World Gaming Archiv News

[Casinonews]

21.11.2002

WORLD GAMING PRAISES CONYERS BILL EMBRACING INTERNET GAMING
- Regulated, Responsible Online Gaming is the Best Solution

London, UK,November 21, 2002 — World Gaming plc (OTC BB: WGMGY), a global pioneer in Internet gaming technologies, today welcomed the introduction of the new Conyers Bill that will study the feasibility of making internet gaming legal in the United States and the lack of success of the Leach Bill which aimed at prohibiting internet gaming from advancing in the current congressional session. World Gaming embraces the news as an opportunity to establish a regulated environment that fosters safe, secure and responsible online gaming.

“We are very pleased with these U.S. legislative developments as World Gaming has always maintained that regulated, responsible Internet gaming is the best solution for consumers, licensees and governments,” said David Craven, CEO. “ Internet Gaming is here to stay and we feel that regulation is the best way to ensure that it is safe and secure. We are very excited about the growth opportunities in the U.S. and Mr. Conyers’ lead in favoring gaming regulation for the internet. We will continue to support such efforts and remain focused on capitalizing on increasing opportunities as they develop.”

The Leach Bill, aimed at banning Internet wagering within the United States, has encountered considerable controversy throughout the legislative process. Groups ranging from members of Congress, privacy advocates, banks, ISPs to the Justice Department and the White House have characterized the Bill as difficult to enforce effectively, as adversely impacting American’s rights to due process and as a hindrance to Internet growth. The Bill has now not passed in this session and will continue to face considerable opposition.

The Conyers Bill’s main purpose is to decide how to best regulate internet gaming in the U.S. and move away from ineffective prohibition. Conyers is looking to find regulatory approaches that put the same kind of player protection that exists in the land-based gaming industry into the online gaming world. Further, he feels that regulation needs to focus on all forms of internet gaming as opposed to prohibiting some forms of gaming while regulating others such as horse racing or lotteries.

Internet gaming has already developed into an extremely large industry and is estimated to grow to more than US$6 billion by 2003. Currently, there are 50 government jurisdictions that permit some form of Internet gaming and that number continues to rise. There is a growing trend for governments to accept and regulate online gaming around the world. World Gaming applauds this trend and looks forward to exploring all new opportunities.

[Casinonews]

26.12.2002

WORLD GAMING plc ANNOUNCES SUSPENSION OF CEO

LONDON, UK, December 26, 2002 - World Gaming plc (OTC BB: WGMGY), announced today that the Board of Directors of the Company suspended David Craven as the Chief Executive Officer of the company pending an investigation by the Board of Directors into various allegations. The Company's chairman, Nicholas Jackson, will serve as interim CEO during the investigation. A further statement will be made when the investigations are complete which is anticipated by the middle of January.

About World Gaming plc
World Gaming plc is a UK-based I-gaming software and e-business services company. The Company is an international developer, licensor, and provider of online gaming products, including casino, sportsbook, and pari-mutuel betting.

Starnet Systems International Inc., a subsidiary of the Company incorporated and operating out of Antigua, licenses its gaming software to third parties for an initial licensing fee and monthly royalties. Inphinity Interactive Inc., a wholly-owned subsidiary of the Company develops gaming software and web pages. The Company's Internet casino, which targets only customers outside North America, is operated by its subsidiary, World Gaming Services, Inc., also incorporated and operating out of Antigua.

Statements contained in this news release that are forward-looking statements are subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe-harbour" provisions of the private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in World Gaming's forward-looking statements. Other applicable risks, cautionary statements and factors that could cause actual results to differ from World Gaming's forward-looking statements are included in World Gaming's filings with the Securities and Exchange Commission, specifically in the "risk factors" section of World Gaming's Annual Report on Form 20F filed on August 22, 2002 and its subsequent 6-K filings on October 17, 2002 and November 15, 2002. 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.


Investor Relations:
World Gaming plc
+44 (0)20 8392 2939
[email protected]

[Cabo]

WORLD GAMING plc ANNOUNCEMENT REGARDING CEO

LONDON, UK, January 15, 2003 - World Gaming plc (OTC BB: WGMGY), Mr. David Craven’s employment as Chief Executive Officer of World Gaming plc has ceased with effect from 13th January 2003. Mr Craven had been suspended, pending investigation of allegations against him, since 18th December 2002. These allegations were to have been fully discussed with him at a Board Meeting on the 17th January 2003. However, he has now notified the Company that he considers his employment to be at an end forthwith, and alleges that he has been unfairly dismissed, an allegation strongly denied by the Company.

[Cabo]

WORLD GAMING plc ANNOUNCES THE RETURN TO IN-HOUSE CORPORATE COMMUNICATIONS
Signals increase in corporate activity for 2003
LONDON, UK, January 16, 2003 - World Gaming plc (OTC BB: WGMGY), welcomes back Robert Grace as Director of Corporate Communications.

Mr. Grace previously served with the company from February 1999 to April 2001 as the Investor Relations Manager. Mr. Grace will spearhead World Gaming’s investor awareness campaign and be responsible for all public communication for the company.

"We are pleased to have Mr. Grace back with World Gaming, because of his knowledge of the company and the igaming industry, and because we plan an increased amount of corporate activity, subsequently resulting in an increase in shareholder communication in 2003", said Nicholas Jackson World Gaming's interim CEO." As well, this move back to in-house communications is very much in line with the Company’s continued push for fiscal responsibility, openness and transparency, and expense reduction."

Most recently, Mr. Grace was CEO of a publicly traded oil and gas enterprise Fairchild International Corporation (OTC BB: FRCD). Prior to his original involvement with World Gaming, he spent 10 years as an investment advisor with two full-service brokerage firms. He has held positions as a general manager of a financial publishing organization and as senior account executive with the largest telecommunications company in Canada.

Mr. Grace is a graduate of Simon Fraser University where he graduated with a Bachelor degree in Economics.

