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World Gaming Makes an Important Acquisition

By Joni Hawk, Dec 14th 2006
The Board of World Gaming is more than happy to announce that it has recently completed the acquisition of the Sportsbetting.com Group.

All of the conditions necessary for the completion to take place have been achieved. In order to fund the acquisition there is a need for a $40 million term loan from
Barclays PLC not to mention the previously announced placing of shares to raise pnds
stlg 6 million which will be for the Group before operating expense. Besides this, Barclays has offered a revolutionary facility which will go up to $5 million.

CEO, Daniel Moran declared upon the acquisition: "The acquisition of the Sportsbetting.com Group is an important step towards the extension of the Group's business. The limited incorporation plus the strong proven expansion makes this purchase an ideal fit for continued organic and acquisitive growth of the Group."

Jamie Grant, Director Barclays Leveraged Finance added: "Here at
Barclays we are more than happy to sustain World Gaming in this strategic acquisition. The undeniable business proposition and the enthusiasm of the management team ensures that World Gaming is now on the right track for further power in its business assets, and benefit from future market growth."

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