World Gaming Archiv News

[Casoni]

11.02.2002

BETRACER.COM AND WORLD GAMING LAUNCH INTERNET'S FIRST PARI-MUTUEL MOTOR SPORT SITE IN TIME FOR DAYTONA 500

London, UK, February 11, 2002 - World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming technologies, and Betracer.com based in Antigua and Barbuda, announced the launch of the Internet's first motor sport pari-mutuel wagering site and service in time for the 44th Annual Daytona 500 on February 17, 2002.

Betracer.com (www.betracer.com) offers visitors real-time pari-mutuel betting on major motor sport events, including all NASCAR, Formula One, IRL and CART races. Betracer.com will also provide players with the ability to track past performances of their favorite drivers and complete circuit statistics.

"After two years of intense development, Betracer.com is an entirely original entertainment service that promises to attract motor racing fans from around the world," said Mike Aymong, CEO of World Gaming. "Betracer.com demonstrates our continued commitment to developing content that will attract increased numbers of players onto the World Gaming platform."

With the largest purse in the race's history, in excess of $US 12 million, the Daytona 500 attracts more than 200 million fans worldwide and is considered the premier motor sport racing event of the NASCAR season.

"NASCAR popularity has exploded into what members of the popular press are calling a cultural phenomenon," said Rodney Davis, interim chief operating officer and chief financial officer, World Gaming. "The addition of this world-class content on our platform falls immediately on the heels of the American football season, which is our strongest revenue period. The worldwide interest in NASCAR, Formula One, IRL and CART races most certainly has the potential to attract similar interest from fans and extend our peek revenue period."

In addition to launching the service through www.betracer.com, Betracer.com is also pursuing agreements that will see their pari-mutuel wagering service available at leading land-based casinos.

About Betracer.com
Betracer.com is wholly owned by Betracer Network, Inc. a privately held corporation, licensed in regulated Antigua. The company is committed to offering entertaining and informative products and services that appeal to motor sport fans across the globe. Betracer.com is the Internet's first motor sport pari-mutuel wagering site and service.

[Casoni]

19.02.2002

WORLD GAMING TO HOST EARNINGS CONFERENCE CALL FOR SHAREHOLDERS AND ANALYSTS

London, UK, February 19, 2002 - World Gaming plc (OTC BB: WGMGY), a global pioneer in Internet gaming technologies, invites you to participate in a conference call to discuss the fourth quarter period ending December 31, 2001, and fiscal 2001 year-end results. The call will take place at 8:30 a.m. EST on Thursday, February 28, 2002.

Mike Aymong, chief executive officer and Rodney Davis, chief financial officer and interim chief operating officer, will discuss World Gaming's Q4 earnings, ended December 31, 2001, as well as year-end results. Management will also provide an update on recent business activities. The Company will release its results prior to the call.

Date: Thursday, February 28, 2002
Time: 8:30 a.m. (EST)
To participate: Please dial 1-888-209-3913 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, March 7, 2002. To access the rebroadcast, dial 1-800-558-5253 and enter the pass-code 20270218.
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.

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. World Gaming currently powers more than 750 Web sites with over 250,000 active accounts worldwide. For more information about World Gaming, visit the company's Web site at www.worldgaming.com

[Casinonews]

20.02.2002

WORLD GAMING ADDS NEW LICENSEE

London, UK, February 20, 2002 - World Gaming plc (NASDAQ OTC: WGMGY), a global pioneer in I-gaming technologies, announced it has signed an agreement with Tamaron International N.V., an entrepreneurial Internet gaming company licensed in Curacao.

Tamaron International will operate www.playcasino2win.com, an Internet gaming site offering downloadable casino games. Using World Gaming Version 3 software, the site is expected to go live in the next sixty days.

"World Gaming continues to focus its global sales efforts in three definitive sectors - dot com/independent business, media/entertainment and land-based casinos," said Mike Aymong, CEO of World Gaming. "We are pleased that Tamaron chose World Gaming as its partner following a review of our competitors' offerings. This agreement is evidence of the appeal of our product and recognition of World Gaming's superior back-end infrastructure to entrepreneurs looking to enter this business."

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

[Casinonews]

26.02.2002

WORLD GAMING RELEASES 16 INSTANT PLAY CASINO GAMES IN MOST POPULAR ASIAN LANGUAGES

London, UK, February 26, 2002 - World Gaming plc (OTC BB: WGMGY) solidified plans to enter Pacific-Asia with the release of 16 instant play Java casino games in the three most widely used Asian languages. The company's introduction of Traditional Chinese, Simplified Chinese and Japanese languages extends its reach into what analysts describe as one of the fastest-growing I-gaming marketplaces.

"Multi-language and multi-currency offerings remain high priorities as we endeavor to meet the needs of our licensees who wish to pursue growth opportunities in international markets," said Mike Aymong, CEO of World Gaming. "The Asian market remains a diverse, high-growth market with a positive outlook for the I-gaming industry."