Further announcements of significance will be made about the Company in the coming days.

[Cabo]

WORLD GAMING plc DECLARES WORLDGAMING.COM OPEN FOR BUSINESS
- Corporate site moves to www.worldgamingplc.co.uk

London, UK, January 21, 2003 - World Gaming plc (OTC BB: WGMGY) is pleased to announce the launch of www.worldgaming.com as a sportsbook, casino and pari-mutuel site. The new gaming site will be operated independently as a wholly owned subsidiary of World Gaming plc. World Gaming Europe Limited is a newly created company and will be independently run out of London. All profits from the newly created subsidiary will be consolidated with World Gaming plc to increase revenues.

“The successful operation of Worldgaming.com will provide an additional revenue stream to help build a financially strong and stable company while increasing shareholder value”, commented Nicholas Jackson, World Gaming’s interim CEO. “We are very proud of our Inphinity development team who deserves the highest praise for the terrific job they have done to deliver this project on time and under budget. Players can look forward to using some of the most advanced software in the gaming market in the coming weeks.”

The sportsbook software at www.worldgaming.com features many sports and events from around the world and has facilitated the wagering of well over a billion dollars since 1998. World Gaming’s sportsbook is one of the most widely used software programs in the Internet gaming industry.

“New revenue streams will augment our ability to enhance our software to the benefit of all our licensees”, added David Fleming, World Gaming’s Chief Technology Officer. “ We will continue to ensure the integrity and protection of our licensees customer information”.


World Gaming plc is a UK-based I-gaming software and e-business services company. The Company is an international developer, licensor, and provider of online gaming products, including casino, sportsbook, and pari-mutuel betting. For more information about World Gaming plc, visit the company’s Web site at www.worldgamingplc.co.uk.

Starnet Systems International Inc., a subsidiary of the Company incorporated and operating out of Antigua, licenses its gaming software to third parties for an initial licensing fee and monthly royalties. Inphinity Interactive Inc., a wholly owned subsidiary of the Company develops gaming software and web pages. The Company's Internet casino is operated by its subsidiary, World Gaming Europe Limited and is incorporated and operating out of the U.K. The address for this site is www.worldgaming.com.

[Cabo]

WORLD GAMING plc CONFIRMS STABLE LEADERSHIP TO CONTINUE PROFITABLE GROWTH –CEO Anticipates Banner Year

LONDON, UK, February 4, 2003 - World Gaming plc (OTC BB: WGMGY), a global provider of I-gaming software and services is pleased to announce the confirmation of the senior management team consisting of Nicholas Jackson as CEO, David Fleming as Chief Technology Officer, and Mark Thompson as the Operations Officer for the balance of 2003.

Nicholas Jackson has been a member of the Board of Directors for World Gaming plc since 1999,and was appointed Chairman of the Board in July 2002. Mr Jackson has spent his entire career managing companies and will leverage his experience to provide direction to the team.

"I am pleased to reassure shareholders that the nucleus of the management team that has been running the company since July of 2002 will continue to operate profitably as an honest open group without interference for the balance of 2003", commented Nicholas Jackson CEO. "Our management team of David Fleming in Vancouver and Mark Thompson in Antigua operate with the utmost integrity and I am confident that they will provide the cohesiveness to keep our momentum going, and do even better than last year."

Mr. Fleming, who has served with the company since September 2001, brings more than 12 years of experience to the company. As Chief Technology Officer for World Gaming, plc, Mr. Fleming is responsible for defining the technical direction of World Gaming’s global operations.

"We look forward to a productive 2003. The entire development team will move forward with much greater confidence and security as a result of a clear mandate from management”, commented David Fleming, Chief Technology Officer.

Mr. Thompson has served as our Operations Director since December 1, 2002. Mr. Thompson has also served as our interim Chief Financial Officer in July 2002 and our Vice President of Finance since November 2001.

Most recently, prior to joining World Gaming Mr. Thompson held the position of Director of Finance at MGI Software Corporation, a leading global provider of visual media software and infrastructure solutions distributed in over 40 countries. Prior to joining MGI, Mr. Thompson was a Manager at KPMG Corporate Finance Inc. where he advised on acquisitions, divestitures and financing. Mr. Thompson is a Chartered Accountant. He received his bachelor of commerce degree from the University of Toronto.

"We will continue to focus on maintaining strict controls on spending and accountability throughout the organization", said Mark Thompson, Operations Director. "All members of senior management and staff have worked very hard over the past seven months to meet deadlines within budget constraints, and I feel that this team will work in productive harmony under the guidance of Mr. Jackson."

Mr. Jackson, CEO, further stated, "This is going to be a benchmark year for World Gaming and its' shareholders. We fully anticipate to move World Gaming into the forefront of the Industry, as it should be."

[Cabo]

WORLD GAMING plc QUARTER FOUR TRADING STATEMENT
-Company Delivers Profitable Fourth Quarter


LONDON, UK, February 6, 2003 -World Gaming plc (OTC BB: WGMGY), the UK-based Internet gaming software and e-business services company, today made an un-audited trading statement for the 12 month period ended December 31, 2002. Revenues and earnings trended in line with management’s expectations and reflected significant progress in the company’s promised return to annual profitability and included a profitable fourth quarter. Audited figures will be made available on March 31, 2003.

“I am very pleased that we have managed to deliver on controlling costs, on upgrading the infrastructure and on assisting our licensees to achieve considerable increases in transactional volume”, said Nicholas Jackson, World Gaming’s CEO. “Above all, the company has pulled together to deliver on its pledge to return the company to profitability. The fourth quarter was profitable and cash-flow positive, and gives us a great springboard from which to achieve annual profitability in 2003. This will be achieved through stringent cost controls whilst investing in our software to assist our key licensees to continue to grow profitably. By working more closely with them, we will be able to use our resources more efficiently and consolidate our position as the market-leading provider of online casino and sportsbook software.”

