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World Gaming launches new gaming site

Published: 
2003-01-23 00:00:00

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.