Gaming VC, German online gaming site has reported end of the 2006 year losses that occurred mostly because of the unclear regulatory situation in Germany. To change the situation, the company is looking forward to the expansion of their gambling market in Italy. In addition to the Casino Club brand consisting of an online casino and poker room, the site is going to develop an online sportsbook.

The company’s goal is to set up an affiliate program they didn’t have earlier and marketing their brand via the internet. With the liberalization expected in Germany, privately owned and operated betting companies will get the “green light”. What else should help the German government to take a decision is European Union’s pressure and court rulings.

The decision has not been taken yet, but the company is looking for the ways to improve the situation. Now, Gaming VC is developing an online bingo and poker tournament offering. The final result is expected by the Fall 2007.