SOURCE: World Gaming plc
LONDON, UK -- World Gaming plc (OTC BB: WGMGY), a UK-based I-gaming software and e-business services company, is pleased to provide additional details on the strategic partnership with
Goodison Park Ltd. that was announced in a press release dated 7 April, 2003. Goodison Park Ltd. is a subsidiary of Sportingbet Plc, World Gaming's largest licensee.
Sportingbet has advised the Company that this investment has been made with the intention of securing the Company's future as an independent entity and to ensure that the Company is able to deliver the leading package of software to the online gaming industry. Sportingnet advises
that it is lending its financial support to increasing the Company's creativity and accelerating its product development.
Concurrent with Sportingbet's investment, Nicholas Jackson, the current Chief Executive of World Gaming, submitted his resignation as a member of the Board of Directors and as Chief Executive Officer with immediate effect. Nicholas Jackson, outgoing Chief Executive Officer of World
Gaming, stated:
"After having given a number of years' service to World Gaming, I am pleased to be departing having secured new investment for World Gaming and insured its future prosperity, through arranging investment from World Gaming's largest licensee, Sportingbet. Previously I have not been in a
position to disclose that Goodison Park is a subsidiary of Sportingbet, but I am now free to do so. Accordingly, I wish the incoming members of the World Gaming Board every success for the future in continuing World Gaming's commitment to quality and performance."
The existing Board is now in the process of electing new Board members. This procedure is expected to be completed later this week and the new Board will select a new Chief Executive Officer thereafter.