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Thema: World Gaming Archiv News

  1. #21
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    27.07.2001

    World Gaming Announces Release of Version 3.2

    Next generation software includes more than 30 Internet casino games, sports book and pari-mutuel betting
    St. John’s, Antigua, July 27, 2001 - World Gaming plc (NASDAQ OTC: WGMGY), a global pioneer in I-gaming technologies, has released version 3.2 of its widely-used, state-of-the-art I-gaming software. Further, the company has announced that future product enhancements will be put into production every 12 weeks.

    “World Gaming 3.2 is a major accomplishment for the company and a demonstration of current management’s commitment to meeting its targets and deadlines,” said Mike Aymong, CEO of World Gaming. “World Gaming 3.2 significantly raises the bar for I-gaming software. No one in our industry is offering such a powerful I-gaming environment, nor are they committed to such an aggressive product development schedule.”

    World Gaming 3.2 offers 10 Instant play Java casino games, 6 Java lottery games and 15 C++ downloadable, Windows environment casino games. World Gaming 3.2 also offers sports book and pari-mutuel betting, including live horse racing, greyhound and Jai Alai action. Additional features and functionality include an innovative, back-office Command Center that allows licensees to manage their business and generate dozens of usage and financial reports, ensuring ongoing service improvements and a better customer experience.

    “World Gaming 3.2 incorporates the industry-leading security afforded by our recent partnership with HNC Software," said David Pasieka, COO of World Gaming. “There is no doubt that today we are offering the safest and most entertaining I-gaming experience on the market. These are the two measures that will guide us as we roll out further product enhancements aimed at capturing greater market share.”

    Industry analysts at Bear Stearns, a New York-based finance and investment company, estimate that by 2004 more than 15 million people annually will place wagers online. The total amount wagered annually, according to Christiansen Capital Advisors, will top $6 billion by 2003.

    “We have put a strong international sales and marketing team in place to support this release,” said Aymong. “World Gaming has a tremendous market opportunity, as our competitors continue to play catch up, and we intend to capitalize on that opportunity.”

    Availability
    World Gaming 3.2 is available July 27, 2001. Interested parties can contact sales for licensing the software, by visiting the World Gaming Web site at www.worldgaming.com. Existing licensees will be migrated to the new software on a request basis.

    About World Gaming plc
    World Gaming plc is a pioneer and leader in I-gaming software and e-commerce technologies. World Gaming is an international developer, licensor and provider of the industry’s most comprehensive offering of online gaming products, including casino, sports book and pari-mutuel betting. For more information about World Gaming, visit the company’s Web site at www.worldgaming.com

    Investor Relations:
    World Gaming plc
    604-685-7619
    [email protected]

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  3. #22
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    30.07.2001

    Sportingbet.com Becomes World Gaming's Number One Licensee With Acquisition of Internet Opportunity Entertainment

    London, UK, July 30, 2001 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming technologies, announced that Sportingbet.com plc has become the company’s number one licensee following its acquisition of Internet Opportunity Entertainment.

    Sportingbet.com, a global Internet bookmaker, will acquire all of Internet Opportunity’s properties including the leading sports book and casino sites SportsBook.com, Wallstreet.com and Playersonly.com.

    “This is tremendous news and represents very real global expansion opportunities for World Gaming,” said Mike Aymong, CEO of World Gaming. “Our meeting today in London with Sportingbet.com has set the groundwork for what is an important new business relationship for our companies.”

    In March of this year, Sportingbet.com acquired the entire issued share capital of Australia's largest private bookmaker, The Number One Betting Shop Limited, providing a substantial physical and operating presence in Australia and New Zealand. Further, the company signed an exclusive 5-year marketing deal with Ozmosa Limited and Singinvests, both of which provide a substantial network of gaming sales agents in East and South East Asia, the world’s largest betting market.

    “I have long admired Internet Opportunity and regard it as one of the most successful examples of Internet bookmaking,” said Mark Blandford, CEO of Sportingbet.com. “World Gaming has played an important role in this success and I look forward to the exciting opportunities our new relationship affords.”

    World Gaming recently extended its exclusive agreement for sportsbook.com, playersonly.com and acescasino.com with Internet Opportunity until 2004 and will continue under Sportingbet.com as part of the recent announcement.