According to a recent Bear Stearns report, the Asian population has the highest propensity and frequency of wagering of any demographic in the world. Furthermore, Merrill Lynch reports that Asian Internet users currently account for 8.6 per cent of the world's online consumer spending. That figure is expected to climb to more than 25 per cent by 2005. The River City Group estimates that the Asian I-gaming market will see similar growth over the same period.

"This release not only reflects our efforts to grow the number of players on the World Gaming platform, but it is also a concrete step toward the further diversification of that player base," said Rodney Davis, interim COO and CFO of World Gaming. "The Asian market is currently underserved and we intend to provide our licensees with culturally specific online products to be successful in the region."

World Gaming, a global pioneer in I-gaming technologies, offers sportsbook betting, pari-mutuel wagering and casino games available in instant-play Java and downloadable Windows formats.

The company's new Asian language games can be found at: www.eCasino365.com.

[Casinonews]

28.02.2002

World Gaming plc Delivers Profitable Fourth Quarter

London, UK, February 28, 2002 - World Gaming plc (OTC BB: WGMGY) today posted its first profitable quarter for the three-month period ending December 31, 2001. The Company also released preliminary results for its eight-month period ending December 31, 2001. (For additional notes to the financial statements please refer to the Company's 6-K filing with the U. S. Securities and Exchange Commission for the periods ended September 30, 2001. Note that the Company has changed its fiscal year end to December 31 from April 30, which results in the eight-month stub period. All amounts are in U.S. dollars.)

Total revenues for the fourth quarter were $6.6 million compared to $6.4 million for the same period last year, representing an increase of 1.9 per cent. Net income for the quarter ending December 31, 2001, after including one-time redomiciling costs of $438 thousand ($81 thousand in 2000), was $536 thousand or $0.02 per share compared to a net loss of $199 thousand or $0.01 per share for the corresponding period last year - representing a $735 thousand increase. Excluding the one time redomiciling costs, net income for the fourth quarter was $974 thousand or $0.03 per share.

It was recently determined that redomiciling costs, previously capitalized, should be expensed in accordance with U.S. GAAP. According to FASB SOP 98-5, these expenses should be charged against income as incurred. This resulted in the Company expensing $438 thousand in redomiciling costs, which included $142 thousand that had been capitalized prior to the fourth quarter.

For the eight-month period ending December 31, 2001, revenues were $12.1 million compared to $14.1 million for the same period last year, representing a decrease of 14.0 per cent. Net loss for the period after redomiciling costs was $2.2 million or $0.07 per share compared to a net loss of $2.7 million or $0.08 per share last year.

"The fourth quarter results demonstrate our ability to deliver on our commitments to shareholders despite industry challenges like payment processing," said Mike Aymong, Chief Executive Officer of World Gaming. "Bringing sustained profitability to the Company has been a major focus since the new management team assumed control. While we are not finished yet, we are optimistic that we have reached a turning point and are now well positioned to continue delivering profitable growth."


Gross margins rose from 76 per cent to 89 per cent in the quarter, an increase of 13 percent, and from 72 per cent to 81 per cent for the eight-month period, an increase of 9 per cent, respectively from the prior year, reflecting a more profitable revenue mix.

Operating expenses excluding redomiciling costs decreased 5.0 per cent during the fourth quarter and fell 9.8 per cent over the eight-month period. This is the result of a significant reduction in operating costs and marketing outlays. World Gaming expects continued improvements in these areas over the course of fiscal 2002.

"We are pleased to have met projections set out in our guidance in November 2001 after adjusting for redomiciling costs." said Rodney Davis, Chief Financial Officer and acting Chief Operating Officer. "At the same time, we have committed substantial resources toward improving back office infrastructure, customer capture rates, minimizing down time and sourcing alternative payment methods."

The Internet Gaming industry continues to be very attractive for World Gaming, with high barriers to entry. World Gaming offers a comprehensive suite of gaming products and provides its customers with a complete turnkey solution in sportsbook, casino and pari-mutuel. In 2002 World Gaming will expand its offering by launching its products in a variety of new languages and currencies to take advantage of the industry's rapid growth.

[Casinonews]

25.03.2002

WORLD GAMING ANNOUNCES BOARD CHANGES

London, UK, March 25, 2002 - World Gaming plc (OTC BB: WGMGY) announced the resignations of Fred Hazell as Chairman of its Board of Directors and Jason Bolduc as Director. The company's CEO, Mike Aymong, will assume the position of Chairman on an interim basis.

"The company would like to thank Fred and Jason for their contribution and the generous decision to step down in order to facilitate a renewal at the board level that will meet the needs of the company at this time," said Aymong. "World Gaming is evolving as a company and our board compliment must reflect this reality."

"We are seeking Directors who can further establish World Gaming's presence in Europe, as well as accelerate the company's international reach. We expect our board members to bring significant experience and reputation in the areas of Internet gaming, finance, capital markets, law, entertainment, communication, and customer service and retention to their positions."

