World Gaming Provides Positive Outlook
By staff
London, United Kingdom

World Gaming plc (OTC BB: WGMGY), a global pioneer in I-gaming

technologies, today provided guidance on revenue, gross margins and

earnings, including expectations of a profitable fourth quarter,

for the period ending December 31, 2001.

'In less than nine months new management has strengthened the

company's operations and set an attainable path toward

profitability,' said Mike Aymong, Chief Executive Officer. 'We have

improved internal processes and procedures and strengthened our

service platform for licensees. These initiatives ensure that we

are well-positioned to take advantage of significant opportunities

in this high-growth industry.'

The company provided guidance on key financial measures:

* Royalty revenue is expected to recover after a difficult

September caused by events in the United States.

* Overall, revenues in each of the fourth quarter 2001 and the

first quarter 2002 are expected to be in the range of $6

million to $7 million.

* During the same period, gross margins are expected to return

to historic levels of 75 to 80 per cent.

* Net income is expected to be in the range of $0.9 million to

$1.1 million in the fourth quarter of fiscal 2001 and in the

range of $0.8 million to $0.9 million in the first quarter of

fiscal 2002.

'Looking ahead, we remain committed to developing new sportsbook

products and to making further improvements to our European and

Asian offerings,' said Mr. Aymong. 'In the coming months, we expect

to introduce new gaming products and enter into new jurisdictions,

which will contribute to ongoing revenue in the second half of

fiscal 2002.'

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. For more information about

World Gaming, visit the company's Web site at

Media Relations:

Heather Grant

Goodman Communications Inc.

416-924-9100, ext. 233

Investor Relations:

Chris Barnes/ Rejane Wilson

The Barnes Organization


Safe Harbor Statement under the Private Securities Litigation

Reform Act of 1995: The statements contained herein which are not

historical fact are forward-looking statements that are subject to

risks and uncertainties that could cause actual results to differ

materially from those expressed in the forward-looking statements,

including, but not limited to, certain delays in testing,

evaluation and deployment of products, fraud occasioned upon

licensees of World Gaming, regulation of the online gaming

industry, and other risks detailed from time to time in World

Gaming's filings with the Securities & Exchange Commission. We

assume no responsibility for the accuracy and completeness of these

statements and are under no duty to update any of the

forward-looking statements contained herein to conform these

statements to actual results. This is not an offer to sell or a

solicitation of an offer to purchase any securities.

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