    About World Gaming plc
    World Gaming plc is a pioneer and leader in I-gaming software and e-commerce technologies. World Gaming is an international developer, licensor and provider of the industry’s most comprehensive offering of online gaming products, including casino, sports book and pari-mutuel betting. For more information about World Gaming, visit the company’s Web site at www.worldgaming.com

  4. #23
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    20.08.2001

    World Gaming and Canadian Authorities Settle Three-Year Old Starnet Investigation

    Vancouver, BC, August 20, 2001 - Starnet Communications International, a subsidiary of World Gaming plc (OTCBB: WGMGY), has reached a settlement with Canadian authorities whereby the subsidiary plead guilty to a single charge, a violation of Section 202 (1) b of the Canadian criminal code, bringing the three-year old RCMP investigation into the historical operations of the company, for the period ending in August 1999, to a close.

    “This conclusion allows us to shed the past and move forward toward the kind of exceptional growth and success this company is capable of achieving,” said Michael Aymong, CEO of World Gaming. “This is a watershed event for the company -- a major milestone -- and putting an end to this matter is very positive for our shareholders. World Gaming is operating under an entirely new management team, business direction and operational structure. As we go forward, we do so with a strong commitment to compliance and a constructive relationship with governments here in Canada.”

    The action included a fine of $100,000 CDN and a $15,000 CDN victim surcharge. As well, the company has consented to a forfeiture of $3,925,000 US. Authorities have approximately $7.6 million US of the company’s funds currently under restraint. As a result of Friday’s decision, approximately $3.6 million US will be returned to the company.

    About World Gaming plc
    World Gaming plc is a pioneer and leader in I-gaming software and e-commerce technologies. World Gaming is an international developer, licensor and provider of the industry’s most comprehensive offering of online gaming products, including casino, sports book and pari-mutuel betting. For more information about World Gaming, visit the company’s Web site at www.worldgaming.com

    Media Relations:
    Wendy Long
    Account Director
    (416) 924-9100 ext 263
    [email protected]
    Investor Relations:
    World Gaming plc
    604-685-7619
    [email protected]




    Safe Harbour Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing, evaluation and deployment of products, fraud occasioned upon licensees of World Gaming, regulation of the online gaming industry, and other risks detailed from time to time in World Gaming’s filings with the Securities & Exchange Commission. We assume no responsibility for the accuracy and completeness of these statements and are under no duty to update any of the forward-looking statements contained herein to conform these statements to actual results. This is not an offer to sell or a solicitation of an offer to purchase any securities.

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    23.08.2001

    World Gaming Opens Corporate Headquarters In United Kingdom

    LONDON, UK August 23, 2001 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming technologies, announced the opening of the company's corporate headquarters in London, England. The office will also serve as the regional marketing and sales offices aimed at accelerating the company's growth throughout Europe, the Middle East and Africa.

    "This is a crucial operational footprint for the company and a demonstration of management's commitment to strengthening our global position in the I-gaming market," said Mike Aymong, CEO of World Gaming. "In addition to establishing an important and necessary corporate presence in the UK, we now have a base from which to augment our current marketing and sales efforts in Europe, the Middle East and Africa."

    The company announced its incorporation in the United Kingdom in May of this year, a jurisdiction that is currently overhauling its regulation of the gaming industry.

    "The UK offers World Gaming a progressive environment from which to operate," said Aymong. "This is a jurisdiction with a mature gaming history and we intend to take advantage of the pending legislative changes, as well as tap into its favorable capital markets."

    According to a recent survey by Datamonitor, an international market research firm, the worldwide Internet betting market is forecast to be worth $US4.9 billion by 2004, while the UK online market will be worth $US2.8 billion.

  6. #25
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    28.08.2001

    World Gaming Symbol Change

    London, UK August 28 - World Gaming plc, a global pioneer in I-gaming technologies, announced that the OTC BB has changed World Gaming's trading symbol from WGMGY to WGMGE, indicating late filing of its financial results. It is World Gaming's position after advice from legal counsel, that as a foreign issuer, the company has a maximum six month period to file its financial results, giving the company until October 31, 2001 to file its April 30, 2001 year end results. World Gaming is currently in discussion with the NASDAQ to rectify this issue.