Total revenues for the full year 2002 were below those of 2001, however this was due to more licensees opting to process credit card transactions themselves and a change in strategy away from deriving revenues from the selling of new licenses. As a result of the change in strategy, cost of sales was much reduced and margins in 2002 were better than 2001. We anticipate that our current licensees will continue to trend upwards, and will surpass both the 2001 and 2002 revenue figures in 2003, and margins will remain broadly in line with 2002.

Operating expenses continued to decline in the final quarter of 2002, and despite write-offs relating to unrecoverable historic amounts, total expenses were below last year. These costs (excluding write-offs), will be broadly maintained at quarter four levels in 2003 which will lead to a significantly lower total cost in full year 2003.

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.

[Cabo]

WORLD GAMING plc ISSUES PARI-MUTUEL UPDATE
-Company Adds Tracks, Reports Increased Handle


LONDON, UK, February 12, 2003 - World Gaming plc (OTC BB: WGMGY), the UK-based Internet gaming software and e-business services company, today announced the addition of new tracks to its pari-mutuel roster, which now totals 18. The company is also pleased to report significant increases in wagering handle.

The addition of new tracks and the strong support of our licensees for the pari-mutuel product have led to large increases in the pari-mutuel wagering handle. Pari-mutuel wagering handle for the month of January represents an increase of over 84% from just three months ago and 302% over January 2001. World Gaming has been processing pari-mutuel wagers via its proprietary system since October 2000 and is very pleased with these recent gains.

Brant Allen, Simulcasting Manager for World Gaming since 1999 said, "The pari-mutuel division is approaching its best stride, and we are going to be very aggressive in our track signings from now on. I firmly believe this division will add significant revenues to our bottom line in the years to come."

The company continues to assess its options to offer a horsebook to supplement its pari-mutuel offering in order to offer its customers the very best thoroughbred product available. Horsebook would allow World Gaming to book wagers as sports bets rather than the current co-mingling pool of bets as defined by pari-mutuel.

Nicholas Jackson, newly appointed CEO of World Gaming said, "The recent report on the Web site Bloodhorse.com, stating that the overall pari-mutuel handle in 2002 was 15 billion dollars, is all the incentive that World Gaming needs to aggressively pursue pari-mutuel events." Mr. Jackson went on to say, "I am confident our Simulcasting Manager, Brant Allen, will continue to use his contacts in the thoroughbred industry to grow our pari-mutuel roster, and assist in expanding our ever growing product line."
World Gaming will update the newly launched World Gaming Sportsbook, www.worldgaming.com, as products become available.


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.

[Casoni]

WORLD GAMING plc ANNOUNCES RELEASE OF NEW CASINO GAMES
-www.worldgaming.com ‘pilots’ the latest games


LONDON, UK, 20 March, 2003, - - World Gaming plc (OTC BB: WGMGY) announces the delivery of new casino products from its development subsidiary Inphinity Interactive Inc. The much-anticipated Casino 3.3 gaming product is now available at World Gaming plc’s wholly owned subsidiary www.worldgaming.com as part of a two-phase rollout. This initial release or pilot will be followed in a matter of weeks by a major, global rollout of the product.

More Casino Games
Casino 3.3 includes 17 downloadable games (C++ games), and 16 Java games. This represents a significant upgrade, graphically and functionally, for all games but especially for the increasingly popular Java games, which expand from 4 to 16 games.



Downloadable Games (C++ Games)

· Blackjack
· Blackjack Super 7s
· Baccarat
· Bermuda Poker
· Free Ride
· House Slots
· Hot Rod Slots
· Sunken Treasure Slots
· Deuces Wild Video Poker
· Jokers Wild Video Poker
· Jacks or Better Video Poker
· Pai Gow Poker
· Craps
· Battle Royale
· Red Dog
· Roulette
· Sic Bo

Java Games
· Blackjack
· Blackjack Super 7s
· Baccarat
· Bermuda Poker
· Free Ride
· Hook, Line & Sinker Slots
· Rock’n Slots
· Deuces Wild Video Poker
· Jokers Wild Video Poker
· Jacks or Better Video Poker
· Pai Gow Poker
· Roulette
· Craps
· Battle Royale
· Red Dog
· Sic Bo


Compatibility
The 3.3 Java Games are compatible with Microsoft Internet Explorer, AOL Browser or Netscape Navigator Version 4 or greater, and are compatible with Mac, Linux, and Windows operating environments.

New Jackpot Option
The games Hook Line & Sinker, Free Ride, and Bermuda Poker will all be offering Progressive Jackpots, typically starting at $10,000 and expected to reach hundreds of thousands of dollars.
"The new software will help our licensees extend their market reach and create profitable, sustainable Internet businesses", commented David Fleming, World Gaming's Chief Technology Officer. "We are very excited about this delivery and are confident that 2003 will show World Gaming to be the premier software supplier in the Internet Gaming industry".

The Pilot
“The initial Pilot release allows us to monitor the Casino 3.3 product in a live environment and make technical adjustments to the product”, announced Nicholas Jackson, World Gaming’s Chief Executive Officer. “Once the product meets the operational and technical requirements, it will be available for clients to replace their current casino games.”

Background
World Gaming plc is a UK-based I-gaming software and e-business services company. The Company is an international developer, licensor, and provider of online gaming products, including casino, sportsbook, and pari-mutuel betting. For more information about World Gaming plc, visit the company’s Web site at www.worldgamingplc.co.uk.

Starnet Systems International Inc., a subsidiary of the Company incorporated and operating out of Antigua, licenses its gaming software to third parties for an initial licensing fee and monthly royalties. Inphinity Interactive Inc., a wholly owned subsidiary of the Company develops gaming software and web pages. The Company's Internet casino is operated by its subsidiary, World Gaming Europe Limited and is incorporated and operating out of the U.K. The address for this site is www.worldgaming.com.

Contact:

Investor Relations
World Gaming plc
[email protected]





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.

