World Gaming plc
By Linda
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, pounds

Sterling 11 million in gross revenue, and a valuation by Merrill

Lynch of pounds Sterling 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.'


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. The Company 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


Contact:

David Doze, Vice President

Goodman Communications Inc.

416-924-9100, ext. 222

david@goodmanpr.com

 
 
 
 
 
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