    "World Gaming has recently undergone a reorganization including re-domiciling in the United Kingdom and a change to the company's financial year," said Rodney Davis, CFO, who was appointed in July 2001. "It has been our intention to file our year end statements for the period ended April 30, 2001 prior to the end of September. Therefore, regardless of the result of our discussions with the NASDAQ, the company will be filing within the next 30 days and will maintain its OTC BB listing."

    About World Gaming plc
    World Gaming plc is a pioneer and leader in I-gaming software and e-commerce technologies. World Gaming is an international developer, licensor and provider of the industry's most comprehensive offering of online gaming products, including casino, sports book and pari-mutuel betting. For more information about World Gaming, visit the company's Web site at www.worldgaming.com

  7. #26
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    30.08.2001

    World Gaming Symbol Returned to WGMGY

    London, UK, August 30, 2001 - World Gaming plc, a global pioneer in I-gaming technologies, announced that the OTC BB is returning the World Gaming trading symbol to WGMGY from WGMGE, effective Friday, August 31, correcting an error by NASDAQ in its records regarding World Gaming's status as a foreign issuer. As a foreign issuer, the company's annual filing for the period ending April 30, 2001 is due October 31, 2001.

    "This was an unfortunate error and I am glad to have the matter resolved," said Mike Aymong, Chief Executive Officer. "As announced earlier this week, the company will be filing year end results in September, at which time we will be hosting a conference call for shareholders. I look forward to being able to review the company's financial progress at that time, as well as provide an update on corporate activities following the installation of a new management team."

  8. #27
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    06.09.2001

    World Gaming To Launch Wireless Blackjack, Slots And Sports Betting On Pocket PC And Palm OS Platforms


    London, UK, September 6, 2001 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming technologies, today announced the signing of a software licensing agreement with Sona Innovations Inc., a leading North American provider of secure mobile solutions, that will see the introduction of wireless applications for its most popular games, blackjack, slots and sportsbook, before the end of the year.

    Under the three-year agreement with Sona, World Gaming will be deploying three games on Microsoft's Pocket PC - expected delivery November 2001 - and Palm OSâ - expected delivery December 2001 - built on the Sona Wireless Platformä. Microsoft's Pocket PC and Palm OS devices were chosen for World Gaming 's first wireless software suite, due to screen size and capabilities, input method, power management, network bandwidth, device memory, graphics and processor power.

    "The wireless market is growing exponentially and it represents a very real opportunity for World Gaming to expand its global presence - particularly in Europe and Asia where wireless gaming is more advanced," said Michael Aymong, CEO of World Gaming. "Wireless is an exciting new opportunity for World Gaming - enlarging our total available market and increasing revenue streams for our existing products and services."

    World Gaming selected its most popular offerings - blackjack, slot machine, and sportsbook betting for the initial wireless suite, with plans to expand in the future. The new products will tap into the users of online casinos and sports betting, which dominate up to 73 per cent of the online gaming market.

    A recent Datamonitor report projects that revenues from the total mobile gaming markets in the US, Europe and Asia Pacific will grow from an estimated $950 million in 2001 to $17.5 billion in 2006. The international research firm also reports that Asia Pacific is currently the wireless gaming capital of the world, with 60 million gamers. In Europe, 41 million currently play games on their mobile phones or PDAs, compared to 22 million in the US. By 2006, Europe will have over 150 million wireless gamers, while in the US, the number will grow to 124 million.

    "Data is typically encrypted then decrypted, which has inherent security risks," said Jeff Halloran, president and CEO of Sona Innovations. "The robust architecture of Sona's technology is very unique, as it does not use public gateway servers and it rapidly deploys an animated presentation layer unlike any other wireless service. Sona's client software establishes a secure session on the Pocket PC or Palm operating platform and communicates directly with World Gaming's servers. Through our unique end-to-end secure approach to deploying applications on handheld devices, we are able to deliver to World Gaming a wireless solution that provides the level of presentation, performance and protection the World Gaming community has come to expect. Being network carrier agnostic, Sona Innovation's one of a kind solution becomes an immediate global platform to support World Gaming's secure growth."

    World Gaming evaluated several vendors before choosing Sona Innovations. Sona was selected based upon the following criteria: a strong commitment to continued diligent support of World Gaming products and services, synergies of respective business models, number of wireless devices supported, ease of implementation, and security.