[Casoni]

WORLD GAMING plc SECURES STRATEGIC FINANCIAL PARTNER
-New relationship brings stability and provides catalyst for growth



LONDON, UK, 7 April, 2003 - World Gaming plc (OTC BB: WGMGY), a UK-based I-gaming software and e-business services company, is pleased to announce that it has entered into a strategic financial partnership with Goodison Park Limited.

Investment
Goodison Park Ltd, an investment company specializing in Information Technology investment and development, has acquired an interest in World Gaming plc by way of share acquisition and a convertible loan.

Long Term Commitment
The investment enables World Gaming to fund its capital requirements and new product development costs to accelerate growth. Goodison Park Limited has identified online gaming as an investment with excellent growth potential and indicated to World Gaming’s Board of Directors that additional funds are available to finance advancements in the future.

Focusing on the Future
Commenting on the investment Nicholas Jackson, World Gaming’s CEO stated, “Goodison Park Limited’s investment may well prove to be a watershed in the Company’s history. World Gaming plc can look forward to the future with increased confidence knowing that it has an investor who, by providing significant funds, has demonstrated their commitment to the long-term success of the Company by providing significant funding. Goodison Park Limited’s investment is extremely good news for World Gaming and its shareholders.”

Corporate Background
World Gaming plc is a UK-based I-gaming software and e-business services company. The Company is an international developer, licensor, and provider of online gaming products, including casino, sportsbook, and pari-mutuel betting. For more information about World Gaming plc, visit the company’s Web site at www.worldgamingplc.co.uk.

Starnet Systems International Inc., a subsidiary of the Company incorporated and operating out of Antigua, licenses its gaming software to third parties for an initial licensing fee and monthly royalties. Inphinity Interactive Inc., a wholly owned subsidiary of the Company develops gaming software and web pages. The Company's Internet casino is operated by its subsidiary, World Gaming Europe Limited and is incorporated and operating out of the U.K. The address for this site is www.worldgaming.com.

[Casoni]

WORLD GAMING plc ANNOUNCES INVESTMENT BY SPORTINGBET plc; RESIGNATION OF CEO
- Indicates strengthened board of directors


LONDON, UK, 9 April, 2003 - World Gaming plc (OTC BB: WGMGY), a UK-based I-gaming software and e-business services company, is pleased to provide additional details on the strategic partnership with Goodison Park Ltd. that was announced in a press release dated 7 April, 2003. Goodison Park Ltd. is a subsidiary of Sportingbet plc, World Gaming’s largest licensee.

Sportingbet has advised the Company that this investment has been made with the intention of securing the Company's future as an independent entity and to ensure that the Company is able to deliver the leading package of software to the online gaming industry. Sportingnet advises that it is lending its financial support to increasing the Company's creativity and accelerating its product development.

Concurrent with Sportingbet’s investment, Nicholas Jackson, the current Chief Executive of World Gaming, submitted his resignation as a member of the Board of Directors and as Chief Executive Officer with immediate effect. Nicholas Jackson, outgoing Chief Executive Officer of World Gaming, stated:

“After having given a number of years’ service to World Gaming, I am pleased to be departing having secured new investment for World Gaming and insured its future prosperity, through arranging investment from World Gaming’s largest licensee, Sportingbet. Previously I have not been in a position to disclose that Goodison Park is a subsidiary of Sportingbet, but I am now free to do so. Accordingly, I wish the incoming members of the World Gaming Board every success for the future in continuing World Gaming’s commitment to quality and performance.”

The existing Board is now in the process of electing new Board members. This procedure is expected to be completed later this week and the new Board will select a new Chief Executive Officer thereafter.

[Casoni]

WORLD GAMING plc COMPLETES NEW BOD; APPOINTS CEO
-Expresses commitment to regulation, accountability, growth and shareholder value.

LONDON, UK, 11 April, 2003 - World Gaming plc (OTC BB: WGMGY), a UK-based I-gaming software and e-business services company, is pleased to announce a new board of directors consisting of James Grossman, a San Francisco-based attorney, who will serve as Chairman; Daniel Moran, World Gaming's Chief Executive Officer; David Fleming, World Gaming's Chief Technology Officer; Clare Roberts, World Gaming's Antiguan counsel; and Victor Collins, a UK-based financier. The board has selected Daniel Moran as the Chief Executive Officer.

Daniel Moran has over 15 years of international business expertise, primarily in the technology and Internet sectors. Most recently he was the Managing Director for Sportingbet Australia. Mr. Moran has a broad range of technology-related experience through his software and I-gaming companies, his entrepreneurial endeavors and with corporate giants such as Motorola.

"Moving forward World Gaming will be operating as a progressive, independent company and abide by the following core values: regulatory compliance, public accountability, product innovation, and shareholder value", stated Mr. Moran. "The first step for the company is the development of a fresh, clear business plan."

[Casoni]

WORLD GAMING plc
Business Review Progress Update

LONDON, UK, 21 May, 2003 - World Gaming plc (OTC BB: WGMGY), a UK-based I-gaming software and e-business services company, is pleased to issue a progress update on the business review.

"In our announcement of 11 April, I stated that the first priority would be to implement a fresh, clear business plan. This has absorbed much of the board's time over the past month and I am pleased to announce that significant progress has been made. On the basis of the board's review it is clear that many challenges lie ahead, however the core business of World Gaming presents several opportunities for success and with appropriate financial management and an ongoing review of cost saving measures, it is the board's view that the group can return to profitability and return shareholder value.

World Gaming has a strong customer base including the largest on-line gaming company in the world. Strengthening ties with existing licensees is a key to World Gaming's success. This will be achieved through building on an outstanding product service suite. Furthermore, by attracting new licensees the group's revenue base will become more sustainable. Additionally, World Gaming is gifted with a strong team of employees that I am comfortable will drive the group towards meeting the goals stemming from our review," stated Daniel Moran, World Gaming's Chief Executive Officer.


