First Day of Dealings on AIM

World Gaming PLC
17 May 2005





FOR IMMEDIATE RELEASE                                                17 MAY 2005

                                WORLD GAMING PLC
                        ('World Gaming' or 'the Group')


                          FIRST DAY OF DEALINGS ON AIM


The Board of World Gaming, an internet Gaming Software provider offering a
comprehensive suite of products and services for internet gaming Operators, is
pleased to announce today the commencement of trading on AIM under the symbol
WGP. The Company has raised a total of £2,499,000 at 52.5 pence (US$1.00) per
share. Daniel Stewart & Company plc is acting as Nominated Adviser and Broker.

PLACING STATISTICS

   •Issue Price: 52.5p;

   •Number of new Ordinary Shares being placed: 4,760,000;

   •Gross proceeds of the Placing receivable by the Company: £2,499,000;

   •Net proceeds of the Placing receivable by the Company: £2,029,000;

   •Proportion of the Enlarged Share Capital represented by the Placing
    Shares: 13 per cent.;

   •Number of Ordinary Shares in issue at Admission: 37,985,203; and

   •Market capitalisation at Admission at the Issue Price: £19,262,632.


THE BUSINESS

World Gaming is an internet Gaming Software provider offering a comprehensive
suite of products and services for internet gaming Operators and white-label
partners. World Gaming offers a wide range of integrated online gaming solutions
including sportsbook, racing, casino and poker, supported by comprehensive
e-commerce, customer service and back-office management systems.

Through its wholly-owned subsidiaries, the Group licenses the Gaming Software
and provides a complete package of related services for which it charges a
royalty and other fees to Operators.

Prior to October 2004, the Gaming Software was owned and developed solely by the
Group through its wholly-owned subsidiaries. A joint venture agreement with
Sportingbet Plc ('Sportingbet') was entered into in October 2004, pursuant to
which the Gaming Software was transferred to an equally owned exempt liability
partnership with Sportingbet.

The Gaming Software is an established and reliable product which provides
internet gaming Operators with a user-friendly, fully integrated, high quality
interactive platform. World Gaming, through its wholly-owned subsidiaries, can
provide flexible offering for Operators, varying from full service white-label
solutions to simply providing software and hosting. Such flexible solutions
enable the Group to reach a wider spectrum of on-line Operators and meet their
customised on-line gaming site requirements.

The Gaming Software, supplemented in certain cases by integrated third party
products, provides a suite of software to allow Operators to design, operate and
manage on-line gaming websites. The full suite covers sports betting, horse
racing, casino, virtual games and on-line poker. The Group sublicenses virtual
games to enhance its casino offering and also sublicenses an on-line poker
product from a supplier who has a specialist product in that area.

The Directors believe that few rival providers offer such a comprehensive suite
of integrated products. World Gaming currently licenses the gaming Software to
eleven Operators. The Group is now actively seeking to add further quality
licensees and white-label partners.

In May 2001, ADRs representing Ordinary Shares of World Gaming began quotation
on the OTC Bulletin Board. The OTC Bulletin Board is a quotation service for
over-the-counter securities operated by NASDAQ, although such securities are not
actually listed on The NASDAQ Stock Market.

RESULTS FOR THE YEAR TO 31 DECEMBER 2004

After a reorganisation of the Group's operations in the year, turnover of
$16.288m (2003: $17.698) was achieved, resulting in an operating profit of
$5.080m (2003: $2.330m). After exceptional items of $12.187m in respect of a
transaction with Sportingbet in the year, profit before tax grew to $17.370m
(2003: $3.108m).

CORPORATE STRATEGY

The Directors believe that the Group's current Management has been successful in
reorganising and turning around a business which, despite valuable assets,
relationships and market position, had been experiencing difficulties. The
Directors believe that the Group now has strong relationships with its Licensees
and suppliers, an attractive product offering and a strong financial and
operational base from which to exploit further growth opportunities in its core
software licensing model. In addition, the Group has strong cash reserves and a
positive cash flow. Accordingly, the Directors will continue to examine business
opportunities and potential corporate transactions which they believe will
broaden as well as increase revenue streams, enhance shareholder value and
reduce risk in the business.

AMENDMENT

The number of shares being applied for is 37,985,203 rather than 37,585,203, as
disclosed in the Admission document published on 12 May. This is due to the
exercise of 400,000 options, on both 15 and 25 April 2005.

Accordingly, the number of Options outstanding prior to the Placing is
10,088,433, rather than the 10,488,433 as disclosed in the Prospectus.


THE BOARD

The Group's strong Board brings with it a wealth of experience in both the
internet gaming sector and senior management.

The Directors of the Company are:

James Grossman, Non-Executive Chairman
James is an attorney with experience in the international business, corporate,
and venture capital areas.

Daniel Moran, Chief Executive Officer
Daniel has over 15 years of international business experience, primarily in the
technology and Internet sectors. Most recently, he was the Managing Director for
Sportingbet Australia.

David Naismith, Chief Financial Officer
David is a qualified chartered accountant with several years experience in
Internet gaming in various jurisdictions, most recently holding a senior finance
role with Sportingbet.

Jon Moss, Sales and Marketing Director
Jon has 8 years senior management experience in the e-gaming sector. Immediately
prior to his appointment at World Gaming, Jon held the position of Business
Development Director at WagerLogic Limited, the licensing and services
subsidiary of CryptoLogic Inc., one of the industry's leading e-gaming software
providers.

Clare Roberts, Non Executive Director
Mr Roberts has served as a Director of the Company since 18 October 2000 and was
Chairman of the Board from 20 November 2002 to 11 April 2003.

Michael Cumming, Non Executive Director
Michael has over 35 years of experience in the field of Private Equity. He is
currently Chairman of Mercia Fund Management, Matrix Venture Fund VCT PLC,
Private & Commercial Finance Group PLC and UK Smaller Companies Tracker Trust
PLC

Commenting on today's listing, Daniel Moran, Chief Executive Officer: 'We are 
delighted to have listed on AIM today. Given the current strength of the online 
gambling market, we believe that our UK listing will offer a great opportunity 
to continue the development of the Company. We are delighted to welcome our UK 
institutional shareholders and look forward to driving the Company forward and 
providing exceptional value for shareholders.'


                                    --ENDS--

Enquiries:

BISHOPSGATE COMMUNICATIONS LIMITED                            Tel: [phone]
Maxine Barnes
Dominic Barretto

DANIEL STEWART & COMPANY PLC                                  Tel: [phone]
Ruari McGirr

The Ordinary Shares have not been and will not be registered under the U.S.
Securities Act of 1933 (the 'Securities Act') and may not be offered or sold in
the United States or to a U.S. person (as such term is defined in Regulations S
under the Securities Act) absent registration or an applicable exemption from
registration under the Securities Act.






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