    "Our new wireless suite of products is a plug-in solution, requiring no back-end integration, that leverages and extends existing World Gaming technologies, products and services," said David Pasieka, COO of World Gaming. "Wireless technology is still in its infancy and continuously evolving. Standards, protocols, network and client device issues require significant and dedicated development resources. Sona Innovations' experience successfully delivering bullet-proof applications for the banking and brokerage industries has made the company the ideal supplier for World Gaming and has addressed our concerns over security."

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    20.09.2001

    WORLD GAMING APPOINTS VP PRODUCT DEVELOPMENT TO DRIVE SECURITY, GAME DEVELOPMENT AND WIRELESS PRODUCTS

    London, UK, September 20, 2001 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming technologies, announced the appointment of David Fleming, VP of Product Development, to drive the company's software development strategies.

    With more than 12 years of experience in the technology industry, Fleming joins World Gaming from IronLion Management Inc, a wireless incubation company, where he was CTO and partner. Prior to joining IronLion, Fleming spent two years as CTO for White Picket Defenses Inc., a wireless security solution company where he worked with such clients as CDS (SEDAR.COM), mBanx, KPMG, CIBC, CEBRA, 724 Solutions, and Internet Secure. Fleming also built two successful e-commerce companies and held a management team position in LGS Groupe's e-commerce division.

    "David Fleming brings more than 12 years of e-commerce experience to World Gaming and in the world of the Internet that is a lifetime," said Mike Aymong, CEO of World Gaming. "David is respected as a top strategist and is widely known in the industry as a thought leader in the fields of electronic and mobile commerce. His appointment will allow us to accelerate development in the areas of security, gaming and wireless."

    Fleming was a member of Centennial College E-Commerce Steering Committee and is a regular public speaker. He holds a bachelor of business administration with a major in computer science from York University in Toronto as well as having studied Astrophysics, Computer Science and Mathematics at the University of Toronto.

  10. #29
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    25.09.2001

    World Gaming plc Reports Fiscal 2001 Results

    London, UK, September 25, 2001 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming technologies, today announced results for the fiscal year ended April 30, 2001. All figures are in U.S. dollars. For additional notes to the financial statements please refer to the Company's 6K.

    Total revenue for the year was $20.2 million, a 13 per cent increase over the $17.9 million reported in fiscal 2000. The Company reported a loss from continuing operations of $16.8 million or $0.52 per share for the year ended April 30, 2001 compared to $4.5 million or $0.16 per share for the prior year.

    During the fiscal year the Company incurred a number of one-time charges relating to restructuring, bad debts and other balance sheet adjustments and accruals for the settlement of outstanding legal matters totalling $10.5 million.

    SG&A expenses increased 54 per cent from the previous year to $18.0 million as the Company made substantial investments in software development in conjunction with the launch of its new software platform, version 3.2.

    "2001 represented a turbulent time for the Company which resulted in a number of significant, one-time charges," said Mike Aymong, World Gaming CEO. "With many of the legal matters, bad debts and restructuring costs behind us now, World Gaming is in a much stronger position to focus on its core business."

    Gross margins decreased slightly to 70.6 per cent in 2001 from 71.2 per cent in 2000, largely due to an increase in transaction processing charges. World Gaming expects these rates will improve as the Company assumes more direct control of its transaction processing expenses.

    Breaking the revenue down by sector, royalty related revenues increased 33 per cent to $18.4 million, while licensing revenues decreased 56 per cent to $1.8 million. This was primarily due to a delay in new license sales in anticipation of the release of the new version 3.2 software package.

    "The new World Gaming is now in an excellent position to take a leadership role in the I-Gaming industry and substantially improve its overall financial position," Mike Aymong further commented. "As part of the reorganization, management has put into place a new sales team for both Europe and the Americas, which will substantially boost World Gaming's overall sales. Our mandate is simple, to improve shareholder value through a focus on profitability, growth and customer satisfaction by flawlessly executing our business plan."

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    16.10.2001

    World Gaming Launches First Portugese Language Site

    www.querapostar.com introduces Brazilian Soccer to its sportsbook

    London, UK, October 16, 2001 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming technologies, today announced the launch of its first Portuguese language gaming site through its licensee Internet Empire Entertainment Ltd., owners of www.Pyramidcasino.com.