Business Review

World Gaming is emerging from a difficult time that has seen the company accumulate unacceptable levels of debt, lose focus of the company's key strengths, and lack competitiveness for valuable new business.

The recent investment of capital into World Gaming has been critical in maintaining the company as a going concern and has enabled management to engage in reasonable discussions with all major creditors. This puts the company in a position to further develop operations through the summer and be in solid shape going into this year's lucrative football season.

World Gaming's road to success is with its product, services and infrastructure. Various well-documented distractions have hindered the company's ability to adequately manage these key aspects. World Gaming will refocus on our strengths, and working closely with our licensees will grow our existing revenue streams. Success in this direction will allow us to attract qualified and existing new licensee business that can accelerate the growth in our company's value.

World Gaming continues to have a large number of legal issues outstanding. Each of these has been reviewed and a decision on the next course of action has been made. These will be detailed in the 20-F.

The filing has been delayed beyond expectations due to disruptions in continuity of finance executives as well as the uncertainty with the outstanding legal issues, however the 20-F will be filed within the statutory deadlines. The ongoing review to the business will ensure proper controls are put in place so that future filings are completed in a timely manner.

The review of legal issues together with a full balance sheet review has lead to a number of provisions being created and amounts due to the group being written off as unrecoverable in the year to 31 December 2002. The board believes that by undertaking a prudent balance sheet review, a more transparent platform will be established from which the business can report without hindrance of past misjudgments. This review will not adversely affect the results for the current fiscal year.


Business Rationalization

World Gaming is immediately implementing the following measures to focus its actions on the company's core business of developing and licensing our software. The review is ongoing and further cost saving measures will be implemented as soon as relevant financial modeling has been concluded.

-The London office will be closed. This office was initially opened to expand into the European gaming markets and gain access to the UK capital markets. As the company's software does not support European gaming requirements and the market is already saturated with a number of mature competitors it is not a sensible option to pursue at this stage. Additionally World Gaming is unlikely to attempt to raise capital in the UK in the short-term.

-The Curacao license will be ceased. This license was primarily set up in response to proposed tax changes in Antigua that have since been rescinded.

-World Gaming will not operate an own brand gaming site. In order to refocus the business as the leading supplier and operator of casino and sportsbook software, it is counter-productive to compete with our customers and highly cost-ineffective for the group to maintain it's own gaming website. This has been demonstrated in both the operation of this site to date together with forecast cost/benefit analysis of the site moving forward. The significant investment in resources and marketing that is required to support only one hundred and thirty customers since the site was launched, of which only forty are active, is clearly not viable.

-EFS and our customer service will undergo pricing modification to ensure sufficient cost recovery rates are maintained. The board of directors has commissioned a cost benefit analysis on this part of the business and it has shown that there is insufficient recovery of costs from licensees utilizing this service. Whilst the board maintains that this is an important support function for a number of licensees, current losses cannot be sustained. The board therefore will seek to add efficiencies in process to this division, grow new processing routes for licensees and revise fee structures with relevant licensees.


Business Development

The board's immediate goals for business development are threefold:

1. World Gaming is entering into the second phase of its Casino 3.3 product rollout. As previously announced this much-anticipated product contains sixteen instant play java games and seventeen downloadable games. The enhanced customization capabilities available in Casino 3.3 allow licensees to differentiate themselves from competitors and offer strong branding. Also, the addition of progressive jackpots gives licensees the opportunity to network with gaming sites and offer an exciting global jackpot experience.

2. Improvement of the group's horse racing pari-mutuel product has been the number one product request from World Gaming's licensees. Work has begun on expanding the horse racing offering to make it a leading product in the market. The significantly enlarged product offering is expected to be highly beneficial to licensees while smoothing revenue streams for the group, particularly in the lower volume summer months. The new horse racing product is expected to be released within twelve weeks.

3. Another top priority for the company's licensees is to see improvements in World Gaming's infrastructure. The licensees need a high level of confidence in product and infrastructure reliability and stability. To that end World Gaming has recently finished a network upgrade providing network redundancy and will now be providing a complete Oracle upgrade to all its servers.

"Based on the needs of our licensees to drive revenue, we have advanced our backend network by concluding a complete network upgrade and will now be embarking on a complete Oracle upgrade of all of our servers", stated David Fleming, World Gaming's Chief Technology Officer. "The strength of our backend is at the core of our success and these upgrades will enable more players with enhanced stability, security, scalability and reliability."


Corporate Background
World Gaming plc is a UK-based I-gaming software and e-business services company. The Company is an international developer and licensor of online gaming products, including casino, sportsbook, and pari-mutuel betting. For more information about World Gaming plc, visit the company's Web site at www.worldgamingplc.co.uk.

Starnet Systems International Inc., a subsidiary of the Company incorporated and operating out of Antigua, licenses its gaming software to third parties for an initial licensing fee and monthly royalties. Inphinity Interactive Inc., a wholly owned subsidiary of the Company develops gaming software and web pages.
ON BEHALF OF THE BOARD OF DIRECTORS,
DANIEL MORAN, CHIEF EXECUTIVE OFFICER

[Casoni]

WORLD GAMING plc APPOINTS CFO AND EXECUTIVE DIRECTOR TO THE BOARD

London, U.K., 27 June 2003- World Gaming plc (OTC BB: WGMGY), a U.K. based I-gaming software and e-business services company is pleased to announce the following changes to its board:

David Naismith will join the group as Chief Financial Officer and member of the board with effect from 1 August 2003.
Victor Collins will resign from the board as a non-executive director with effect from 27 June 2003.
David Naismith is a qualified chartered accountant with several years experience in Internet gaming, most recently holding a senior finance role with Sportingbet plc having progressed from subsidiary finance directorships. Having qualified as a chartered accountant in audit with BDO, David progressed to transaction support predominately for international media groups working in both Australia and London/Europe including many US based businesses. Together with a strong financial control and reporting background, David's experience within the online gaming industry includes capital raising, acquisitions and global merchant processing in several locations including Costa Rica.

