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Information about ANZ ROADSHOW

Published on February 11, 2008

Author: Dario


Slide 1: 1 Lasseters Corporation Investor Presentation August 2001 Financial Adviser Disclaimer & Confidentiality: 2 Disclaimer & Confidentiality This presentation has been prepared by Lasseters Corporation Limited (“Lasseters”), the entity formed from the merger of Lasseters Casino Pty Ltd (“Lasseters Online”) and GOCORP Limited (“GOCORP”). This presentation is being provided to a limited number of existing and prospective investors for the sole purpose of providing preliminary background financial and other information to enable recipients to review the business activities of Lasseters. It is not intended as an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities. ANZ Investment Bank is acting as financial adviser to Lasseters. This presentation should not be relied upon as a representation of any matter that a potential investor should consider in evaluating Lasseters. Neither ANZ Investment Bank nor Lasseters nor any of their affiliates, directors, agents, officers or employees make any representation or warranty, express or implied, as to or endorsement of the accuracy or completeness of any information, statements or representations contained in this presentation, and they do not accept any liability for any statement made in or omitted from this summary. Prospective investors should make an independent evaluation of an investment in Lasseters. Any decision to purchase Lasseters securities should be made after consulting a professional and financial advisor. This presentation and contents has been made available in confidence and may not be reproduced or disclosed to third parties or made public in any way with out the written permission of ANZ Investment Bank. Slide 3: 3 Corporate Overview The Business Operations Industry Environment Investment Highlights Contacts Contents Slide 4: 4 Corporate Overview : 5 Lasseters Corporation International Gaming Operator One of the world’s largest listed online gaming companies offering Internet gambling services to the international market Operations Ability to provide high quality, regulated, online gaming services through two online casinos (Lasseters Online and AusVegas). Approach Draws on management expertise of operating land-based casino businesses to offer an entertaining, responsible and customer oriented service. Leverages brand and credibility off Australia’s fully regulated status. Opportunity Capitalising on first mover advantage in the rapidly growing global online gaming industry and building on the established critical mass of players to increase market penetration, as Internet usage expands worldwide. Slide 6: 6 Formed from merger of Lasseters Casino Pty Ltd and Gocorp Limited on 29 June 2001 Majority shareholder - Lasseters Holdings - holds 76% of equity Capital consolidated on a 1 for 10 basis Trading in stock resumed on August 10 Directors of both companies form board of Lasseters Corporation Corporate Structure Slide 7: 7 Lower gaming tax rate Lasseters Casino subject to 8% tax rate compared to Gocorp’s 50% tax rate Revenue stream averaging in excess of of over $1.2 million per month New management team highly experienced in operating land-based and online casinos Two fully developed e-commerce operations with major technology costs expended Well established Internet brand - Lasseters Online Prudent approach to business strategy proven to be successful by Lasseters Casino’s strong track record for growth Disciplined and effective marketing methodology Critical mass in registered player numbers. Integration of two operations will tighten operating costs Key Strengths Slide 8: 8 Track Record for Growth Lasseters Turnover Lasseters Casino turnover grew by 148% from $105.6m to $262.2m in FY2001 Slide 9: 9 Track Record for Growth Lasseters Revenue Lasseters Casino revenue increased by 175% from $5.4m to $14.7m in FY2001 Lasseters Casino margin of revenue to turnover improved from 5.1% to 5.6% Slide 10: 10 Lasseters Casino registered player numbers grew 67% from 87,804 to 146,464 in FY2001 Broad global reach with 210 countries represented Cash players increased from 16,906 to 24,877 in FY2001 Track Record for Growth Lasseters Registered Players Conservative Business Strategy: 11 Conservative Business Strategy Drive revenue by: Constantly recruiting new players Continually refining systems and products in response to consumer demands and technological change Maintain high level of systems reliability and security to maximise traffic generation Pursue strategic alliances that create value Seek out jurisdictions conducive to international play Disciplined management by: Reviewing asset valuations to commence with a “clean slate” Reduce operating costs by consolidating offices and maximising technology synergies Ensuring business investment sustained by rate of growth The Board of Directors : 12 The Board of Directors Dato Jaya JB TanChairman Mr Tan has extensive business involvement in the gaming and leisure businesses in Australia, PNG and Ghana with hotel and casino operations in those countries. He is currently developing the “Park Hyatt Saigon” in Ho Chi Minh City. Dato has served as Chairman of several subsidiary companies listed on the Kuala Lumpur, London and Singapore Stock Exchanges. Peter Bridge Managing Director Mr Bridge joined the Lasseters Group as CEO in 1995. His employment and background encompasses many aspects of the gaming and hospitality industries. Prior to Lasseters Peter was General Manager and Australian Director of the MGM Grand / Diamond Beach Hotel in Darwin. The Board of Directors: 13 The Board of Directors Christoper Cullen Non-Executive Director Mr Cullen is Chairman of the International Chamber of