    Internet Empire Entertainment and World Gaming have entered into an agreement in which World Gaming will provide the technology and application in support of Internet Empire Entertainment's Querapostar Internet casino property.

    The Brazilian site will go live today at www.querapostar.com using World Gaming 3 software, the most powerful software package in the I-gaming industry. The www.querapostar.com Web site offers users the ability to play up to 10 different java casino games, as well as bingo, lotteries, pari-mutuel and sportsbook. The site also introduces the first World Gaming sportsbook to offer Brazilian soccer.

    "Languages of the world, as well as regional content such as adding Brazilian soccer, are critically important ingredients to accelerating the success of our licensees and our growth internationally," said Mike Aymong, CEO of World Gaming. "Our standing commitment is to software upgrades every 12 weeks. With our advanced language engine now in place we were able to offer Internet Empire Entertainment a Portuguese playing environment in only a few weeks. We are on track to release further enhancements in the coming weeks as we drive to tighten our development cycles in order to satisfy our customers' needs."

    www.querapostar.com will be among the growing number of sites currently operating or being migrated onto the World Gaming 3 software suite, launched at the end of July this year.

    "We have been a World Gaming customer for more than a year and are pleased with the direction the company is taking, especially with the introduction of new languages and regional content," said Craig Levett, COO of Internet Empire Entertainment Ltd. "Not only does World Gaming 3 offer our English language users an enhanced playing environment, it has given us the opportunity to expand our business. We are confident that our www.querapostar.com site, with its sportsbook offering Brazilian soccer, will be well received in the Brazilian market."

    Since the launch of World Gaming 3, ten existing licensees have chosen to develop new casino sites on the next generation software. Players can check out the new software at www.casinounreal.com, www.worldsbestcasino.com, www.casinokings.com, www.racebook.com, www.greatluckcasino.com, www.2000onlinecasino.com, www.thecasinoriviera.com, www.querapostar.com, www.thisinternetcasino.com, and www.piratecasino.com.


    About World Gaming plc
    World Gaming plc is a pioneer and leader in I-gaming software and e-commerce technologies. World Gaming is an international developer, licensor and provider of the industry's most comprehensive offering of online gaming products, including casino, sports book and pari-mutuel betting. For more information about World Gaming, visit the company's Web site at www.worldgaming.com

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    30.10.2001

    WORLD GAMING Q2/Q3 EARNINGS CONFERENCE CALL

    London, UK, October 30, 2001 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming technologies, invites you to participate in a conference call to discuss the five-month period ending September 30, 2001.

    Mike Aymong, chief executive officer, David Pasieka, chief operating officer and Rodney Davis, chief financial officer will discuss World Gaming's Q3 earnings, ended September 30, 2001, as well as the final two months of Q2, ended June 30, 2001, not previously disclosed due to a change in the Company's financial year. Management will also provide an update on recent business activities. The Company will release its results prior to the call.

    Going forward, the company will be reporting quarterly results on a regular schedule. Further, management announced it will provide mid-quarter communications via a new addition to the Company's Web site, under the heading Shareholder Updates, which can be found in the Investor section.

    Date: Wednesday, November 21, 2001
    Time: 8:30 a.m. (EST)
    To participate: Please dial 1-888-209-3775 to participate in the call. To ensure your participation, please call in about five minutes prior to the scheduled start of the call.

    For those unable to participate, a taped rebroadcast will be available approximately one hour after completion of the call until midnight, Tuesday, November 27, 2001. To access the rebroadcast, dial 1-800-558-5253 and enter the pass-code 19945397.

    To access the simultaneous Web cast, please go to the World Gaming web site at www.worldgaming.com and select the attached link, or go directly to the Q1234 website at www.q1234.com for directions. Participants will require RealPlayer™ software that can be downloaded prior to accessing the call. Please note that this is listen only mode.

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    06.11.2001

    World Gaming Provides Positive Outlook

    London, UK, November 6, 2001 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming technologies, today provided guidance on revenue, gross margins and earnings, including expectations of a profitable fourth quarter, for the period ending December 31, 2001.

    "In less than nine months new management has strengthened the company's operations and set an attainable path toward profitability," said Mike Aymong, Chief Executive Officer. "We have improved internal processes and procedures and strengthened our service platform for licensees. These initiatives ensure that we are well-positioned to take advantage of significant opportunities in this high-growth industry."

