Global Entertainment Holdings Adds a New Licensee for Online Sportsbook and Casino

Business Wire, August 18, 1999

OMAHA, Neb.--(BUSINESS WIRE)--Aug. 18, 1999--

Global Entertainment Holdings/Equities Inc. (OTC BB:GAMM) (www.globalentertainmentinc.com) Wednesday announced that Interactive Gaming & Wagering N.V. (IGW), its wholly owned subsidiary, has signed a licensing agreement to implement its Internet and 800 call center software for Wall Street Superbook (www.wallstreetsuperbook.com).

Wall Street Superbook will use IGW's turnkey sportsbook and casino software, a proven system which includes live 800 call center wagering alongside the most technologically advanced Internet sportsbook and casino available.

Wall Street Superbook will be ready to immediately handle all types of wagering on major sporting events from around the globe and live casino action from anywhere in the world. All gaming features are accessible through the use of a single account, providing for easy and seamless use by clients.

Revenue generated from the Wall Street Superbook Web site will include initial set-up fees for customized Web site development, software configuration, monthly maintenance fees and software licensing royalties. The Web site will be fully operational by the beginning of September 1999.

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.

Itive-gaming.com

www.TheSportsDaily.com

Licensees' Sites:

www.fairdealsportsbook.com

www.fairdealcasino.com

www.gamedaysportsbook.com

www.gamedaycasino.com

www.vipcasinos.com

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.