[Casinonews]

15.04.2002

WORLD GAMING ADDS CRAPS AND ROULETTE TO INSTANT PLAY GAMING SUITE

London, UK, April 15, 2002 - World Gaming plc (OTC BB: WGMGY), a global provider of Internet gaming software and e-business services, has added instant play craps and roulette to its suite of Java casino games. The company’s original suite includes blackjack, numerous poker games, and slots in Java format for those operators using the company’s Version 3 software platform.

“The expansion of our Java suite is aimed at offering our licensees high-value entertainment that will drive top-line revenue growth without adding to their bottom line costs,” said Mike Aymong, CEO of World Gaming. “We have identified that there is significant cross-over from our Web-based sportsbook and pari-mutuel wagering products to our instant play casino games.”

The introduction of craps and roulette in Java formats falls on the heels of a major release of Asian language Java games by the company in February.

“We are committed to broadening our game and language offerings with an eye to customer retention and extended market reach for our licensees,” said Rodney Davis, interim COO and CFO of World Gaming. “Approximately half of the active players on our platform are attracted by the immediacy offered by instant play Java format games. With the addition of craps and roulette, we would expect to see extended play and new players on our licensees’ sites.”

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

[Casinonews]

22.04.2002

WORLD GAMING UNVEILS ROLLOUT PLANS FOR NEXT GENERATION GAMING PLATFORM AND MANAGEMENT CONSOLE

First Annual Licensee Conference brings World Gaming management and licensees together to map the future and discuss I-gaming industry issues


London, UK, April 22, 2002 - World Gaming plc (OTC BB: WGMGY), a global provider of Internet gaming software and services, introduced its next generation gaming platform last week to licensees at the First Annual World Gaming Licensee Conference in Whistler, British Columbia. The new offering, dubbed Back Office, will be a complete product and services gaming platform functional across all World Gaming products.

"Based on the needs of our licensees, we have re-deployed our efforts to build a solid, flexible back-end with excellent e-commerce and business support services," said Mike Aymong, CEO of World Gaming. "Since our focus remains on business fortification, the development of Back Office will solidify our network of gaming destinations and more players than ever will have access to our comprehensive suite of games."

World Gaming released its industry leading Version 3 games in July of last year and has continued to expand its product offering with multi-language and additional games. The development of Back Office expands the reach of those products and will provide universal access to all World Gaming licensees within the next four months and incremental Back Office enhancements over the next 12 to 18 months.

The new platform will also feature a programming interface that will pave the way for seamless integration of third party games and business solutions. World Gaming sportsbook, casino and pari-mutuel product releases will evolve on a separate software release cycle, independent of Back Office releases.

"The strength of our back-end infrastructure is at the heart of our product and services success," said Rodney Davis, interim COO and CFO of World Gaming. "Licensees present at the conference last week were very enthusiastic in response to our new platform design."

The four-day licensee conference also included presentations and discussions between World Gaming management, software developers and licensees to share critical information, successes and challenges related to the I-gaming industry. The conference program also focused on developments in Licensee Relations, Customer Service, fraud and surveillance technologies and transaction processing, and licensing issues.

Sessions were also dedicated to licensee business development with presentations by a representative of Sportingbet.com, the number one sportsbook on the Internet, as well as a representative of e-Marketing Asia, a consultancy specializing in Internet marketing to Asian markets.

[Casinonews]

15.05.2002

WORLD GAMING ANNOUNCES ANNUAL MEETING DATE

London, UK, May 15, 2002 - World Gaming plc (OTC BB: WGMGY), will hold its 2002 Annual Meeting on Thursday, June 20, 2002 at 11:00 a.m. to discuss its 2001 results, to elect a new slate of Directors and to provide shareholders with an update on company developments.

Participants from World Gaming will include members from the Board of Directors that will be announced at the time proxy statements are distributed, and Mike Aymong, President & Chief Executive Officer. The formal meeting will be followed by a presentation and a question and answer period.


Date: Thursday, June 20, 2002
Time: 11:00 a.m. (GMT)
Location: Office of Pitmans Solicitors at 47 Castle Street, Reading, Berkshire, UK.
via the Internet: The meeting will also be simultaneously webcast from
www.worldgaming.com using live audio.

The Company will mail proxy statements and an information circular to shareholders on or before May 30, 2002.

[Casinonews]

17.05.2002

WORLD GAMING ANNOUNCES ENHANCEMENTS TO CUSTOMER SERVICE ORGANIZATION

New solutions highten online experience and improve customer service efficiencies

London, UK, May 17, 2002 - World Gaming plc (OTC BB: WGMGY) has completed a four month project to revamp the company's customer service organization with a focus on improving efficiency, reducing operating costs and enhancing the online experience of players using World Gaming software and services.

The project incorporated three new initiatives including, an agreement to expand the company's call centre services, the integration of a CRM solution with World Gaming's own back-office platform, and a program to re-train its customer service staff.

