PRESS RELEASE
SOURCE: World Gaming plc
LONDON, UK -- World Gaming plc (OTC BB: WGMGY), Mr. David Craven's employment as Chief Executive Officer of World Gaming Plc has ceased with effect from 13th January 2003. Mr Craven had been suspended, pending investigation of allegations against him, since 18th December 2002. These allegations were to have been fully discussed with him at a Board Meeting on the 17th January 2003. However, he has now notified the Company that he considers his employment to be at an end forthwith, and alleges that he has been unfairly dismissed, an allegation strongly denied by the Company.
World Gaming Plc is a UK-based I-gaming software and e-business services company. The Company is an international developer, licensor, and provider of online gaming products, including casino, sportsbook, and pari-mutuel betting.
Starnet Systems International Inc., a subsidiary of the Company incorporated and operating out of Antigua, licenses its gaming software to third parties for an initial licensing fee and monthly royalties. Inphinity Interactive Inc., a wholly-owned subsidiary of the Company develops gaming software and web pages. The Company's Internet casino, which targets only customers outside North America, is operated by its subsidiary, World Gaming Services, Inc., also incorporated and operating out of Antigua.