World Gaming plc
By Linda
World Gaming plc Update To Shareholders

LONDON, UNITED KINGDOM--The Board of Directors of World Gaming plc (OTC BB:

WGMGY) wishes to provide shareholders with an update to address the many

changes within the company since its Annual General Meeting was held in June.

The Board's intention going forward is to keep shareholders fully informed and

to provide updates like this on an ongoing basis outside of the normal course

of company announcements issued by management.

First and foremost, the Board is pleased that Mr. David Craven has accepted the

position of Chief Executive Officer and we look forward to working with him.

Mr. Craven brings a wealth of Internet and gaming experience to the job along

with his previous experience as a CEO. Mr. Jim Mackay is no longer associated

with World Gaming.

There have been many rumours circulating regarding the merger of the company

with a competitor. The Board can confirm at this time that although talks have

taken place, no agreement is imminent at this stage.

World Gaming recently announced Baker Tilly as the company's auditors. Baker

Tilly is now in the process of reviewing the company's audited financial

statements to 31 December, 2001, as well as conducting an overall review in

order to assure shareholders of the completeness and accuracy of the company's

finances. Baker Tilly's work is standard practice and is not to be construed


The delay in filing the company's 20-F is a result of turnover at the senior

management level. This matter is being dealt with and the company's 20-F will

be filed shortly. Furthermore, the Board has instructed management that it is

the company's policy to report interim financial results on a quarterly basis.

As such, the company will be reporting its Q1 results in due course.

The minutes of the Annual Meeting are also being prepared, along with the count

of proxy votes. Shareholders will be advised accordingly.

Bridging finance has been arranged and a full statement will be made next week

along with important announcements about new business.

Also, prospects for the

company going forward are very good and costs have been dramatically reduced.

The company's Toronto office has been closed and its offices in Antigua

relocated at a significant saving.

In addition, our top licensees are pleased with the appointment of Mr. Craven

and have expressed their support of the company's efforts to realize its

tremendous potential.

The Board of Directors of World Gaming is committed to guard and protect the

interests of shareholders. As such, the company will establish a two-way

communication system in the near future to facilitate the influx of views,

questions and ideas, and to encourage the participation of shareholders with



World Gaming plc

Nicholas Jackson

Chairman of the Board

Phone: (322) 688-0727



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