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VirtGame Wins Binion's Contract

LAS VEGAS – (PRESS RELEASE) -- VirtGame Corp. (OTC Bulletin Board: VGTI), a provider of innovative software solutions to the regulated gaming industry, announced today that has been contracted by Binion's Gambling Hall & Hotel, owned and operated by MTR Gaming Group, Inc. through its subsidiary Speakeasy Gaming of Fremont, Inc., to install VirtGame's PrimeLine Race and Sports system. The contract calls for an up front license fee which is expected to reduce the VirtGame's reliance on short-term borrowing as it completes its sale to Progressive Gaming International Corporation.

Binion's Gambling Hall & Hotel is a landmark Las Vegas property with a 40-year operating history. Its parent company, MTR Gaming Group, Inc., owns and operates the Mountaineer Race Track & Gaming Resort in Chester, West Virginia; Scioto Downs in Columbus, Ohio; the Ramada Inn and Speedway Casino in North Las Vegas, Nevada; and holds a license to build Presque Isle Downs, a thoroughbred racetrack with pari-mutuel wagering in Erie, Pennsylvania. Additionally, MTR Gaming Group owns a 50 percent interest in the North Metro Harness Initiative, LLC, which has a license to construct and operate a harness racetrack 30 miles north of downtown Minneapolis.

Mark Newburg, VirtGame's President and Chief Executive Officer, commented, "Binions is our first opportunity to service an MTR Gaming property, one of the leaders in the race book market place. As VirtGame Corp. soon consolidates into Progressive Gaming International, we expect to have superior servicing capability with consistent state-of-the-art product offerings for our customers. The revenue from this contract, which includes both licensing and service fees, is our first new engagement since the announcement of our sale to Progressive and should offset a portion of the short term loan we received from Progressive to capitalize our operations until the close of the transaction."

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