Global Entertainment Holdings Announces 10 Fully Operational Licensee Web Sites

Business Wire, Sept 20, 1999

OMAHA, Neb.--(BUSINESS WIRE)--Sept. 20, 1999--

Global Entertainment Holdings/Equities Inc. (OTC BB:GAMM) (www.globalentertainmentinc.com) Monday announced that its wholly owned subsidiary, Interactive Gaming & Wagering N.V. (IGW), now supports 10 fully operational Web sites.

IGW provides turnkey sportsbook and casino software, a system that includes live 800 call center wagering alongside the most technologically advanced Internet sportsbook and casino available. The licensees' Web sites (www.fairdealsports.com, www.wssbcasino.com, www.fairdealcasino.com, www.gamedaysportsbook.com, www.gamedaycasino.com, www.wallstreetsuperbook.com, www.vipcasinos.com, www.vipsports.com, www.5cardcharlie.com and www.fivecardcharlie.com) are now fully equipped to handle all types of wagering on major sporting events as well as live casino action from around the globe. All gaming features are accessible through the use of a single account, providing for easy and seamless use by clients.

The company also announced the termination of licensing agreements with Gold Medal Sports and Awakati Corp. The dissolution of the Gold Medal deal was due in part to constraints in IGW's current resource capacity; however, both sides parted amiably. Awakati's termination was due to a transfer of Awakati's operations from Curacao to Canada.

"We are quickly ramping up our system's capacity in order to meet the explosive demand for our services. We are confident in our strategy and looking forward to what has already been a record year," said Bryan Abboud, president of IGW.

With headquarters in Omaha, Global Entertainment Holdings/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.

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.

                    www.globalentertainmentINC.com
                      www.interactive-gaming.com
                        www.TheSportsDaily.com

                            Licensee Sites:

           www.fairdealsports.com, www.fairdealcasino.com,
www.gamedaysportsbook.com, www.wssbcasino.com, www.gamedaycasino.com,
  www.vipcasinos.com, www.vipsports.com, www.wallstreetsuperbook.com,
             www.5cardcharlie.com, www.fivecardcharlie.com