World Gaming Expands Relationship With Number One Licensee; sportsbook.com, playersonly.com and acescasino.com Reach Exclusive Software Deal Until 2004

Business Wire, June 15, 2001

Business Editors

ST. JOHN'S, Antigua--(BUSINESS WIRE)--June 15, 2001

World Gaming plc (NASDAQ OTC:WGMGY), a global pioneer in I-gaming technologies, today announced it has reached an expanded agreement with its number one licensee, Internet Opportunity. During the past year, Internet Opportunity processed over $1.3 billion in wagers on behalf of its 80,000 customers, making it one of the largest providers of I-gaming entertainment in the industry.

The agreement will see www.sportsbook.com, www.playersonly.com, and www.acescasino.com use World Gaming software exclusively until August of 2004. In addition, the existing U.S.$1.5 million loan to World Gaming from an affiliate of Internet Opportunity has been fully converted into equity by the issuance of World Gaming shares to AIM Investments Limited, a corporation organized in Gibraltar. In addition, Internet Opportunity has agreed to collaborate with World Gaming on additional business opportunities in Europe.

"Not only have we been able to extend our exclusive agreement until 2004, we have also strengthened our business relationship in important ways," said Mike Aymong, CEO of World Gaming. "The conversion of the loan to equity is a strong endorsement of management's current direction and business plan. Internet Opportunity's success in the I-gaming industry makes it a strong business partner for opportunities we are now exploring in Europe."

About Internet Opportunity

Internet Opportunity owns and operates many I-gaming sites using World Gaming technology. Sportsbook.com is the oldest, most experienced, and largest provider of sports wagering entertainment on the Internet today. Some of the other sites Internet Opportunity operates include wallstreet.com, playersonly.com and acescasino.com.

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, sports book and pari-mutuel betting.

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.