"Success in the I-gaming industry depends in large part on providing quality customer service," said Mike Aymong, CEO of World Gaming. "These new initiatives will allow us to deliver top-notch customer service and at the same time improve user interface across all the online destinations powered by World Gaming technology."

An agreement with Transworks Information Services has been reached to provide 25 trained technicians around the clock to handle front-line player inquiries, in real-time, by phone, Internet chat and also by email. The 25 technicians are now integrated with World Gaming's in-house second-tier customer service representatives, who handle more complex player inquiries.

World Gaming has also reached an agreement with Seattle-based Talisma Corporation to integrate Talisma® CRM solution with World Gaming's own back-office platform. Customer service representatives can now instantly retrieve details about specific customers or interactions to resolve customer inquiries. The new integration also allows World Gaming to mine for information for service, marketing and sales purposes quickly and efficiently.

The enhancements to World Gaming's customer service organization also include the completion of a comprehensive training program for all customer service representatives with an emphasis on gaming knowledge, transaction support, and customer relations skills.

"As World Gaming strives to provide the best customer service in the industry, it is important that we focus on efficiency for the customer as well as the company," said Rodney Davis, interim COO and CFO of World Gaming. "These latest initiatives have accomplished two goals - to better serve our customers and to significantly reduce the cost of providing that service."

World Gaming's customer service solution is available to all licensees of its I-gaming software and e-commerce technologies, allowing customers to take their products to market quickly as well as cut costs by outsourcing their customer service infrastructures.

[Cabo]

07.06.2002

WORLD GAMING ANNOUNCES MANAGEMENT AND BOARD CHANGES

Company opens key board and executive positions

LONDON, UK June 7, 2002 - World Gaming plc (OTC BB: WGMGY), a global provider of I-gaming software and services, announced changes to its Board of Directors and executive team to make way for new team members with a European focus.

Mr. Wolf Bergelt, associated with the company for the past four years, will no longer sit as a director to accommodate a new European board member.

The company is also seeking to install a UK-based Chief Financial Officer to replace Mr. Rodney Davis, who has stepped down from his position as CFO and interim COO.

"Rodney and Wolfe have made significant contributions to the company," said Mike Aymong, Chairman and CEO of World Gaming. "These departures clear the way for establishing a strong board and senior executive presence in London. I thank Rodney and Wolfe for their dedication and hard work, and wish them the very best."

[Cabo]

19.06.2002

WORLD GAMING ANNOUNCES FURTHER MANAGEMENT AND BOARD CHANGES

19 June, 2002. Antigua, West Indies.

World Gaming plc has today received and accepted the resignation of Mr. Michael Aymong as President, CEO and Interim Chairman of the Board of Directors. This resignation comes one day in advance of the Annual Shareholders meeting scheduled for Thursday 20 June, 2002. In the immediate interim, Mr. Jim Mackay who joined World Gaming in May of 2002 as 'Special Advisor' assumes the post of President & CEO made vacant by the resignation of Michael Aymong. In a short address to employees at the Antigua office, Jim Mackay expressed his commitment to the rapid turnaround to profitability for the company, and encouraged employees to work hard, to be positive, and to be a part of an exciting future for World Gaming which will begin to unfold immediately following the Shareholders meeting.

[Cabo]

05.07.2002

WORLD GAMING APPOINTS EUROPEAN SPORTS AND ENTERTAINMENT ENTREPRENEUR AS CEO

London, UK, July 5, 2002 - World Gaming plc (OTC BB: WGMGY) has appointed Jim Mackay to the position of CEO, following the resignation of Mike Aymong as President, CEO and Interim Chairman of the Board of Directors.

Mackay, who has been working with the company since May as a special advisor, brings to his new post more than 25 years experience as an entrepreneur managing and financing business ventures in Europe and North America, with a particular focus on sports and entertainment.

"My first order of business has been to create a sense of urgency in the company as there are real and immediate opportunities for World Gaming and the industry as a whole," said Mackay. "We are working with solid banking and business relationships to affect a significant turnaround aimed at solidifying a leadership position within the industry. World Gaming's business base, core technologies and infrastructure have been in place for sometime. What is required is the vision and the business acumen to translate this into sustained profitability and increased shareholder value. I am here to do that."

Mackay is a Principal in Performance Management Group and Performance Financial of Guernsey, managing 20 international soccer figures including notable players from the English and Japanese National Teams. Performance Financial manages an estimated £30 million in player assets.

"World Gaming shareholders can expect a complete overhaul at the board of directors level in very short order," said Mackay.

[Cabo]

19.07.2002

TOP I-GAMING EXECUTIVE BRINGS STABILITY AND EXPERIENCE TO CHIEF EXECUTIVE POSITION

-- Company announces new legal counsel and auditors --

London, UK, July 19, 2002 -World Gaming plc (OTC BB: WGMGY), a global provider of I-gaming software and services, has announced the appointment of David Craven to the position of Chief Executive Officer, bringing stability and experience to the company's top position. Mr. Jim MacKay who held the position on an interim basis stepped down to make room for Craven's appointment.

