Virtual Gaming Enterprises, Inc. Announces New Banner Advertisement On www.casinocenter.com

Business Wire, Jan 18, 2001

Business Editors

ESCONDIDO, Calif.--(BUSINESS WIRE)--Jan. 18, 2001

Virtual Gaming Enterprises, Inc. (OTCBB: VGAM) today announced that www.casinocenter.com, a world-renowned website operated by Casino Journal Publishing Group, Inc. (OTCBB: CJPG), has begun marketing www.thecasinothemepark.com through a banner advertisement on casino centers' home page.

Mr. Virgil Williams, President and CEO of Virtual Gaming Enterprises, Inc., states, "The board of directors is proud to announce the commencement of our aggressive advertising program designed to drive traffic to www.thecasinothemepark.com from our targeted demographic."

Mr. Williams added: "CJPG has done a very professional job at designing and placing our banner in the highest-traffic area within www.casinocenter.com. This, coupled with the previously announced print ads (Business Wire, December 6, 2000) to be run in www.casinoplayer.com, www.strictlyslots.com and www.pokerdigest.com, starting in February 2001, should generate substantial revenue growth during our 4th quarter of this fiscal year and give us a strong revenue growth outlook for all of fiscal 2001."

Virtual Gaming Enterprises, Inc. is in the business of gaming on the Internet and operates a family of 18 Internet virtual casinos at www.thecasinothemepark.com and www.classicbet.com; is a partner in the sports book, www.vegasbook.com; and is a Master Gaming Licensee for the Commonwealth of Dominica. The online gaming market is projected to grow from $535 million to more than $3 billion by 2002 (source: Bear Stearns Co., NYSE:BSC) and the Company is strategically positioned to benefit from the predicted revenue explosion. Except for historical matters contained herein, the affairs discussed in this press release may contain forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. These forward-looking statements may reflect assumptions and involve risks and uncertainties that may affect Virtual Gaming Enterprises, Inc.'s future business and prospects and could cause actual results to differ materially from these forward-looking statements.