    The company provided guidance on key financial measures:
    · Royalty revenue is expected to recover after a difficult September caused by events in the United States.
    · Overall, revenues in each of the fourth quarter 2001 and the first quarter 2002 are expected to be in the range of $6 million to $7 million.
    · During the same period, gross margins are expected to return to historic levels of 75 to 80 per cent.
    · Net income is expected to be in the range of $0.9 million to $1.1 million in the fourth quarter of fiscal 2001 and in the range of $0.8 million to $0.9 million in the first quarter of fiscal 2002.

    "Looking ahead, we remain committed to developing new sportsbook products and to making further improvements to our European and Asian offerings," said Mr. Aymong. "In the coming months, we expect to introduce new gaming products and enter into new jurisdictions, which will contribute to ongoing revenue in the second half of fiscal 2002."

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    21.11.2001

    World Gaming plc Reports Results for the Period Ending September 30, 2001

    London, UK, November 21, 2001 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-Gaming technologies, today announced results for the three-month and five-month periods ending September 30, 2001. For additional notes to the financial statements please refer to the Company's 6K. Note that the Company has changed its fiscal year end to December 31, which results in the five-month stub period. All figures are in U.S. dollars.

    Total revenues for the quarter ending September 30, 2001 were $3.3 million compared to $4.8 million for the same period last year, representing a decrease of 31 per cent. Net loss for the quarter ending September 30, 2001 was $1.4 million or $0.04 per share compared to a net loss of $1.56 million or $0.05 per share for the corresponding period last year.

    For the five-month period ending September 30, 2001, revenues were $5.6 million compared to $7.6 million for the same period last year, representing a decrease of 27 per cent. Net loss for the period was $2.77 million or $0.08 per share compared to $2.5 million or $0.08 per share last year.

    The Company experienced a 15% decline in royalty revenues during the quarter largely as a result of the cancellation of national sporting events at all levels across North America during the month of September, typically the strongest month of the quarter.

    "Understandably, September's numbers were off," said Mike Aymong, chief executive officer of World Gaming. "However, October is showing signs of full recovery from these terrible world events. We remain focused on three things: the stability and growth of our current customer base, profitability by building upon those areas of our business that offer the highest margins, and software and IT infrastructure upgrades to capitalize on the increasing demand for our services."

    Gross margins rose from 69 per cent to 76 per cent in the quarter, an increase of 7 percent, and from 70 per cent to 73 per cent for the five-month period, an increase of 3 per cent, respectively from the prior year, reflecting a more profitable revenue mix.


    Operating expenses decreased 21 per cent during the third quarter and fell 15 per cent over the five-month period. This is the result of significant cost savings in operations and marketing. World Gaming expects continued improvements in these areas in the coming quarters.

    "As you can see, going forward we are continuing to focus on reducing our expenses quarter-over-quarter, focusing on offering high margin services, and achieving sustainable, profitable growth through our current customers' successes," said Aymong.

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    27.11.2001

    Knights Inc. Selects World Gaming Software To Tackle Emerging Asian Market

    London, UK, November 27, 2001 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming technologies, announced Knights Inc. has chosen World Gaming 3, the most powerful software package in the I-gaming industry, to launch five new I-gaming Web sites targeting the Asian market.

    "The Asian market is rapidly expanding and offers a great deal of opportunities for the I-gaming industry," said Mike Aymong, CEO of World Gaming. "This agreement is the first of many that we expect to reach in this part of the world."

    Knights Inc. has launched versions of www.ecasino365.com, www.esportsbook365.com, www.ebetting365.com www.elottery365.com and www.ebingo365.com, offering Asian visitors a complete suite of casino games, including blackjack, roulette and slots, along with sportsbook wagering, bingo, and lottery games. The agreement includes a phased in support of cultural dialects in the near future.

    The sites offer a 10 per cent bonus for new deposits, as well as a unique panic button feature that when pressed will immediately change your computer screen to look like a spreadsheet.

    "World Gaming has provided us with the opportunity to establish a significant presence in the Asian market," said Richard Wheatley, CEO of Knights Inc. "I am confident that as our relationship with World Gaming develops and our product offerings expand, we will see substantial growth of our business and entry into additional markets."

    World Gaming currently powers more than 750 Web sites with over 250,000 active accounts worldwide.

