Global Gaming Index over the period. It qualifies for the lists as a casino resort developer.Its parent, Berjaya Corporation Berhad , which takes second spot in the year-to-date AGI Top Ten with stock growth of 175.6%,also owns interests including lottery management and gaming investments. Drivers of the Group’s and Berjaya Land’s stock price include appreciation on the value of its land bank and news confirmed early in May that Berjaya Land is to be master developer of a resort-style residential and commercial complex including a 500-room casino hotel in the city of Jeju in South Korea. The Group’s chairman and chief executive Vincent Tan recently joined’s Malaysia’s 40 Richest list with a net worth of US$1.3 billion. The Global Gaming Index for the month is definitely a list of two halves, with the top ten performers putting on a minimum of 44.31% in the case of Hong Kong-listed CY Foundation, the only provider of play-for-prize online tournaments in the Chinese market. That performance also guarantees CY Foundation number two spot in the Asian Gaming Index to 23rd May. Earlier this year, CY Foundation announced a software licensing agreement with Las Vegas From Entertainment , a software developer of popular Asian multi-player games listed on the Toronto Stock Exchange. CY Foundation would have been the best performer in the Asian Gaming Index for May had it not been for an aberration in the share price of the Australia-listed online gaming company Global Approach , which put on a hefty 102.3%. Global Approach’s Top Ten Constituents of ESL AGI by Market Cap TENCENT HOLDINGS LTD 700 12172.40 +84.73% +23.80% GENTING BHD GENT 7526.98 -24.71% +2.41% CROWN LTD* CWN 6942.69 -22.63% -1.21% RESORTS WORLD BHD RNB 6375.59 +1.80% +7.59% MELCO PBL -ADR MPEL 5423.03 -29.28% +2.67% KONAMI CORP 9766 5388.45 +25.19% -0.26% KANGWON LAND INC 035250 4607.48 +11.51% 4.12% GENTING INTERNATIONAL PLC GIL 4269.04 -29.90% +4.31% SEGA SAMMY HOLDINGS INC 6460 3256.21 -56.23% +15.87% ARUZE CORP 6425 2562.34 -15.91% +10.65% Name Ticker Price Change Last 12 Months Price Change Last 30 Days Market Cap (USD) *only since de-merger Malaysian property developer Berjaya Land has seen a whopping 422.2% gain in its shares in the 12 months to 23rd May,