Global Entertainment Holdings Adds Two More Licensees for Online Sportsbook and Casino; Two More Licensees Engaged for Full Package

Business Wire, August 10, 1999

OMAHA, Neb.--(BUSINESS WIRE)--Aug. 10, 1999--

Global Entertainment Holdings/Equities Inc. (OTC BB:GAMM) (www.globalentertainmentINC.com) Tuesday announced that its wholly owned subsidiary, Interactive Gaming & Wagering N.V. (IGW), has signed two new licensing agreements with Gold Medal Sports (www.GoldMedalSports.com) and Legalbook Sports (www.FiveCardCharlie.com) to create online sportsbook and casino sites and use the call center software.

This brings the total number of licensees to seven.

Gold Medal Sports and Legalbook Sports are well-established industry leaders who want to expand its businesses to the Internet. Both licensees have a proven history in the sports wagering marketplace and Gold Medal anticipates over $250 million in wagers this year alone.

Last year, Gold Medal exceeded $118 million in wagers. Both sites are expected to be fully operational prior to the beginning of the regular football season when the bulk of wagering activity occurs.

"We believe the integration of our Internet sportsbook and casino software with the telephone call center will significantly benefit our clients. The licensees are established companies with existing customers that create a significant advantage over a start-up in that reputation is everything on the Web," said Bryan Abboud, president of IGW.

Under the agreements, IGW will develop customized sportsbook and casino sites and enable an 800-call center interface using IGW's proprietary software.

IGW's turnkey sportsbook and casino software package allows licensees to immediately handle betting for all major sporting events and casino gaming. Other features include a "common wallet" solution, which allows a seamless passage from the sportsbook to casino gaming using the same account.

With headquarters in Omaha, Global Entertainment Holding/Equities provides financial consulting, investment banking and funding for its wholly owned subsidiary, Interactive Gaming and Wagering N.V. (IGW), and TheSportsDaily.com (www.TheSportsDaily.com), a division of Global Entertainment Holdings.

IGW, based in Willemstad, Curacao, has developed the Internet & Telephony Sportsbook & Casino System (ITSCS), a leading turnkey sportsbook and casino software package, which it licenses. Global Entertainment Holdings, through TheSportsDaily.com, offers sports enthusiasts a portal to relevant sports information.

Visit Global Entertainment at www.globalentertainmentINC.com; Interactive Gaming & Wagering N.V. at www.interactive-gaming.com; TheSportsDaily.com at www.TheSportsDaily.com; and Global's Licensees' sites: www.fairdealsportsbook.com, www.fairdealcasino.com, www.gamedaysportsbook.com, www.gamedaycasino.com, www.vipcasinos.com and www.vipsports.com.

Safe Harbor Statement

Some statements in this release are forward-looking and are subject to certain risks and uncertainties. These risks and uncertainties include but are not limited to economic conditions, changes in laws or regulations, demand for products and services of the company and the effects of competition. These risks and uncertainties could significantly affect anticipated results in the future and actual results may differ materially from any forward-looking statements.