World Gaming Plc Announces Completion of Sportbetting.com Acquisition

Wednesday, December 13th, 2005

The Board of World Gaming is pleased to announce that it has today completed the acquisition of the Sportsbettiong.com Group.

All conditions required to be met prior to completion have now been met.

Funding for the acquisition includes a $40 million term loan from Barclays PLC plus the previously announced placing of shares to raise £6 million for the Group before expenses. In addition, Barclays has provided a revolving facility of up to $5 million.

Commenting on the acquisition, World Gaming CEO, Daniel Moran said: "The acquisition of the SPORTSBETTING.COM Group is a significant extension of the World Gaming Group's business. The limited integration plus the strong proven growth makes this acquisition an ideal fit for continued organic and acquisitive growth of the Group."

Jamie Grant, Director Barclays Leveraged Finance commented: "We at Barclays are very pleased to support World Gaming Plc in this strategic acquisition. The compelling business proposition and the enthusiasm of the management team ensures that World Gaming is now well placed to further leverage its business assets, and benefit from future market growth. "

Enquiries:

World Gaming plc
Tel. +1 888 883 0833
Daniel Moran, Chief Executive