"David brings an unparalleled e-commerce and gaming track record to the position," the company said. "He is a hands-on business builder with a reputation of getting the job done. With his appointment, the company is in very capable hands."

David Craven is the founder and former CEO of 24dogs, an Internet and Digital TV greyhound racing business owned by global gaming giant Wembley plc. In its first year, he took the company from a start-up position to an organization with 20,000 customers, £11million in gross revenue, and a valuation by Merrill Lynch of £125 million.

"I have been watching World Gaming for some time and feel very comfortable in saying that there are significant opportunities before us," said David Craven. "My mandate is to build an organization that can sustain a substantial leadership position in the industry, while providing shareholders an appropriate level of return. Given the company's solid revenue base, the strong support expressed by our top customers, the experience of our employees, and a product and service suite that is second to none, we possess all of the necessary ingredients to deliver on this mandate."

The company also announced that it has retained new legal counsel and auditors. The firm of Berwin Leighton Paisner has been retained as legal advisors, and Baker Tilley as auditors.

"The renewal of these key business partnerships is vital to ensuring the highest level of accountability among key stakeholders and shareholders," said Craven. "Berwin Leighton Paisner was chosen for its extensive experience in the betting and gaming sector, including international betting and gaming compliance, and Baker Tilley for its sports and media expertise, and impeccable credentials."

David Craven moved from an award-winning career in journalism into the world of the Internet in 1994 with the launch of the UK's first online tabloid newspaper The Daily Record and Sunday Mail. Subsequently, he launched Europe Online, followed by LineOne, a consumer Internet service from News International and British Telecom, and then NetChannel, the UK's first TV set-top box Internet service. He was a founding member of European start-up Chello Broadband where he developed and launched the first Pan-European broadband Internet service, as well as defined and deployed Interactive TV services including a betting channel for Chello Broadband parent UPC.

"Despite a strong revenue base, the company must aggressively look to contain its costs," said Craven. "We are scrutinizing every expense to ensure that we have our priorities right. We are also preparing for what we believe will be record transaction volumes this fall during the peak sportsbook season."

[Casinonews]

09.08.2002

WORLD GAMING TO HOST CONFERENCE CALL WITH NEW CHIEF EXECUTIVE OFFICER

London, UK, August 9, 2002 - World Gaming plc (OTC BB: WGMGY), a global pioneer in Internet gaming technologies, will host a conference call, Tuesday, August 13, to introduce the company's newly appointed CEO, David Craven, as well as provide an update on the company's status and activities.

Mr. Craven will make a brief presentation, followed by a question and answer session for shareholders and analysts.

Date Tuesday, August 13, 2002
Time: 8:30 a.m. (EST) / 1:30 p.m. (GMT)
Dial: In North America: 1-888-881-4892
Outside North America: 416-640-4127

For those unable to participate, a taped rebroadcast will be available approximately one hour after completion of the call until midnight, August 20, 2002. To access the rebroadcast, in North America dial 1-877-289-8525 (code 204997#), and outside North America dial 416-640-1917 (code 204997#).

The call will also be Web cast on the World Gaming web site at www.worldgaming.com. Please note the Web cast will be listen only mode.


To listen to the call live on the Internet, click here. (link available Tuesday, August 13, 2002)

[Casinonews]

02.09.2002

WORLD GAMING APPOINTS GROUP FINANCE DIRECTOR

London, UK, August 16, 2002 - World Gaming plc (OTC BB: WGMGY), a global provider of I-gaming software and services, has appointed Simon Coulthard as the company's Group Finance Director effective September 2, 2002.

With almost 10 years financial experience in the Fast Moving Consumer Goods sector, Mr. Coulthard brings to World Gaming a successful track record in the areas of strategic planning, business analysis, budgeting and reporting and corporate restructuring.

"Simon has an excellent track record and World Gaming will benefit enormously from a finance executive of his calibre," said David Craven, C.E.O. of World Gaming. "Simon's first key objective is to address the need for rigorous financial controls and a stringent budgeting process. I look forward to working closely with him and know that he will offer an excellent balance to the team as we position the company for growth and profitability."

Mr. Coulthard joins World Gaming from Wembley New Media Services and 24dogs, both divisions of Wembley plc, where he was Finance and Operations Director for two years. Wembley plc is a leading gaming and track-based company operating in the UK and USA. Wembley New Media Services exploits content globally on all digital platforms, currently through broadcasting on the Web, earning revenues from Internet bookmakers. Mr. Coulthard joined the company in its start-up phase and was responsible for the implementation of all financial processes, controls and reporting, and worked on commercial deals such as those involving William Hill, Ladbrokes and Coral Eurobet.

Prior to joining Wembley, Mr. Coulthard was employed by Anheuser-Busch Europe Limited for four years, progressing through the organisation from Acting Financial Controller for UK and Ireland, European Financial Controller, to Budgeting and Planning Controller for Europe, Middle East and Africa. Previously Mr. Coulthard spent four years at Cadbury Schweppes plc.

