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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
dated October 22, 2004
WORLD GAMING PLC
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(Exact Name as Specified in its Charter)
N/A
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(Translation of Registrant's Name)
Jasmine Court
Friars Hill Road
St. Johns, Antigua
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(Address of principal executive offices) (Zip code)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): Not applicable.
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EXPLANATORY NOTE:
Attached hereto as an exhibit to this Form 6-K is a press release issued by the
Registrant dated October 13, 2004 relating to the results of the vote taken by
the Registrant's shareholders at the Registrant's Annual General Meeting held on
October 12, 2004. The press release is incorporated herein by reference.
Exhibit Description of Exhibit
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1 Registrant's press release dated October 13, 2004
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused the Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: October 22, 2004
WORLD GAMING PLC
By: /s/ David James Naismith
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Name: David James Naismith
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Title: CFO
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EXHIBIT INDEX
Exhibit Description of Exhibit
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1 Registrant's press release dated October 13, 2004
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EXHIBIT 1
WORLD GAMING PLC ANNUAL GENERAL MEETING STATEMENT
LONDON, UK, OCTOBER 13, 2004 - World Gaming PLC (OTC BB: WGMGY), held its 2004
Annual General Meeting on Tuesday, October 12, 2004 at 11:00 a.m. at the offices
of Reed Smith, 5 Montague Close, London, UK.
The Board of World Gaming announces that all resolutions proposed at the
Company's Annual General Meeting held on October 12, 2004 were approved by the
shareholders. These resolutions included those relating to the transaction with
Sportingbet PLC and its affiliates upon which Sportingbet abstained from voting.
All resolutions passed by an overwhelming majority.
The Board of Directors presented to shareholders with respect to its financial
results, business plan moving forward and its implementation. The Board is
focusing on three key areas:
- Software licensing specifically targeting existing operators as well as
providing turnkey solutions for non gaming businesses with substantial
databases looking for new sources of revenues. Licensing will involve
both US and European facing platforms;
- Acquisition of one or more gaming related businesses;
- Entry into specific niche markets for gaming and gaming related
services.
The implementation of these plans are still at early stages and are intended to
broaden the Company's revenue base while maintaining a scalable cost structure.
The Board will update shareholders after further progress in these areas has
been made. Achieving critical mass in a combination of these areas is expected
to provide the company with opportunity to move to new markets such as the
Alternative Investment Market of the London Stock Exchange.
CORPORATE BACKGROUND
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.
For more information about World Gaming PLC, visit the company's Web site at
www.worldgamingplc.co.uk.
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.
Contact:
Investor Relations
World Gaming plc
investor.relations@worldgaming.com
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Special Note Regarding Forward-Looking Statements
WE MAKE CERTAIN FORWARD-LOOKING STATEMENTS IN THIS DOCUMENT WITHIN THE MEANING
OF SECTION 27A OF THE SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995 PROVIDES A SAFE HARBOUR FOR FORWARD-LOOKING STATEMENTS. TO
COMPLY WITH THE TERMS OF THE SAFE HARBOUR, WE NOTE THAT A VARIETY OF FACTORS
COULD CAUSE OUR ACTUAL RESULTS AND EXPERIENCE TO DIFFER SUBSTANTIALLY FROM THE
ANTICIPATED RESULTS OR OTHER EXPECTATIONS EXPRESSED IN OUR FORWARD-LOOKING
STATEMENTS. WHEN WORDS AND EXPRESSIONS SUCH AS: "BELIEVES," "EXPECTS,"
"ANTICIPATES," "ESTIMATES," "PLANS," "INTENDS," "OBJECTIVES," "GOALS," "AIMS,"
"PROJECTS," "FORECASTS," "POSSIBLE," "SEEKS," "MAY," "COULD," "SHOULD," "MIGHT,"
"LIKELY," "ENABLE" OR SIMILAR WORDS OR EXPRESSIONS ARE USED IN THIS DOCUMENT, AS
WELL AS STATEMENTS CONTAINING PHRASES SUCH AS "IN OUR VIEW," "THERE CAN BE NO
ASSURANCE," "ALTHOUGH NO ASSURANCE CAN BE GIVEN" OR "THERE IS NO WAY TO
ANTICIPATE WITH CERTAINTY," FORWARD-LOOKING STATEMENTS ARE BEING MADE. THESE
FORWARD-LOOKING STATEMENTS SPEAK AS OF THE DATE OF THIS DOCUMENT.
THE FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND
INVOLVE RISK AND UNCERTAINTIES. THESE RISKS AND UNCERTAINTIES MAY AFFECT THE
OPERATION, PERFORMANCE, DEVELOPMENT AND RESULTS OF OUR BUSINESS AND COULD CAUSE
FUTURE OUTCOMES TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OUR FORWARD-LOOKING
STATEMENTS. THESE STATEMENTS ARE BASED ON OUR CURRENT BELIEFS AS TO THE OUTCOME
AND TIMING OF FUTURE EVENTS, AND ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE
PROJECTED OR IMPLIED IN THE FORWARD LOOKING STATEMENTS. FURTHER, SOME
FORWARD-LOOKING STATEMENTS ARE BASED UPON ASSUMPTIONS OF FUTURE EVENTS WHICH MAY
NOT PROVE TO BE ACCURATE. THE FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND
UNCERTAINTIES INCLUDING, WITHOUT LIMITATION, THE RISKS AND UNCERTAINTIES
REFERRED TO IN OUR FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION,
INCLUDING OUR MOST RECENT FORM 20-F.
WE UNDERTAKE NO OBLIGATION TO PUBLICLY UPDATE OR REVISE ANY FORWARD-LOOKING
STATEMENTS AS A RESULT OF FUTURE DEVELOPMENTS, EVENTS AND CONDITIONS OUTSIDE OF
OUR CONTROL. NEW RISK FACTORS EMERGE FROM TIME TO TIME AND IT IS NOT POSSIBLE
FOR US TO PREDICT ALL SUCH RISK FACTORS, NOR CAN WE ASSESS THE IMPACT OF ALL
SUCH RISK FACTORS ON OUR BUSINESS OR THE EXTENT TO WHICH ANY FACTOR, OR
COMBINATION OF FACTORS, MAY CAUSE ACTUAL RESULTS TO DIFFER SIGNIFICANTLY FROM
THOSE FORECAST IN ANY FORWARD-LOOKING STATEMENTS. GIVEN THESE RISKS AND
UNCERTAINTIES, INVESTORS SHOULD NOT OVERLY RELY OR ATTACH UNDUE WEIGHT TO OUR
FORWARD-LOOKING STATEMENTS AS AN INDICATION OF OUR ACTUAL FUTURE RESULTS.
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