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American Wagering names new CFO

8 August 2007

LAS VEGAS, Nevada -- (PRESS RELEASE) -- American Wagering Inc., (OTC Bulletin Board: BETM) which manages race and sports books and sells and services race and sports book computer systems through its subsidiaries, announced the appointment of Melody Sullivan as the Company's new chief financial officer (CFO) and Treasurer, effective August 6, 2007. Ms. Sullivan brings over 20 years of accounting, management, SEC and other financial reporting experience to the Company. Ms. Sullivan will be responsible for all elements of accounting, finance and reporting, while managing the Company's financial risk. She is an accomplished executive and a Certified Management Accountant (CMA). Her experience spans the industries of banking, real estate, gaming, and manufacturing through positions that have included CFO, VP, AVP, and Controller within multiple industries, multimillion-dollar public and often highly regulated companies.

Prior to joining American Wagering, Inc., Ms. Sullivan worked for the past year as an independent consultant specializing in SEC reporting, accounting, finance and Sarbanes-Oxley compliance requirements for American Wagering, Inc. and another publicly-traded gaming company in Las Vegas, NV. Prior to her consulting work, Ms. Sullivan served in several senior financial management positions including four years as CFO of Gaming Partners International, Inc., a publicly held, international gaming supply company.

Ms. Sullivan has been a key player in leading the turnaround of a multinational company, assisted in acquisitions and mergers, led computer systems and ERP conversions, and has overseen numerous public company filings. She has proven herself to be an excellent leader of change and directed implementations to ensure compliance with regulatory and legislative requirements, delivered millions of dollars in savings through restructuring and process improvements, and helped restore order to departments following the completion of mergers and IPOs. She also created infrastructure and developed processes and systems for SEC reporting, foreign subsidiary financial reporting, and investor relations. Her diverse background also includes development and management of HR and IT departments. "I am excited about joining American Wagering, Inc. as their CFO," commented Ms. Sullivan. "American Wagering Inc. has a dominant and unique market niche in sports betting and is poised for promising growth. I am looking forward to meeting the many challenges and opportunities that lie ahead."

"Melody's diverse financial background and depth of experience, specifically in the numerous challenges faced by small cap publicly traded companies, will be a tremendous asset to American Wagering," said CEO Victor Salerno of his new CFO. "As we have been working with Melody as an independent contractor, prior to her permanent position now as CFO, I am very pleased and confident that she will help guide the Company forward in the financial and regulatory environment that exists in today's capital markets."

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