Mr. Coulthard is a Chartered Management Accountant and has a BA (Hons) in accounting and management control from Sheffield Hallam University.

[Casinonews]

16.08.2002

WORLD GAMING APPOINTS GROUP FINANCE DIRECTOR

London, UK, August 16, 2002 - World Gaming plc (OTC BB: WGMGY), a global provider of I-gaming software and services, has appointed Simon Coulthard as the company's Group Finance Director effective September 2, 2002.

With almost 10 years financial experience in the Fast Moving Consumer Goods sector, Mr. Coulthard brings to World Gaming a successful track record in the areas of strategic planning, business analysis, budgeting and reporting and corporate restructuring.

"Simon has an excellent track record and World Gaming will benefit enormously from a finance executive of his calibre," said David Craven, C.E.O. of World Gaming. "Simon's first key objective is to address the need for rigorous financial controls and a stringent budgeting process. I look forward to working closely with him and know that he will offer an excellent balance to the team as we position the company for growth and profitability."

Mr. Coulthard joins World Gaming from Wembley New Media Services and 24dogs, both divisions of Wembley plc, where he was Finance and Operations Director for two years. Wembley plc is a leading gaming and track-based company operating in the UK and USA. Wembley New Media Services exploits content globally on all digital platforms, currently through broadcasting on the Web, earning revenues from Internet bookmakers. Mr. Coulthard joined the company in its start-up phase and was responsible for the implementation of all financial processes, controls and reporting, and worked on commercial deals such as those involving William Hill, Ladbrokes and Coral Eurobet.

Prior to joining Wembley, Mr. Coulthard was employed by Anheuser-Busch Europe Limited for four years, progressing through the organisation from Acting Financial Controller for UK and Ireland, European Financial Controller, to Budgeting and Planning Controller for Europe, Middle East and Africa. Previously Mr. Coulthard spent four years at Cadbury Schweppes plc.

Mr. Coulthard is a Chartered Management Accountant and has a BA (Hons) in accounting and management control from Sheffield Hallam University.

[Casinonews]

28.10.2002

SENIOR MANAGEMENT ADDITIONS, PROMOTIONS and DEPARTURES

October 28, 2002

New CTO Appointment

World Gaming, plc is pleased to announce the appointment of Inphinity Interactive Managing Director, David Fleming, to the post of Chief Technology Officer.

Mr. Fleming, who has served with the company since September 2001, brings more than 12 years of experience to his new role. As Chief Technology Officer for World Gaming, plc, Mr. Fleming is responsible for defining the technical direction of World Gaming’s global operations. He will ensure that the technology plan meets corporate goals and delivers value to shareholders. In this enlarged role, Mr. Fleming will act as the company spokesperson for technology issues and also remains as principle of Inphinity.

Mr. Fleming joined World Gaming, plc from IronLion Management Inc., a wireless incubation company, where he held the position of Chief Technical Officer and Partner. There, he was responsible for the company’s technical direction, managed the Technical Services group and created a Technical Advisory group.

As founding partner and Chief Technology Officer at White Picket Defense Inc., a wireless security solutions company with clients such as CDS (SEDAR.COM), mBanx, KPMG and CIBC, Mr. Fleming acted as technical strategist and architect in a multi-billion dollar, global transaction network deal.

Mr. Fleming also founded e-Commerce Inc., a provider of e-commerce solutions and applications, and served as the company's Chief Technology Officer. There, he closed deals with several North American clients, including FedEx, Globe, SEDAR, and grew e-Commerce Inc. into one of the top five Canadian Internet companies in the 1990s.

Mr. Fleming attended University of Toronto for Astrophysics and Computer Science, as well as the York University School of Business. He served as a member of the Centennial College E-Commerce Steering Committee, and is a regular public speaker.

Mr. Fleming states: "My main goal as CTO is to unify our platforms so that we can provide consistent service to our licensees. Major efforts are underway to bring all tools including reporting into our World Gaming Management Console. We are committed to bringing more payment methods to our customers in a faster way. In addition, we will continue to improve the quality and enhance the features of our software products as we refine the necessary processes needed to accomplish this."


New Director of Development Appointment

World Gaming, plc is pleased to announce the appointment of Inphinity Interactive Senior Project Manager, Lee McKinnon Pederson, to the post of Director of Development.

Ms. Pederson is managing the development of gaming software for a variety of clients, using the latest technologies. Her understanding of current products and resources make her instrumental in the development of new products and systems.

Ms. Pederson, who joined Inphinity Interactive in May 2000, has a wealth of experience in a number of disciplines including project management and interactive gaming quality assurance management. An expert in project and resource scheduling and software development for both the Web and Windows, Ms. Pederson has guided projects to fruition that involved issues such as client server software challenges, integration, localization and maintenance. As Senior Project Manager, she managed the development of World Gaming’s Pari-mutuel, Sportsbook, Casino and EFS software.