We thank Victor for the input he has had over the past few months of significant change. Victor's input has been instrumental in securing new investment into the group.

Commenting on the changes, CEO Daniel Moran said:

"We are delighted to welcome David to the board and have no doubt that his appointment will play a fundamental role in stabilizing the group's future. Strengthening the board will place the business in an optimal position to exploit opportunities as they arise. Enforcing financial accountability within the group while meeting strategic goals are fundamentals that the board is adopting to return shareholder value."

[Casoni]

WORLD GAMING plc REPORTS PROFITABLE QUARTER

LONDON, UK, 4 August, 2003 - World Gaming plc (OTC BB: WGMGY), a UK-based I-gaming software and e-business services company, is pleased to report financial results for the first quarter ended March 31, 2003.

Fiscal Results

Total revenues for the quarter ended March 31, 2003 remained relatively unchanged at $4,537,000 compared to $4,521,000 for the same period last year. Net income for the quarter ended March 31, 2003 was $441,000 or $0.01 per share compared to a net loss of $905,000 or $0.03 per share for the corresponding period last year.

The Company experienced a 19 percent increase in royalty revenues driven by strong revenue growth from the Company's licensees, particularly from the Sportsbook product. Transaction processing revenues declined 38% in line with management's intention to share this function with licensees. Sharing this function means that the best possible solutions are in place to counteract the difficult processing environment that the industry is currently experiencing. There was no revenue from new licenses for the quarter as the Company continued to focus on existing licensees.

The gross margin for the quarter was 87.3 percent as compared to 86.7 percent reflecting a more profitable revenue mix. The reduction of revenues from transaction processing and reselling of gaming licenses continue to play a role in improving our gross margins. These revenue sources have historically carried greater direct costs and thus yielded a lower gross margin.

Operating expenses decreased 27 per cent to $3,550,000 during the first quarter of 2003 compared to $4,865,000 for the same period last year. By removing the Company's direct sales force and marketing team which was completed during the third quarter of 2002, the Company realized a reduction in costs of $579,000 on a comparative basis to the same period last year. Corporate overhead continued to fall by 32% in the quarter resulting in a reduction of $335,000 when compared to the same period last year.



SELECTED STATEMENT OF OPERATIONS INFORMATION (in thousands)

For the three months ended
------------------------------
March 31, 2003 March 31, 2002
-------------- --------------

Net Sales ................................ $4,537 $ 4,521
Gross Profit ............................. 3,963 3,917
Operating Expenses excluding interest. 3,550 4,865
Net Profit (Loss) ........................ 441 (905)

Looking Ahead

Cost restructuring across all areas of the business together with growing licensee revenues continues as management's priority. Delivering enhanced infrastructure and product offerings over the next 12 months will enable the company to remain a competitive force in the on-line gaming software environment.

"The first quarter results are quite encouraging. Our ongoing efforts in the areas of fiscal responsibility as well as a clearer focus on achieving objectives such as growing revenues from licensees through increased product offerings and concentrating resources on the core software business of the Company are key success factors that are beginning to show results.", commented Daniel Moran, World Gaming's CEO. "Although we are taking important first steps to revitalize and restructure the Company, we realize that the road ahead requires more hard work and patience."

[Cabo]

WORLD GAMING ANNOUNCES AGM DATE

London, UK, August 20, 2003 - World Gaming plc (OTC BB: WGMGY), will hold its 2003 Annual General Meeting on Friday, September 19, 2003 at 11:00 a.m. at the offices of Pitmans Solicitors, 47 Castle Street, Reading, Berskhire, UK.



The matters to be considered include the election of directors, selection of the company's auditors and tabling the financial statements for 2002 as well as other matters addressed and explained in the proxy materials.

Proxy materials together with the financial statements for the year ended 31 December 2002 and the Chairman's letter to shareholders were mailed to shareholders in the week beginning August 18, 2003.

[Cabo]

WORLD GAMING plc REPORTS SECOND QUARTER RESULTS
London, UK, 12 September, 2003 - World Gaming plc (OTC BB: WGMGY), a UK-based Internet-gaming software and e-business services group of companies (the “Group), is pleased to report financial results for the second quarter ended June 30, 2003.

Highlights

Royalty revenue up 26 percent from the same period last year.
Operating expenses down 45% from the same period last year.
Net loss for the quarter $236,000 vs. $2,942,000 for the same period last year.
Year to date profit $205,000 vs. $3,847,000 loss for the same period last year.
Settlement of a significant number of legal disputes.
Release of the Casino 3.3.1 gaming product suite.
Successful upgrade to Oracle 9i platform.
Fiscal results

Total revenues for the quarter ended June 30, 2003 increased 12 percent to $2,986,000 from $2,655,000 for the same period last year. Net loss for the quarter ended June 30, 2003 was $236,000 or $0.01 per share compared to a net loss of $2,942,000 or $0.09 per share for the corresponding period last year.

The Group experienced a 26 percent increase in royalty revenues driven directly by stronger licensee net winnings in the quarter when compared to the same period last year. Assisted by enhanced product offerings and the release of the Group’s new Casino 3.3.1 product, the value of average amount wagered with licensees continued to climb a further 13% in the quarter when compared to the same period last year. The increase in average amounts wagered together with continued growth in many licensees businesses far outweighed the termination of a licensee contract in the quarter.

Transaction processing continued its decline in the quarter decreasing 34% for the three-month period to $214,000 from $323,000 as most of our major licensees continue to assume responsibility of their own merchant processing. Together with its licensees the Group is investing significant resources in an effort to strengthen its payment processing gateways so as to provide players with easy, reliable and efficient deposit and withdrawal routes.

There was no revenue from new licenses for the quarter as the Group continued to focus on existing licensees.

The gross margin for the quarter was 88.9 percent as compared to 88.5 percent reflecting stronger licensee net winnings in the quarter from the Sportsbook product. A marginal change in revenue mix attributable to a reduction in revenues from transaction processing also contributed to the overall percentage increase.

