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American Wagering Announces Keno Approval

25 April 1999

The Nevada Gaming Control Board has granted approval for the implementation and operation of American Wagering Inc.'s statewide, casino-linked, wide-area keno system.

Before implementation of the system, the company must receive approval of the Nevada Gaming Commission. Upon final approval by the Commission, the company expects to begin a test field trial of the system with a few select casinos within the next few weeks.

"The company's system will be the first statewide keno system," pointed out American Wagering Chairman and CEO Victor Salerno. "We believe keno can be operated similar to our successful sportsbook network.The company plans on offering the system not only in Nevada but in jurisdictions in the United States and the international casino market. This new market for AWI includes casinos which have not been able to offer keno or casinos which will continue to offer keno with a more exciting product. This will be accomplished by utilizing the networking ability that AWI uses to operate approximately 50 sportsbooks in Nevada.

"We look forward to the approval and implementation of this new keno product. The plans for the product include a minimum million dollar progressive jackpot and the company is also exploring the possibility of implementing Keno on the Internet in addition to its interactive sportsbook Internet operation."

American Wagering, Inc., owns and operates Leroy's Horse and Sports Place, the licensed bookmaker with the largest number of sports book locations (48) in the State of Nevada; CBS, a supplier of sports and race book equipment and software in Nevada and creator and operator of Mega$ports. The company also owns and operates a 150 room hotel/casino complex in Las Vegas and has formed an Australian Subsidiary to operate Mega$ports on the Internet.

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