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American Wagering Appoints New Member to Board of Directors

8 July 2005

LAS VEGAS – (PRESS RELEASE) -- American Wagering, Inc. (OTC Bulletin Board: BETM) today announced that it has appointed Robert R. Barengo to the Company's Board of Directors effective July 1, 2005. With the appointment of Mr. Barengo, the Company will have a total of six (6) directors including Victor Salerno, Timothy Lockinger, Bruce Dewing, W. Larry Swecker and Judith Zimbelmann.

Mr. Barengo has a long history in the gaming industry and the state of Nevada, including:

-- Over 30 years (from 1972 to present) in the private practice of law.

-- Founder, President and Director of Western Thrift and Loan, a Nevada Thrift company (1997).

-- Over 13 years (from 1992 through April 2005) as Director of Riviera Holdings Corporation, a publicly traded corporation (AMEX). In addition, Mr. Barengo previously served on the Board of Directors for the Company from 1992 through 2000.

-- Extensive elected office and legislative experience: Assemblyman for Nevada District 29 where he served on various committees including Interim Finance, Ways and Means, Commerce and Judiciary (1972-1982); Chairman of the Judiciary Committee (1973-1979); Speaker Pro Tempore (1978-1981); Chairman of the Legislative Commission (1981-1983); Speaker of the Assembly (1981-1983); Judge Pro-Tem for the Sparks Municipal Court and Reno Municipal Court (1976-1995).

-- Various state and city appointments: Nevada Tax Commission (appointed by the Governor as the general business member; 2003 to present); State of Nevada Dairy Commission (appointed by the Governor; 1992-2004); Nevada Insurance Committee (member; 1996-2003); City of Reno Financial Advisory Board (member; 1988-1991).

-- Community service: Truckee Meadows Community College Foundation Board of Trustees (1998); Truckee Meadows Community College Advisory Board (1981 to present); Nevada Opera Association Board of Directors (1987-1989); Nevada Chapter National Multiple Sclerosis Society Board of Trustees (1987-1989); Nathan Adelson Hospice Board of Trustees (1993 to present).

Victor Salerno, the Company's CEO and President, said, "We are very pleased that Bob Barengo accepted the invitation to join our Board of Directors as his valuable management and industry perspectives will greatly add to the deliberations of the AWI Board. The insights that we will gain from Mr. Barengo will allow the Company to maximize the potential of our various business interests and give our Board the benefit of the experience he has acquired in three decades of successful business management and community service."

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