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Gaming Lottery Corporation Goes Virtual

TORTOLA, British Virgin Islands -- GAMING LOTTERY CORPORATION (Nasdaq NM: GLCCF, TSE: GLH) has announced plans to launch an online casino and entertainment website on the global Internet.

The Company is planning to unveil a virtual reality, three- dimensional digital casino and entertainment website, called Galaxi World. According to management, the site will offer a graphics-rich interactive environment with online casino gaming and entertainment such as interactive games, shopping and advertising. In addition, the site will provide such services as interactive games, tutorial and trial games, as well as general information and registration.

GLC plans to launch a beta test website during the second calendar quarter with select games to test the financial security aspect of the site, although bets will not be taken at that time. The Company expects the site to be fully operational, with all available games and security, by early 1998.

Mr. Larry Weltman, Executive Vice President and Chief Financial Officer of Gaming Lottery Corporation said, "We plan to create Vegas in a box! Our online casino will provide users an easy way to participate in the gaming marketplace, without ever having to leave their homes, and they are only responsible for basic Internet connection fees. Additionally, to ensure the safety of all monetary transactions and bets, the Company's Galaxi development architecture will provide leading edge firewall security, which will be endorsed by a leading audit and MIS firm. We are very excited about this exploding industry and we look forward to launching what we believe will be the most unique and cutting edge gaming and entertainment website in cyberspace."

Galaxi World Inc. was formed in 1996 to bring online entertainment and gaming into users homes. "As computer technology becomes more sophisticated and the rapid wave of technological changes continues, we believe we are well positioned to capitalize on the growth of this burgeoning industry. Our graphics-oriented and user-friendly site will allow us to penetrate an even greater portion of this burgeoning online gaming market which, according to International Wagering & Gaming Business News, has the potential to be a $25 billion market by the year 2,000. Our experienced and seasoned management team is working aggressively to become a dominant leader in the interactive gaming arena," added Mr. Weltman.

Galaxi World Inc. is a wholly owned subsidiary of Gaming Lottery Corporation and was incorporated to develop and market a virtual reality three-dimensional digital casino and entertainment website. The Company recently divested all of its subsidiaries involved in the manufacture of paper related gaming products to enable management to focus its efforts on becoming a dominant player in the online entertainment and gaming marketplace.

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