While working at Radical Entertainment as the Quality Assurance Director, Ms. Pederson managed the testing of popular PC/PlayStation games such as NHL Powerplay ’98 and ESPN X-Games Pro Boarder. She also managed the interaction between external quality assurance, external publishers and foreign distribution arms.

Lee McKinnon Pederson holds a Bachelor of Arts degree with Honours from Dalhousie University and is a member of the Project Management Institute.

Resignation of Antiguan Operations Director, Liam Gillen

World Gaming announces the resignation of Liam Gillen who had served with the company for two years. Gillen, who was responsible for successfully developing the Antiguan operations to manage the company’s largest ever sportsbook volumes, has left the company to pursue a fresh career opportunity.

CEO David Craven commented on Gillen’s departure saying: “Liam was a tremendous asset to the team and it is testimony to his abilities that the Antiguan operation was this year able to deliver services beyond anything asked of it before.

“We wish Liam well with his future ventures and thank him for his efforts during the last two years.’’

Interim General Manager of Operations Appointment

Following the departure of Liam Gillen from the role, World Gaming announces the appointment of Martin Glaeser to the role of Interim General Manager of Operations, Antigua.

Mr. Glaeser is formerly the Director of Payment Technologies at Inphinity Interactive Inc, the software development subsidiary of World Gaming plc based in Vancouver.

Since joining World Gaming early in 1999 as Director of Internal Audit, he has progressed through the organization, contributing to product development as an e-Commerce Business Analyst, moving to Inphinity Interactive providing tactical support to the operating group as Manager, Software Maintenance and working closely with the Sales group as Director, Client Solutions.

As Interim General Manager of Operations, Mr. Glaeser is now responsible for managing the company's various customer services groups and the direction of the world-wide operations team located in Antigua and Barbuda, West Indies.

His experience with computer software started in the early 1980s with development of systems for heavy equipment maintenance scheduling. Later he moved to Canadian Airlines International Inc, first in Internal Audit and then in Revenue Accounting where he gained experience managing large teams of large corporations and liaising externally with other airlines, industry associations and foreign governments.

Further experience in software development was gained during development of large revenue accounting systems for Canadian Airlines and through migration of the company to American Airlines systems in 1993. Prior to joining World Gaming, Mr. Glaeser rounded his experience restructuring business processes in a medium size manufacturing company.



About World Gaming plc
World Gaming plc is a pioneer and leader in I-gaming software and e-business services. 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

[Casinonews]

18.11.2002

WORLD GAMING plc REPORTS PRELIMINARY RESULTS FOR THE THIRD QUARTER
- Increased wagers and dramatic expense reductions provide foundation for return to profitability.


London, UK, Nov 18, 2002 - World Gaming plc (OTC BB: WGMGY), a UK-based Internet gaming software and e-business services company, today announced preliminary results for the three-month and nine-month periods ended September 30, 2002. Earnings exceeded management’s expectations and reflected significant progress toward the company’s return to profitability.

“I am pleased that since July, we have managed to deliver on controlling costs and on upgrading the serving infrastructure to cope with the massive increase in transactional volume”, said David Craven World Gaming’s CEO. “Above all, the senior management team is delivering on its mandate to return the company to profitability. The fruits of these efforts are already being seen in the Q3 numbers, which included a profitable September. The improvements we have seen in Q3 have continued into Q4, which is going well so far and this augurs well for the forthcoming fiscal year where we are forecasting profitability. This will be achieved through stringent cost controls and assisting our key licensees to continue to grow.”

Improved Fiscal Performance

Total revenues for the quarter ended September 30, 2002 were $3.6 million compared to $3.3 million for the same period last year, representing an increase of 8 per cent. Net loss for the quarter ended September 30, 2002 was $0.6 million or $0.02 per share compared to a net loss of $1.9 million or $0.06 per share for the corresponding period last year.

For the nine months ended September 30, 2002, revenues decreased 5 per cent to $10.7 million from $11.7 million for the same period last year. Year-to-date, net loss was $4.5 million or $0.13 per share compared to a net loss of $16.7 million or $0.50 per share for the same period last year.

The Company experienced a 25 per cent increase in royalty revenues during the quarter and 5 per cent year-to-date largely due to increased wagering activities during September 2002. The Company experienced a decline in royalty revenue in September 2001 largely due to the cancellation of national sporting events at all levels across North America.

Transaction processing related revenue was down 71 per cent and 65 per cent for the quarter and nine months ended September 30, 2002 as an increasing number of licensees have assumed their own merchant processing responsibilities. Licensing revenue increased 33 per cent for the quarter primarily due to software license generated from the signing of a new licensee. Year-to-date, licensing revenue increased 98 per cent as a result of gaming license fees in our new operating jurisdiction.