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    02.01.2002

    World Gaming Announces Executive Changes
    Rodney Davis assumes both financial and operational roles

    LONDON, UK January 2, 2002 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming technologies, announced the departure of David Pasieka as its Chief Operating Officer. Rodney Davis, the company’s Chief Financial Officer, will take on the top operations job on an interim basis, effective immediately.

    “David departs the organization for personal considerations and he and his family have my sincerest thanks and best wishes,” said World Gaming CEO Michael Aymong. “David played an essential role in the successful turnaround of the company, as well as being instrumental in accomplishing the restructuring of the company that was completed this fall. We sincerely thank him for his contribution and wish him well.”

    Rodney Davis, who assumed the position of CFO in July of 2001, will add interim Chief Operating Officer to his portfolio for the immediate future.

    “Rodney has done a remarkable job in short order,” said Aymong. “I have complete confidence in his ability to drive the important infrastructure and back office improvements we are currently involved with. Rodney has already been a critically important player in establishing the key performance indicators necessary for World Gaming to reassume its traditional role as the industry’s leader.”

    Rodney Davis’ career includes a successful track record in the areas of strategic and business planning, public market financings, corporate restructurings, public financial reporting, acquisition negotiations and execution. His career has ranged from auditing to mergers and acquisitions to high finance.

    “2002 will see the company continue its focus on providing the world’s best gaming software, supported by complete turnkey services, including state-of-the-art back office software and infrastructure,” said Rodney Davis.

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    22.01.2002

    WORLD GAMING UNVEILS GAMING KIOSK PROTOTYPE AT INTERNATIONAL CASINO EXHIBITION


    London, UK, January 22, 2002 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming technologies, unveiled an innovative gaming kiosk at this week's International Casino Exhibition show January 22 to 24, 2002, at Earls Court, London, UK.

    World Gaming, working with PC Kiosk (a division of NetBooth Corporation), a leading North American designer and manufacturer of kiosks, has developed a prototype that will see World Gaming offer its I-gaming software in kiosk format to pubs, hotels, travel centres, and other high traffic public areas.

    "There is strong industry demand for alternative gaming environments such as kiosks," said Michael Aymong, CEO of World Gaming. "In our current discussions with those in the land-based and hospitality industries, we often hear that there is a need to provide easy and convenient access to gaming entertainment. This is therefore an important initiative for the company and we look forward to being able to offer the market a strong kiosk product in 2002."

    The International Casino Exhibition is the largest gaming show in Europe and an international forum for the casino and gambling industry. The World Gaming kiosk featured at the show showcases World Gaming's recently released Version 3 software, which includes casino games, sportsbook, pari-mutuel wagering, bingo, and lottery.

    "PC Kiosk's products have been successfully used by a number of land-based casino operators and world class resorts," said NetBooth's founder and CEO, Tony Caporicci. "The World Gaming initiative is the first of its kind for us and in fact a first for the Internet gaming industry. We expect a very favourable reponse from the market."



    About World Gaming plc
    World Gaming plc is a pioneer and leader in I-gaming software and e-commerce technologies. World Gaming is an international developer, licensor and provider of the industry's most comprehensive offering of online gaming products, including casino, sports book and pari-mutuel betting. For more information about World Gaming, visit the company's Web site at www.worldgaming.com


    About PC Kiosk, a division of NetBooth Corporation
    Creating an elite standard in kiosk design, PC Kiosk manufactures kiosks for all types of computer related activities. Many of PC Kiosk's terminals have been specially designed as trade show displays, public Internet access, public information booths, human resource applications, and more. A leader in kiosk design and implementation, PC Kiosk has disbursed kiosks across the United States, for clients such as Hard Rock Hotel, Flextronics International and Park Place Entertainment. For more information about PC Kiosk, visit the company's website at www.pckiosk.com

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    24.01.2002

    WORLD GAMING FILES FORM 6-K RELATING TO FINANCIAL INFORMATION FOR THREE- AND FIVE-MONTH PERIODS ENDED SEPTEMBER 30, 2001


    London, UK, January 24, 2002 - World Gaming plc (OTC BB: WGMGY), a global pioneer in Internet gaming technologies, has filed certain financial information under cover of a Form 6-K with the U.S. Securities and Exchange Commission for the three- and five-month periods ended September 30, 2001. The period represents a partial Q2 and full Q3 under the company's new fiscal year ending December 31, 2001. The document can be viewed on the company's Web site at www.worldgaming.com.

