World Gaming plc’s First Day on the AIM

World Gaming, a leading provider of internet gaming software, announced that it has started trading on the London Stock Exchange's Alternative Investment Market (AIM) with the symbol WGP. The initial price per share is $1.00 US, and they have sold close to 4.5 million shares. Currently, the shares cannot be traded in the US market.

Interactive Systems Inc., a primary subsidiary of World Gaming, is based in Antigua, and licenses internet gambling software to online casinos and poker rooms. Customers pay a licensing fee as well as monthly fees to Interactive Systems. The software supplies a fully integrated solution, sometimes employing technologies licensed by other companies, which includes online poker, casino games, and betting options such as sports betting and horse racing.

The software solution includes back-end software which provides everything necessary for efficient book-keeping, monitoring, and management.

2004 saw a significant increase in profits to $17.370 million over 2003’s $3.108 million, before taxes. - 2005-05-20 10:27:47

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