BETINTERNET.COM AND CWC GAMING BRING LAND BASED CASINO GAMING TO THE WEB

Anticipate Q4 2004

Launch San Jose, Costa Rica—betinternet.com, the global on-line gaming group, and CWC Gaming, the licensing arm of CasinoWebcam, the leader in live online gaming, today announce the signing of a partnership agreement which will lead to the launch of the betinternet Live Casino, an online casino with real tables, real dealers, and real cards.

The betinternet Live Casino will use CWC Gaming’s state of the art video and audio streaming technology and the Internet to bring the actual land based casino gaming experience to players’ homes. The betinternet Live Casino is anticipated go live in Q4 2004.

The betinternet Live Casino will feature live blackjack, baccarat, sic bo, and roulette, with all games available using CWC Gaming’s second generation casino software. Using real time webcast, betinternet players will be able to see, hear, and play live casino games run by CWC Gaming’s croupiers and floor supervisors in accordance with industry standards for fairness and integrity. Players will be able to use the same betinternet account login information for both the betinternet sportsbook and betinternet Live Casino, eliminating the need for duplicate account registration and cash transactions.

Paul Doona, CEO of betinternet.com, said: “Our customers want the same level of fairness and integrity in an internet casino as they enjoy when betting on sports events with us. By partnering with CWC Gaming to launch the betinternet Live Casino, we will be able to provide our players with the same standards of fairness and integrity associated with regulated, land based gaming.”

Adam Anhang, CEO of CWC Gaming, said: “We are excited to operate this live online casino with betinternet.com. betinternet.com has built a formidable presence in Asia, and given our experience in that region, we anticipate being able to assist betinternet in broadening their revenue potential.”

CWC Gaming (www.cwcgaming.com) is the leader in live online gaming software and services, and currently powers over 15 licensees. CWC Gaming brings the fairness and integrity of regulated, land-based casino games to the internet.