Lottery & Wagering Solutions Inc.

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International Guild of Hospitality & Restaurant Managers

Lottery & Wagering Solutions Inc. (OTC BB:LWSL.OB)

9130 S. Dadeland Blvd., Suite 1602
Miami, FL 33156

Phone: (305) 670-3838
Employees (last reported count): 281

Lottery & Wagering Solutions Inc., incorporated in March 1996, provides gaming services through the ownership and management of a casino in Suriname. The Company is also pursuing the development of a casino and hotel project in Sakhalin in the Russian Federation on an island north of Japan (the Sakhalin Project). In addition, Lottery & Wagering has entered into various agreements for equity participation in an online lottery and sports betting operation in Vietnam. On October 1, 2001, the Company changed its name from CCA Companies Incorporated to Lottery & Wagering Solutions Inc.

Casino Operations

Suriname and Dorsett Hotel & Resorts Inc. (Dorsett), the Company's 100%-owned subsidiary, and Suriname Leisure Company A.V.V. (SLC), its 50%-owned joint venture entity, are operating a casino in Suriname. The Company's Suriname casino, part of a joint venture, occupies two leased floors totaling about 20,000 square feet in the Plaza Hotel, which is a downtown hotel in the capital city of Paramaribo. The Company began operations of its Suriname casino in October 1998 in temporary quarters. The permanent casino was completed and became operational in March 1999. The casino has 20 gaming tables, 151 slot machines and a 50-seat restaurant.

The Suriname casino was constructed by Lottery & Wagering pursuant to an agreement with Parbhoe Handelmij NV (Parbhoe), the local company that owned the casino license, and which became the 50% owner of the joint venture entity, SLC. SLC entered into the Suriname Casino Management Agreement in April 1998 for the Company, through Dorsett, to operate the casino for 15 years at a base fee equal to 3% of gross revenues calculated on an annual basis and payable monthly, plus an incentive fee of 10% of gross operating profits, payable monthly. SLC leased the casino premises from Parbhoe, the hotel owner, for 15 years beginning February 1998.

Sakhalin Project

The Sakhalin Project is still in development and requires the Company to obtain substantial financing to progress further. Despite numerous discussions and several agreements the Company has not yet been able to obtain the necessary financing. The Company is continuing to seek financing. The Sakhalin Project involves plans to develop a hotel/casino complex on a 10-acre site in the center of the City of Yuzhno-Sakhalinsk.

Lottery & Gaming System Investment

In May 2001, the Company entered into a contract under which, subject to significant pre-acquisition conditions, it was to acquire all of the stock of Emerging Market Solutions, Inc., (EMSI), the sole asset of which is a lottery gaming system contract (the Lottery Gaming System Contract) that grants to EMSI the exclusive right to provide an online lottery and sports betting system in Ho Chi Minh City and the Southern Provinces of Vietnam. The proposed acquisition was approved by the stockholders of the Company, on September 26, 2001, but was not consummated as various preconditions to a closing were not met. Lottery & Wagering has entered into various agreements to restructure its investment in this project.

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The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly advised to obtain professional advice with qualified individuals or corporations for any investments of funds.

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