|World Gaming, a UK-based I-gaming company, has announced significant changes to its operations. The company, which in its own words has “a large number of legal issues outstanding”, is to close its European operations, discontinue its own-branded online casino, and let go its Curacao license. The company is also proceeding with the second phase of the rollout of its Casino 3.3 software, which includes progressive jackpot games for the first time.|
World Gaming’s London office will be closed. The office was to have provided a base from which to expand into the European gaming markets and to gain access to UK capital markets. However, World Gaming’s software does not support stringent European gaming requirements, and the company also cites the already crowded European gaming market.
The Curacao license was set up in response to proposed tax changes in Antigua, which have now been rescinded.
The decision not to continue with World Gaming’s own-brand gaming site is to avoid competing with customers who use the company’s casino software. Also, the figures for the site indicate that the investment simply wasn’t worth it: only 130 customers, of which only 40 are active.
The company has also announced an upgrade of its servers to Oracle to deliver a more reliable and secure Internet backbone for customers.
The announcement follows the resignation in April of CEO Nicholas Jackson, and a significant investment from Goodison Park Ltd, a subsidiary of Sportingbet Plc, World Gaming’s largest licensee. The investment has helped bail out World Gaming, which has “unacceptable levels of debt”.