EMPLOYMENT AGREEMENT



         AGREEMENT made as of the 17th day of March, 2000, by and between

International Sports Wagering Inc., a Delaware corporation (the "Corporation"),

and Barry Mindes ("Employee").





                              W I T N E S S E T H:

                              --------------------



         WHEREAS, the Employee is the founder of the Corporation;





         WHEREAS, the Corporation is in the business of developing, producing,

marketing, licensing and servicing computerized sports wagering and related

systems;



         WHEREAS, the Corporation desires to employ Employee as its Chairman of

the Board and Employee desires to serve the Corporation in such capacity;



         WHEREAS, entering into this Agreement is a condition required by the

terms of certain License Agreements by and between the Corporation and each of

Global Interactive Gaming, Inc. and Prisma iVentures AG dated as of March 17,

2000; and



         WHEREAS, the Corporation desires to provide certain benefits to the

Employee upon termination of this Agreement, as herein provided.



         NOW, THEREFORE, in consideration of the mutual promises herein

contained, the parties hereto agree as follows:



         1. EMPLOYMENT. Subject to the terms and conditions herein contained,

the Corporation hereby employs Employee as its Chairman of the Board and

Employee hereby agrees to serve the Corporation in such capacity.



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         2. DUTIES.

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         2.1 Employee agrees, during the "Term" (as hereinafter defined), to

devote his full business attention to the business of the Corporation and to

perform such duties of an executive and administrative nature as the Board of

Directors of the Corporation, acting reasonably, shall assign or direct,

consistent with his status and position as Chairman of the Board, including,

without limitation, such duties as would typically be performed by persons

holding similar positions in other companies.



         2.2 Employee shall conduct himself at all times in a manner consistent

with his position with the Corporation.



         3. TERM.

            ----



         3.1 The term of Employee's employment (the "Term") shall commence on

the date hereof and shall terminate on December 31, 2002; provided that this

Agreement shall be subject to earlier termination only (i) in the event of

Employee's death; (ii) at the option of the Corporation, in the event of

Employee's "disability" (as hereinafter defined) for 90 consecutive working days

or an aggregate of 120 working days during any consecutive six month period

during the Term; (iii) for cause; or (iv) as provided in Sections 5.2 or 7.



         3.2 For the purpose of this Agreement, "disability" shall mean any

injury or any physical or mental condition or illness which shall render

Employee unable to perform his duties in accordance with this Agreement.



         4. COMPENSATION AND BENEFITS. As compensation for all services to be

rendered by Employee to the Corporation in all capacities, the Corporation shall





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pay to Employee during the Term a minimum of the following, payable in

accordance with the standard payroll practice of the Corporation:

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