Commerce, the Australian Council and Chairperson of the Casino Community Benefit Fund. From 1992 to 1998, Christopher was Chairman of the NSW Casino Control Authority. Christopher was the Chairman of GOCORP. Allan Farrar Non-Executive Director Mr Farrar is a principal of Farrar & Partners, a specialist Corporate Advisory firm. He has extensive experience in public company listings, capital raisings, mergers and acquisitions. Mr Farrar has been a Director of GOCORP since inception. The Board of Directors: 14 The Board of Directors Hon. Fred Finch Executive Director Mr Finch served in the NT Legislative Assembly from 1983 until retirement in 1997. During his tenure, Mr Finch held a number of cabinet portfolios including Gaming & Liquor, Power & Water, Education & Training. He is currently Chairman of the NT Development Consent Authority and a Director of Surf Lifesaving Australia. Kamal YP Tan, Non-Executive Director Mr Tan manages various manufacturing and distribution businesses in Malaysia and Australia. Mr Tan has also held Board positions with a number of companies in S.E.Asia, Australia and in the U.K. The Board of Directors: 15 Tajuddin J H Tan, Non-Executive Director Mr Tan serves on a number of Boards in Malaysia and Australia. Mr Tan is actively involved in private gaming and leisure businesses in Australia, PNG and Ghana. John Walton, Non-Executive Director Mr Walton serves on a number of Boards as Chairman or Non-Executive Director including Walton Enterprises, the Australian Institute of Management and Sydney Children’s Hospital Foundation. The Board of Directors Slide 16: 16 The Business Operations Slide 17: 17 Extensive Product Suite Twenty one fully tested, approved and regulated traditional casino and slot games distributed online Games and their clones can be developed and used on both Lasseters Online and AusVegas Best performing AusVegas games included on Lasseters Online when upgrade launched by Q2 Slide 18: 18 Established gaming software and databases Defence in depth security systems Systems with capacity to handle robust growth Games development and marketing performed in-house Gaming systems “back-end” run off the ACES gaming software platform Fully Developed Technology Global Marketing Strategy: 19 Global Marketing Strategy Tap high growth regions of Western Europe and Asia Forecast growth in general Internet usage by 111.6% between 2000 and 2003 to 201 million users Develop multi-lingual gaming sites Conduct marketing campaigns in foreign languages Create new games to cater for regional interests Cost effective marketing campaigns through ongoing analysis and refinement of direct marketing and advertising Utilise new technologies to expand services to players and improve site performance (eg. Increase speed and additional alternatives for funds transfer) Responsible Gaming Practices: 20 Responsible Gaming Practices In order to maximise player satisfaction and further strengthen brands, Lasseters will continue to conduct gaming operations responsibly and ethically. This involves: Strict registration procedures Real time credit card checks Financial transaction controls Comprehensive audit trail of player transactions Player support services such as online counselling services Conforming to Australian Standards and Government Regulations including Federal initiatives Slide 21: 21 Industry Environment Slide 22: 22 Continuing Strong Internet Gaming Growth Source: Bear Stearns Equity Research, “Gaming Industry”, March 2001 Industry Characteristics: 23 Industry Characteristics Player participation forecast to rise from 34m in 2000 to 52m in 2002 Growing legitimacy and credibility of the global industry 50 jurisdictions regulating online gaming Regulation being developed by United Kingdom, South Africa, Canada US State of Nevada investigating regulatory methods Barriers to entry are steep and increasing (competition, capital requirements, regulations) Well established and properly regulated operators expected to take greatest market share Regulation will force out smaller players “Operators with strong brands and a strong, established customer base will be the most viable.” Bear Stearns, March 2001 Australian Regulatory Overview: 24 Australian Regulatory Overview Australian regulated online casinos continue to offer the highest standards of player protection in the world Interactive Gambling Act 2001 assented to on July 11, 2001. Prevents Australian online casinos from servicing the Australian market Minimal impact on Lasseters - 99.8% of revenue before the Act was sourced from international markets ‘Good neighbour’ policy not expected to be utilised. Limited number of countries comply with conditions necessary to bring into effect Clarifies previous regulatory uncertainty enabling Lasseters to expand Slide 25: 25 Investment Highlights Investment Highlights: 26 Investment Highlights One of the world’s largest publicly listed online gaming companies Industry revenues forecast to double over next two years Competitive brand and global market position Experienced management team with success in operating land based and online casinos Established and growing revenue stream Over 150,000 registered players providing broad global reach Ability to service primary international markets confirmed Strong track record of successful management and business growth through Lasseters Casino : 27 Contacts ANZ Investment Bank Martin Hanrahan Greg Dunstan Dan Hilvert Executive Director Senior Manager Executive Ph: (02) 9226 6914 Ph: (02) 9226 6921 Ph: (03) 9273 2215 Lasseters Corporation Peter Bridge Michael Head Managing Director Chief Financial Officer Ph: (08) 8950 7721 Ph: (07) 3230 1111 Burson-Marsteller Joanne Pafumi Director, Corporate Finance Ph: (03) 9685 8550

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