Gross margins were 90 per cent and 88 per cent respectively in the quarter and year-to-date increased from 76 per cent and 70 per cent in the prior year, reflecting a more profitable revenue mix. The reduction in revenues from transaction processing and reselling of gaming licenses played a role in improving our gross margins as these revenue sources have historically been low margin revenue.

Operating expenses decreased 19 per cent and 31 per cent respectively during the third quarter when compared to the same period last year and the previous quarter. The costs savings are as a result of the elimination of the Company’s direct sales force and a reduction in the Company’s corporate and development expenditures. World Gaming expects to continue to reduce operating costs as the Company extracts cost savings from restructuring initiatives initiated during the second and third quarters.


SELECTED STATEMENT OF OPERATIONS INFORMATION
(in thousands)


For the three months ended For the nine months ended
September 30, 2002 September 30, 2001 September 30, 2002 September 30, 2001

Net Sales $ 3,558 $ 3,300 $ 10,734 $ 11,669
Gross Profit 3,217 2,495 9,483 8,111
Operating Expenses 3,694 4,553 13,861 24,795
Net Loss (639) (1,919) (4,485) (16,662)

Liquidity and Capital Resources Highlights

In August 2002, the Company obtained financing of $1.5 million of which $1.25 million had been advanced through September 30, 2002. The loan was used to fund ongoing operations and assist in the reduction of the Company’s short-term liabilities
At September 30, 2002, the Company had $1.0 million in cash and cash equivalents down from $2.2 million at December 31, 2001. The decrease was primarily due to the use of cash in operations resulting from a year-to-date net cash loss. Cash was also used to purchase new capital assets of $0.7 million and make capital lease payments of $0.1 million.
Accounts receivable decreased slightly from $2.6 million at December 31, 2001 to $2.4 million at September 30, 2002.
Accounts payable decreased to $5.3 million at September 30, 2002 from $5.9 million at December 31, 2001 and $6.7 million at June 30, 2002.

Conference call and Web cast

World Gaming management will be holding a conference call to discuss these financial results and provide a company update on Wednesday, November 27, 2002, at 12:00 p.m. (EST) / 5:00 p.m. (GMT). A live Web cast and further details about the call will be available on the World Gaming Web site, www.worldgaming.com. To listen to the Internet broadcast, please go to the Web site at least 15 minutes prior to the call to register, download and install any necessary audio software.

Special Note Regarding Forward-Looking Statements
We make certain forward-looking statements in this document within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Private Securities Litigation Reform Act of 1995 provides a safe harbour for forward?looking statements. To comply with the terms of the safe harbour, we note that a variety of factors could cause our actual results and experience to differ substantially from the anticipated results or other expectations expressed in our forward?looking statements. When words and expressions such as: "believes," "expects," "anticipates," "estimates," "plans," "intends," "objectives," "goals," "aims," "projects," "forecasts," "possible," "seeks," "may," "could," "should," "might," "likely," "enable" or similar words or expressions are used in this document, as well as statements containing phrases such as "in our view," "there can be no assurance," "although no assurance can be given" or "there is no way to anticipate with certainty," forward?looking statements are being made. These forward?looking statements speak as of the date of this document.

The forward-looking statements are not guarantees of future performance and involve risk and uncertainties. These risks and uncertainties may affect the operation, performance, development and results of our business and could cause future outcomes to differ materially from those set forth in our forward?looking statements. These statements are based on our current beliefs as to the outcome and timing of future events, and actual results may differ materially from those projected or implied in the forward looking statements. Further, some forward-looking statements are based upon assumptions of future events which may not prove to be accurate. The forward-looking statements involve risks and uncertainties including, without limitation, the risks and uncertainties referred to in our filings with the Securities and Exchange Commission, including our most recent Form 20-F.

We undertake no obligation to publicly update or revise any forward?looking statements as a result of future developments, events and conditions outside of our control. New risk factors emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ significantly from those forecast in any forward?looking statements. Given these risks and uncertainties, investors should not overly rely or attach undue weight to our forward?looking statements as an indication of our actual future results.

[Casinonews]

19.11.2002

WORLD GAMING TO HOST THIRD QUARTER CONFERENCE CALL

London, UK, November 19, 2002 — World Gaming plc (OTC BB: WGMGY), a global pioneer in Internet gaming technologies, will host a conference call, Wednesday, November 27, in which David Craven, CEO and Simon Coulthard, Group Finance Director will discuss the nine month period ending September 30, 2002 as well as provide an update on the company’s status and activities.

Mr. Craven and Mr. Coulthard will make a brief presentation, followed by a question and answer session for shareholders and analysts.

Date: Wednesday, November 27, 2002
Time: 12:00 p.m. (EST) / 5:00 p.m. (GMT)
Dial: In North America: 1-800-814-4853
Outside North America: 416-640-1907

There will also be a Web cast of the call on the World Gaming Web site at www.worldgaming.com. Please note the Web cast will be listen only mode.

This conference call will also be available as a replay on the World Gaming Web site,
www.worldgaming.com shortly after the completion of the event.