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betandwin to work with GamArena in Skill Games

For immediate release

Stockholm, Sweden 2006-02-20 - GamArena Ab, the operator of the next generation skill gaming network GamArena, has announced today that it has signed a Letter of Intent with betandwin, continental Europe's leading provider of online gaming entertainment. This Letter reflects the commitment of both companies to work together in order to deliver the GamArena skill games proposition to betandwin's customers.

The soon-to-launch online skill games network GamArena has been chosen by betandwin to supply it with its range of high quality sports, casino and arcade skill games. Both parties are committed to deliver a fully integrated skill games proposition to the betandwin customer base this summer.

"betandwin is one of the continental Europe's most innovative and progressive sports betting, gaming and entertainment companies and we are very excited to start working with them. That they have chosen to work with us further reinforces our position as a supplier of next-generation skill games solutions," said Andrew Pegler, Managing Director of GamArena.

For more information about GamArena, please go to www.gamarena.com

Alternatively, please contact:

Andrew Pegler, Managing Director of GamArena Ab

ap@gamarena.com

Tel: +44 (0)779 3005864

BETandWIN.com Interactive Entertainment AG

Karin Klein

Corporate Communications

press@betandwin.com

Tel: +43 (0) 1 585 60 44-2200

About GamArena:

GamArena is an international online skill games network due to launch in Q1 2006. It is owned and operated by GamArena Ab, a joint venture company registered on the Åland islands with Jadestone (www.jadestone.se) and PAF (www.paf.fi) as its shareholders. GamArena will include a wide range of sports, arcade and card games. It will pool, direct and enthuse online players from a variety of origins on one skill gaming platform. These players will meet and compete within the Next Generation of online skill games in play-for-fun and play-for-cash tournaments.

About BETandWIN:

With over 2 million registered customers, the betandwin Group is the leading provider of online gaming products in continental Europe, and has set itself the goal of becoming the world's leading address for sports betting, gaming and entertainment on the Internet. Operating under licenses issued in Austria, Germany, the United Kingdom and Gibraltar, the company's subsidiaries and affiliated companies offer sports betting, casino games, soft games, and person-to-person applications via Internet and mobile telephone. BETandWIN.com Interactive Entertainment AG has been listed on the Vienna Stock Exchange since March 2000 (ID code "BWIN", Reuters ID code "BWIN.VI"). Further information about the company can be found on its investor relations website at www.betandwin.ag. Exciting entertainment and gaming pleasure can be found at www.betandwin.com.

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