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Lottery & Wagering Solutions' Joint Venture Evicted

PEMBROKE PINES, Florida -- (PRESS RELEASE) -- Lottery & Wagering Solutions Inc. (OTCBB:LWSL) announced today that on January 1, 2005, pursuant to a judgment of eviction obtained from the Subdistrict Court in Suriname on November 11, 2004, Suriname Leisure Company A.V.V. ("SLC"), a joint venture entity owned fifty percent by LWSL, was evicted from its premises in the Plaza Hotel in Paramaribo, Suriname. The operations of SLC and the fees paid for managing its operations to Dorsett Hotels & Resorts, Inc. ("Dorsett"), the Company's wholly owned subsidiary, have historically accounted for substantially all of the recent cash flow of LWSL.

As a result of the eviction, the Company removed from the premises its kitchen equipment, gaming tables, slot machines and other movable property, and placed them in storage. The Company is seeking a suitable alternative location for its operations.

The plaintiff in the eviction proceeding, Stichting Dim (Dim Foundation) ("Dim"), which took title to the Plaza Hotel through a foreclosure proceeding, claimed it was not bound by SLC's existing lease agreement. Although an earlier order of eviction obtained by Dim was annulled on appeal, efforts by SLC to stay this more recent eviction order were unsuccessful, because procedural motions made by Dim delayed any ruling by the appellate court on SLC's stay application.

The appeal of the eviction is still pending, and if it is successful, it may result in restoration of SLC to the premises in the Hotel and the reinstatement of the Lease, or it may result in indemnification to SLC for its losses. If the appeal is unsuccessful, there is the potential for a full or partial impairment of the unamortized portion of the leasehold improvements in SLC, which at December 31, 2004, were approximately $2,600,000.

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