Global Entertainment Holdings Adds Two Licensees for Online Sportsbook and Casino; Brings the Total Number of Licensees to Five

Business Wire, June 30, 1999

OMAHA, Neb.--(BUSINESS WIRE)--June 30, 1999--

Global Entertainment Holdings/Equities Inc. (OTC BB:GAMM) (www.globalentertainmentinc.com) Wednesday announced that its wholly owned subsidiary, Interactive Gaming & Wagering N.V. (IGW), has signed licensing agreements with Gameday International N.V. and The Sports Network N.V. to create online sportsbook and casino sites which brings the total number of licensees to five.

The combined licenses are expected to generate $2 million in revenue for IGW over their three-year term.

Under the agreements, IGW will develop sportsbook and casino sites utilizing IGW's proprietary software. IGW's turnkey sportsbook software package, a cost-effective alternative to in-house software development, enables operator licensees to immediately handle betting for all major sporting events and casino gaming. Features include detailed accounting and reporting functions, numerous security layers and a multilingual interface.

Through its division, TheSportsDaily.com, Global Entertainment provides information on the most wagered sporting events and key links to online news and wagering sites including lines, odds, live scores, information on teams and players, match-up and injury reports, game schedules, and sports news.

The sites are expected to generate $2 million in revenue for IGW, which includes initial set-up fees for customized Web site development, hardware and software installation, monthly maintenance fees and software licensing royalties. The operations are expected to be fully functional in July 1999, when Gameday (www.gamedaysports.com)(www.gamedaycasino.com) and Sports Network (www.aNETbet.com) will launch their new Web sites for online gaming consumers worldwide.

With headquarters in Omaha, Global Entertainment Holding/Equities Inc. specializes in online gaming software and licensing. Founded in 1997, Global provides financial consulting, investment banking and funding for both TheSportsDaily.com (www.TheSportsDaily.com), a division of Global Entertainment, and its wholly owned subsidiary, Interactive Gaming and Wagering (IGW).

IGW, based in Willemstad, Curacao, has developed the Internet & Telephony Sportsbook System, a leading turnkey sportsbook software package, and two versions of video poker, all of which it licenses to online sportsbook and casino operators. Global Entertainment has recently partnered with Predict It! (OTC BB:PRIT) and DBC Sports to maximize the information available to Web site users. The site offers direct links to online sportsbooks and casinos, including www.VIP.sports.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.

Visit Global Entertainment at www.globalentertainmentinc.com.

Visit Gameday International N.V. at www.gamedaysports.com or www.gamedaycasino.com.

Visit The Sports Network N.V. at www.aNetbet.com.