-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001204348-08-000004.txt : 20080410
<SEC-HEADER>0001204348-08-000004.hdr.sgml : 20080410
<ACCEPTANCE-DATETIME>20080410155913
ACCESSION NUMBER:		0001204348-08-000004
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080410
FILED AS OF DATE:		20080410
DATE AS OF CHANGE:		20080410

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRANS WORLD CORP
		CENTRAL INDEX KEY:			0000914577
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-AMUSEMENT & RECREATION SERVICES [7900]
		IRS NUMBER:				133738518
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		545 FIFTH AVE
		STREET 2:		STE 940
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2129833355

	MAIL ADDRESS:	
		STREET 1:		545 FIFTH AVE
		STREET 2:		STE 940
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRANS WORLD GAMING CORP
		DATE OF NAME CHANGE:	19941027

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			STERRETT MALCOLM M B
		CENTRAL INDEX KEY:			0001204344

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25244
		FILM NUMBER:		08750059

	BUSINESS ADDRESS:	
		STREET 1:		545 FIFTH AVE.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
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<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-04-10</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000914577</issuerCik>
        <issuerName>TRANS WORLD CORP</issuerName>
        <issuerTradingSymbol>twoc.ob</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001204344</rptOwnerCik>
            <rptOwnerName>STERRETT MALCOLM M B</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4516 WETHERILL ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BETHESDA</rptOwnerCity>
            <rptOwnerState>MD</rptOwnerState>
            <rptOwnerZipCode>20816</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
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            <securityTitle>
                <value>Phantom Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
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            <transactionDate>
                <value>2008-04-10</value>
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            <deemedExecutionDate>
                <value>2006-09-29</value>
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            <transactionCoding>
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                <transactionCode>A</transactionCode>
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            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>272</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>2.3</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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            <transactionAmounts>
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                </transactionShares>
                <transactionPricePerShare>
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                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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                <transactionPricePerShare>
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            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
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                </transactionShares>
                <transactionPricePerShare>
                    <value>3.45</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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            </underlyingSecurity>
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                </sharesOwnedFollowingTransaction>
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            </deemedExecutionDate>
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            <transactionTimeliness>
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                </transactionShares>
                <transactionPricePerShare>
                    <value>4.27</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
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            <expirationDate>
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            <underlyingSecurity>
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                <underlyingSecurityShares>
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                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
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                </sharesOwnedFollowingTransaction>
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            <transactionDate>
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            </transactionDate>
            <deemedExecutionDate>
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            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
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                    <value>147</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>4.27</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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            <transactionDate>
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                <transactionFormType>4</transactionFormType>
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            <transactionTimeliness>
                <value></value>
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            <transactionAmounts>
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        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Each share of phantom stock represents the right to receive one share of common stock.</footnote>
        <footnote id="F2">Phantom stock was issued in accordance with the Company's Deferred Compensation Plan (&quot;DCP&quot;) and pursuant to a deferral election by the Reporting Owner, made on August 18, 2006, which provides for the phantom stock to become payable only in the Company's common stock, either following the expiration of a minimum of three (3) years from the date of execution or the earlier of: (a) the termination of service; (b) disability; (c) a change in  control (as defined in the DCP); or (d) death.</footnote>
        <footnote id="F3">Phantom stock was issued in accordance with the Company's Deferred Compensation Plan (&quot;DCP&quot;) and pursuant to a deferral election by the Reporting Owner, made on February 9, 2007, which provides for the phantom stock to become payable only in the Company's common stock, either following the expiration of a minimum of three (3) years from the date of execution or the earlier of: (a) the termination of service; (b) disability; (c) a change in  control (as defined in the DCP); or (d) death.</footnote>
        <footnote id="F4">Phantom stock was issued in accordance with the Company's Deferred Compensation Plan (&quot;DCP&quot;) and pursuant to a deferral election by the Reporting Owner, made on November 7, 2007, which provides for the phantom stock to become payable only in the Company's common stock, either following the expiration of a minimum of three (3) years from the date of execution or the earlier of: (a) the termination of service; (b) disability; (c) a change in  control (as defined in the DCP); or (d) death.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Hung Le as Attorney-in-fact for Malcolm M.B. Sterrett</signatureName>
        <signatureDate>2008-04-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----