Operating expenses decreased 45 per cent to $2,911,000 during the second quarter of 2003 compared to $5,328,000 for the same period last year. The primary contributors to this reduction were:
- $Nil bad debts in the quarter compared to $862,000 for the same period last year due to improved due diligence procedures and risk sharing with licensees;
- a 35% reduction in corporate overhead, primarily in the areas of salary costs and communications;
- the elimination of the Group’s direct sales force team, completed in the third quarter of 2002 contributing to $488,000 of costs during the second quarter of 2002.

In addition to completion of the class action law suit settlement, the Group settled a number of outstanding legal disputes in the second quarter that have been a significant burden on the Group for some time. Management has taken a direct approach in dealing with these issues to free up the Group from drain of legal exposure. Due to confidentiality arrangements the Group cannot disclose full details, nevertheless a write-back of previously accrued costs of $300,000 has been made in the quarter ended June 30, 2003 as a direct result of some of these settlements.

Selected statement of operations information (unaudited, in thousands)

For the three months ended For the six months ended
June 30,2003 June 30,2002 June 30,2003 June 30,2002

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Net Sales $2,986 $2,655 $7,523 $7,176
Gross Profit 2,654 2,349 6,617 6,266
Operating Expenses 2,911 5,328 6,773 10,218
Net (Loss)/Profit (236) (2,942) 205 (3,847)


Operational update

During the second quarter the group performed an upgrade of its operating platform to Oracle 9i. The upgrade has enhanced stability and increases scalability for licensees as we move into our busiest season. This has been evident in the beginning weeks of the football season wherein thus far there have been no system outages or unexpected downtime.

The release of the Casino 3.3.1 product suite has provided our licensees with a larger variety of attractive quality games. The Group believes that these games are very competitive within the marketplace and expects the volume of bets to grow in the coming quarter.

The Group continues to seek introduction of an improved pari-mutuel product. Unfortunately this timeframe has extended beyond the board’s initial expectations. The improved pari-mutuel product remains a priority within the Group’s product suite and adequate resources are seeking to resolve this delay.

Looking ahead

Consistent with the Board’s intention to return shareholder value, much effort has been placed on resolving issues inherited from past management. The Board has made a concerted effort to resolve many of the litigious matters that threaten the Group’s future. While these efforts are ongoing, considerable progress has been made, although several matters are still not resolved.

In addition, the Group has concentrated on delivering enhanced infrastructure and product offerings, as demonstrated in the Oracle 9i upgrade and the release of Casino 3.3.1 suite of gaming products. This will enable the Group to remain a competitive force in the on-line gaming software environment in the future.

The cost base of the Group is gradually being restructured to a manageable level. The Group continues to take a responsible approach to all aspects of fiscal management. The compilation of legal settlements, cost restructuring and greater fiscal responsibility has enabled the Group to strengthen its balance sheet for the future, although a significant amount of work remains.

Daniel Moran, World Gaming’s CEO commented:

"Both the fiscal and operational results achieved in the quarter are encouraging. The team has pulled together over the last few months to stabilise the business in preparation for our busiest season. There are several challenges that remain, however a considered and responsible approach to these challenges is gradually producing results."

The company has today filed its Form 6-k with the U.S. Securities and Exchange Commission. Full details of this filing are available for viewing at www.sec.gov.

[Cabo]

WORLD GAMING AGM STATEMENT


London, UK, September 22, 2003 - World Gaming plc (OTC BB: WGMGY), held its 2003 Annual General Meeting on Friday, September 19, 2003 at 11:00 a.m. at the offices of Pitmans Solicitors, 47 Castle Street, Reading, Berskhire, UK.

The Board of World Gaming announces that all resolutions proposed at the Company's Annual General Meeting held on 19 September 2003 were approved by shareholders.

[Cabo]

WORLD GAMING plc REPORTS THIRD QUARTER RESULTS

LONDON, UK, November 4, 2003 - World Gaming plc (OTC BB: WGMGY), a UK-based Internet-gaming software and e-business services group of companies (the "Group), is pleased to report financial results for the three and nine months ended September 30, 2003.

Highlights

Year to date profit $24,000 vs. $4,754,000 loss for the same period last year.
Net loss for the quarter $181,000 vs. loss of $903,000 for the same period last year.
Royalty revenue up 5 percent from the same nine-month period last year.

Operating expenses down 26% from the same nine-month period last year.

Settlement of Sinsational Intertainment legal claim.

Settlement of a significant capital lease obligation.

Highest system uptime in Group's history.
New products scheduled for release.


Fiscal results

Total revenues for the quarter ended September 30 were $2,818,000 compared to $3,558,000 for the same period last year. This 21% decline in revenues in the quarter is directly attributable to the poor net win achieved by our licensees towards the end of the quarter and controlled system downtime in July due to the upgrade of the Group's operating platform.
Net loss for the quarter ended September 30, 2003 was $181,000 or $0.01 loss per share compared to a net loss of $903,000 or $0.03 loss per share for the corresponding period last year. Net profit was $24,000 for the nine months ended September 30, 2003 or $0.01 per share compared to a loss of $4,754,000 or $0.14 loss per share for the corresponding period last year.

The Group experienced a 24 percent decrease in royalty revenues in the quarter when compared to the same period last year. In the quarter, stronger licensee player winnings, specifically towards the end of the quarter and controlled system downtime as a result of the Oracle 9i software upgrade each contributed to this decline. However, for the nine months ended September 30, 2003 royalty revenues are exceeded last year by 5%.

Subsequent to the end of the quarter, licensee net win primarily on sports, have exceeded Management's expectations. Furthermore, volumes are now exceeding last year in both deposits and wagering.

Assisted by enhanced product offerings and the release of the Group's new Casino 3.3.1 product, the value of average amount wagered with licensees continued to climb a further 8% in the quarter when compared to the same period last year. Several of our larger licensees' businesses continue to show strong year-on-year growth.

