World Gaming Completes Acquisition - Friday 16th of December 2005

LONDON – The Board of World Gaming ispleased to announce that it has completed the acquisition of theSportsbetting.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 fromBarclays PLC plus the previously announced placing of shares to raise pndsstlg 6 million for the Group before expenses. In addition, Barclays hasprovided a revolving facility of up to $5 million.

Commenting on the acquisition, CEO, Daniel Moran said: "The acquisitionof the Sportsbetting.com Group is a significant extension of the Group'sbusiness. The limited integration plus the strong proven growth makes thisacquisition an ideal fit for continued organic and acquisitive growth of theGroup."

Jamie Grant, Director Barclays Leveraged Finance commented: "We atBarclays are very pleased to support World Gaming in this strategicacquisition. The compelling business proposition and the enthusiasm of themanagement team ensures that World Gaming is now well placed to furtherleverage its business assets, and benefit from future market growth."

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