WAUKEGAN, Ill
Jan. 4, 2001

New Expandable Facilities, Re-Engineered Manufacturing Process and Consolidation of Warehousing Will Provide Shorter Lead Times and Greater Efficiencies -

    WMS Industries Inc. (NYSE:WMS) announced today that it has
completed the relocation of its corporate headquarters and
manufacturing operation to its owned facility in Waukegan, Illinois,
approximately 30 miles north of Chicago.

    The 236,000 square-foot state-of-the-art manufacturing and
distribution facility provides ample room for the expansion of
manufacturing being situated on 38 acres of Company-owned land. The
move has allowed WMS to consolidate its management and administrative
employees along with its manufacturing, distribution and warehousing
functions in one location. The Company is comfortable with the
previously announced cost estimate of $.07 to $.09 per share for
fiscal 2001 to effect this relocation.

    WMS has completed the move on schedule and now manufactures all of
its video and reel spinning slots and video lottery terminals in the
Waukegan facility. As previously announced, the Company will now begin
renovation of its owned Chicago facility into a state-of-the-art
technology campus for its product development group.
    "The successful, seamless move of corporate operations and
manufacturing to Waukegan represents another significant advance in
our efforts to position WMS for further growth and emerge as the
employer of choice in our industry," commented Brian R. Gamache,
President and Chief Operating Officer of WMS Industries Inc. "WMS
employees are committed to our long-term mission of providing the most
entertaining products in the world and servicing our customers with an
uncompromising passion for quality. We now have the right
environments, both in Waukegan and with our soon-to-be renovated
Chicago technology campus, that allow our employees to thrive and
achieve optimal productivity. Our unending dedication to quality and
innovation and new state-of-the-art facilities will support our goal
of becoming the industry's employer of choice."

    Scott Schweinfurth, Executive Vice President, Chief Financial
Officer and Treasurer of WMS Industries commented, "Cost efficiency
through consolidation was among the top factors in our decision to
relocate our facilities. In conjunction with the move, we have also
begun the process of re-engineering our entire manufacturing process
in order to reduce the lead times for product delivery. Our goal is to
reduce lead time to approximately 4-6 weeks, providing us with a
significant competitive advantage over other companies in the
industry. Additionally, WMS will benefit from reduced overhead and
lease costs by eliminating rented warehouse and distribution
facilities and will achieve much greater operating efficiencies by
locating manufacturing, distribution and parts-sales activities in a
single facility. These moves allow our management team to be more
effective in managing day-to-day operations, reducing costs, improving
productivity and increasing gross margins."

WMS' corporate contact information is as follows:
800 South Northpoint Boulevard
Waukegan, IL 60085
Phone: 847/785-3000
http://www.wmsgaming.com

    WMS Industries Inc. is engaged in the design, manufacture and sale
and lease of gaming machines and video lottery terminals.
    This press release contains certain forward-looking statements
concerning future business conditions and the outlook for the Company
based on currently available information that involve risks and
uncertainties. The Company's actual results could differ materially
from those anticipated in the forward looking statements as a result
of certain risks and uncertainties, including, without limitation, the
financial strength of the gaming industry, the expansion of legalized
gaming into new markets and legislative and regulatory changes in
existing gaming markets, the development, introduction and success of
new games and new technologies and the ability to maintain the
scheduling of such introductions, the ability of the Company to
qualify for and maintain gaming licenses and approvals, and other
risks more fully described under "Part I - Item 1. Business - Risk
Factors" in the Company's Annual Report on Form 10-K.

    CONTACT: 
            WMS Industries Inc.
             Scott D. Schweinfurth, 847/785-3000 
            sschweinfurth@wmsgaming.com
             or
             Jaffoni & Collins Incorporated 
             Joseph N. Jaffoni, Richard Land, 212/835-8500 
            wms@jcir.com