Transaction processing revenues increased 152% for the three-month period to $346,000 from $137,000 during the same period last year. The increase in transaction processing revenues has been achieved through the implementation of a revised pricing structure for this service. The revised pricing structure has resulted in full cost recovery in this area, whereas this area of the business has historically resulted in losses. The Group currently processes less than 6% of total deposit volume on behalf of licensees. Transaction processing remains a challenging area of the business.

There was no revenue from new licenses for the quarter as the Group continued to focus on existing licensees. As the enhancement of its platform and product suite continues, the Group expects to widen its focus to once again include marketing to new licensees, but only to the extent the Group is in a position to fully support such licensees.

The gross margin for the quarter was 87.4 percent as compared to 90.4 percent for the same period last year. The reduction in gross margin is primarily a result of lower royalty revenue due to weaker licensee net winnings, particularly at the end of the quarter from the Sportsbook product. In addition, the increase in revenues from transaction processing due to greater volumes contributed to the lower gross margin in the quarter as direct costs as a percentage of these revenue sources are typically higher than those associated with royalty revenue.

Operating expenses decreased 26 per cent to $2,948,000 during the second quarter of 2003 compared to $3,989,000 for the same period last year. The primary contributors to this reduction were:


- $Nil bad debts in the quarter compared to $222,000 for the same period last year due to improved due diligence procedures and risk sharing with licensees;
- a 45% reduction in corporate overhead or $494,000, primarily in the areas of salary costs and communications;
- the elimination of the Group's direct sales force team, completed in the third quarter of 2002, contributing to $189,000 of costs during the second quarter of 2002.

Professional fees were substantially higher in the quarter, directly as a result of advice obtained in respect of inherited legal issues.

Subsequent to the end of the quarter, the Group made significant progress in settling a substantial outstanding legal dispute with Sinsational Intertainment. The terms of this settlement involves the agreement by Sinsational Intertainment to terminate all of its claims against the Company in exchange for which the Company will not further pursue its claims against Sinsational Intertainment. Any amounts owed to the Group by Sinsational Intertainment had been provided for in full in the quarter to June 30, 2003.

In addition, the Company resolved issues relating to an outstanding equipment lease with EMC Corporation. At the time of settlement, EMC had indicated an amount equal to $1,500,000 CAD may have accrued. This was settled in full for $300,000 by an upfront payment of $100,000 with the remainder payable in equal instalments over twelve months.

The result of settlement of the above claims has given rise to write-back of $274,000 of amounts previously accrued in respect of the equipment lease.



Selected statement of operations information (unaudited, in thousands)


For the three months ended For the nine months ended
September 30, 2003 September 30, 2002 September 30, 2003 September 30, 2002

Net Sales $ 2,818 $ 3,558 $ 10,341 $ 10,734
Gross Profit 2,464 3,217 9,081 9,483
Operating Expenses 2,948 3,989 9,772 14,211
Net(Loss)/Profit (181) (903) 24 (4,754)

Operational update

Throughout the third quarter, The Group experienced the highest level of system and network uptime in its history. This is directly attributable to the work performed before the start of the football season in upgrading the Oracle Database and network infrastructure.

Several areas of the business remain under review. Those areas requiring enhancement or those that are not congruent with the Group's core business will be restructured over the coming 6 months. Any restructuring will stem from a focus on delivery of quality products on a timely basis to our licensees.

In keeping with the Group's commitment to deliver an enhanced product suite, a new concept in on-line gaming called Virtual Games will be released to our licensees in the fourth quarter of 2003. These games have proven to be very successful in the European market and will add an additional revenue stream to the Group that is less susceptible to seasonal fluctuations.

The Group remains committed to delivering an expanded horseracing product, the timetable for which has extended beyond Management's expectations due to supplier-based matters. These matters have now been rectified and further stages of development have commenced.

In addition, the Group is investigating delivering a multi-player poker product in 2004.

Daniel Moran, World Gaming's CEO commented:

"The Group has undergone an extremely busy period in dealing with inherited issues that were of direct detriment to the Group's viable future. The resolution of many of these issues, in particular those of a litigious nature, are extremely positive and dissipate a significant distraction to Management. The Board's resolve to grow the business through enhanced products and infrastructure remains and a culture of heightened fiscal responsibility is strengthening the Group's financial position."

SEC filing
The company has today filed its Form 6-k in respect of the three and nine months ended September 30, 2003 with the U.S. Securities and Exchange Commission. Full details of this filing are available for viewing at www.sec.gov.

[Cabo]

WORLD GAMING plc ANNOUNCES THE RELEASE OF VIRTUAL GAMES PRODUCT

LONDON, UK, December 22, 2003 - World Gaming plc. (OTC BB: WGMGY), a UK-based Internet-gaming software and e-business services group of companies (the Group), is pleased to announce the release of Virtual Games.

World Gaming has today launched the Virtual Games product suite to its Licensees. The first phase of the release provides two exciting games. These Flash games are absorbing, easy to play, and provide instant entertainment.

Virtual Derby
Just like real horse racing, players can research the standings of jockeys, trainers, horses and conditions in order to make their selection. Based on that information the betting proposition is formulated and players can watch the "virtual" race instantly.

Super HiLo
Super HiLo is an exciting game of chance where players bet on the outcome of card combinations. Players have the opportunity to win big by attempting to place a number of cumulative wagers as part of the same game.

These games can be enjoyed as a complimentary betting proposition to other wagering products within the World Gaming suite or simply played on their own. Further games will be added to the Virtual Games product suite in the first quarter of 2004.

Daniel Moran, World Gaming's CEO commented:

"The Virtual Games product suite provides a valuable addition to our licensee's revenue streams. Non-event reliant gaming products are less susceptible to seasonal fluctuation and seek to maximize overall player enjoyment. This exciting addition is consistent with the Board's stated aim to grow the business through delivering enhanced products and infrastructure to our licensees."