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Lottery & Wagering Solutions Terminates Suriname Operations

PEMBROKE PINES, Florida -- (PRESS RELEASE -- Lottery & Wagering Solutions Inc. (OTCBB:LWSL) announced today that its Board of Directors had decided to terminate all of its operations in Suriname. The Company also announced that on February 21, 2005, it had entered into an agreement to sell for $500,000 its wholly owned subsidiary which has operated a small casino in the Golden Tulip Casino Hotel, Conference and Leisure Center in Paramaribo since September, 2004. The Company's principal operations in Suriname had been conducted from the Plaza Hotel in Paramaribo until December 31, 2004, through its fifty percent owned joint venture subsidiary, Suriname Leisure Company A.V.V. ("SLC"). On January 1, 2005, SLC was evicted from its premises in the Plaza Hotel in Paramaribo, and was forced to halt all of its operations. A Suriname Court held that the plaintiff in the eviction proceeding which had taken title to the Plaza Hotel in a foreclosure proceeding was not bound by SLC's existing lease. The operations of SLC and fees paid to Dorsett Hotels & Resorts, Inc., the Company's wholly owned subsidiary, for managing the operations of SLC, have historically accounted for substantially all of the recent operations and cash flow of LWSL.

Although an appeal of the eviction is still pending, which if successful, could result in restoration of SLC to the premises in the Plaza Hotel and the reinstatement of the Lease, the Board concluded that termination of operations was in the Company's best interests because of the lack of success of the Company's extensive efforts to identify and obtain a suitable alternative site in Suriname, the physical safety of the executives and staff, the uncertainties of the litigation process in Suriname, and the time and expense involved in Suriname, as well as other factors.

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