    World Gaming is reporting a change to the Q2 and Q3 income statements as previously reported on November 21, 2001. The change is related to a reclassification of one-time charges in the amount of US$ 494,000, which resulted in a reallocation of general and administrative expenses from Q2 to Q3. This reallocation does not change the September 30, 2001 year-to-date numbers as previously stated.

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    24.01.2002

    WORLD GAMING plc ENGAGES IN PRIVATE DEBT OFFERING

    London, UK, January 24, 2002 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming technologies, announced it is offering units consisting of debentures and options in a private placement. World Gaming seeks to raise up to US$ 5 million.

    Upon completion, World Gaming expects to apply the proceeds towards enhancing its infrastructure and accelerating penetration of new markets.

    The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

    About World Gaming plc
    World Gaming plc is a pioneer and leader in I-gaming software and e-commerce technologies. World Gaming is an international developer, licensor and provider of the industry's most comprehensive offering of online gaming products, including casino, sportsbook and pari-mutuel betting. For more information about World Gaming, visit the company's Web site at www.worldgaming.com

    Investment Banking: Wade Felesky Octagon Capital Corp. 403-750-0493 [email protected]

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    05.02.2002

    2002 SUPER BOWL SUNDAY BIGGEST DAY EVER FOR WORLD GAMING SPORTSBOOKS

    London, UK, February 5, 2002 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming technologies, announced that this year's Super Bowl on February 3, 2002 was the biggest day ever for sportsbooks on the World Gaming platform. World Gaming-licensed sportsbooks accepted over 122,000 wagers, totaling more than US$7 million on a single event. The amount wagered represents an increase of over 76 per cent from last year.

    "World Gaming has made its back-office, infrastructure and customer-facing operations a major priority over the past six months," said World Gaming CEO, Mike Aymong. "The completion of upgrades to our gaming servers and improvements to our customer service infrastructure ensured that Super Bowl Sunday was successfully handled without difficulties, despite record volumes."

    2002 World Gaming Super Bowl Highlights:

    · -Total wagers: US$7 million
    · -New deposits for Super Bowl Sunday: US$2.6 million (up 57% from 2001)
    · -New customer accounts: 15,200 (Feb. 1-3, 2002)
    (New customer accounts on a typical Friday to Sunday: 6,500)


    "The American football season is the company's busiest sportsbook period," said Rodney Davis, World Gaming's chief financial officer. "In addition to our focus on profitability through increased capture rates, we are also working to extend the success of our sportsbook offering beyond the football season through the addition of new, popular sports and entertainment content."

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    07.02.2002

    CASINO CORTEZ CHOOSES WORLD GAMING SOFTWARE

    London, UK, February 7, 2002 - World Gaming plc (NASDAQ OTC: WGMGY), a global pioneer in I-gaming technologies, announced Casino Cortez, an entrepreneurial Internet gaming company, has chosen World Gaming software to power a new I-gaming site that targets both Greek and English players.

    The site, now live at www.casinocortez.com, offers World Gaming Version 3 casino, sportsbook, and pari-mutuel wagering, as well as scratch lottery and scratch bingo. The site offers players the option of entering the games through either an English or Greek interface.

    "Casino Cortez is a valued new partner, offering World Gaming an exciting point of entry into an important new European market," said Mike Aymong, CEO of World Gaming. "Although the games remain in English, the addition of Greek language to the site has been well-received by players in Greece. Providing customized solutions is a key component towards expanding our international presence and establishing World Gaming as the software supplier of choice. We will continue to roll-out new languages in 2002 to increase the number of players on our platform."

    Casino Cortez is currently offering $US 1 dollar blackjack and a $US 25 bonus for new deposits of $US 25 on casino games. Players can also play for fun.

    World Gaming is currently the only I-gaming developer and licensor offering both instant-play and downloadable casino games, as well as sportsbook, pari-mutuel wagering, scratch lottery and scratch bingo. Additional features and functionality include a back-office infrastructure that allows licensees to manage their business and generate usage and financial reports, ensuring ongoing service improvements and a better customer experience.

    World Gaming powers more than 750 Web sites with over 250,000 active accounts worldwide.

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