Interactive Systems Worldwide, Inc. (OTC Bulletin Board: ISWI) has announced that its wholly-owned subsidiary, Global Interactive GamingLimited (GIG), has reached an agreement in principle with Sportingbet Plc, the online sports betting and gaming group.

Acquisition Furthers Company Strategy of Expanding Into Global Interactive Gaming Market

U.S. Federal Reserve, Treasury Department and Financial Service Companies Call Proposed Rules Unworkable

Spokesperson for Initiative will be available to update media on developments

GigaMedia Limited today reaffirmed its view that the regulatory and licensing situation in Canada and the territory ofKahnawake is reliable and stable and that the Company has no concern over related business interruptions.

High-Profile Names Including Wagering.com, Amsterdam.com and eGaming.com Now Up For Grabs at Amsterdam Event

Record gross and net gaming revenues in Q4 2007: above levels achieved before exiting the US and Turkish markets.

Online Gaming Ban is Clear Violation of Constitutional Rights

Since 2002, bwin International Ltd. has been providing games of chance to its customers under the www.bwin.com domain (formerly www.betandwin.com)-among others to German residents. In September 2004, Westdeutsche Lotterie GmbH & Co OHG ("Westlotto") sought a judgement against bwin InternationalLtd. to prevent the Company from organizing, brokering or advertising sports betting, casino and lottery games in Germany.

DeFazio questions USTR settlement of trade dispute absent Congressionalmandate

Regulating Internet gambling by Congress would resolve dispute

European Union to take action on behalf of European gambling operators

Congressman Barney Frank (D-MA), chairman of the House Committee on Financial Services, will hold a hearing in early April to explore the burden on U.S. financial institutionsto comply with the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA). The law was intended to deter illegal Internet gambling activity.Meanwhile, support for legislation that would regulate Internet gambling continues to gain momentum as Congressman George Miller (D-CA), one of themost influential members of Congress, signed on last week as a co-sponsor of the bill introduced by Congressman Frank.

Congressman Jim McDermott (D-WA) introduced yesterday the Internet Gambling Regulation and Tax Enforcement Act of 2008 that would ensure that taxes are collected onregulated Internet gambling activities. These revenues are estimated between $8.7 billion and $42.8 billion over ten years, according to arecent tax revenue analysis prepared by PricewaterhouseCoopers.

Congressman George Miller (D-CA), chairman of the House Democratic Policy Committee and the House Education and Labor Committee, has signed on as a co-sponsor of theInternet Gambling Regulation and Enforcement Act. The legislation, introduced last year by Congressman Barney Frank (D-MA), would allowlicensed operators to provide Internet gambling services in the United States.

InteractiveSystems Worldwide, Inc. (OTC Bulletin Board: ISWI) today reported itsunaudited financial results for the fiscal first quarter ended December 31,2007. Revenues for the quarter ended December 31, 2007 were $241,000, ascompared with $55,000 during the same period in the prior year, an increaseof 338%. The increase was due to the successful launch in the UK of theCompany's enhanced, fully-integrated version of the SportXction(R) Systemwith Sportingbet and Ladbrokes, two of the world's leading bookmakers, aswell as revenue generated by a Purchase Order for software development toadd additional features to the SportXction(R) System to satisfy therequirements of the Ontario Lottery and Gaming Corporation ("OLG").

Magna Entertainment Corp. ("MEC") (NASDAQ: MECA; TSX: MEC.A) today announced that on February 12, 2008, it received notice from The Nasdaq Stock Market advising that, in accordance with Nasdaq Marketplace Rule 4450(e)(2), MEC has 180 calendar days, or until August 11, 2008, to regain compliance with the minimum bid price for MEC's publicly held Class A Subordinate Voting Stock required for continued listing on the Nasdaq Global Market, as set forth in Nasdaq Marketplace Rule 4450(a)(5). MEC received this notice because the bid price of its publicly held Class A Subordinate Voting Stock closed below the $1.00 per share minimum for 30 consecutive business days prior to February 12, 2008.

Harvard Law School Professor Charles Nesson will speak on the implications for free trade and Internet freedom of the United States' ban on online gambling, at a seminar sponsored by the Institute of Economic Affairs, on Tuesday, February 12, in London.

City Index Group, a leading provider of retail derivative trading services including CFDs, FX and spread betting, is pleased to announce the acquisition of FX SolutionsLLC (www.fxsolutions.com) in an all equity transaction.

Lottomatica S.p.A.'s wholly-owned subsidiary, GTECH Corporation, and Medstroms AB announced today a public cash offer to the shareholders of Boss Media AB to acquire all outstanding shares of Boss Media. Medstroms is the largest shareholder of Boss Media with a 12.5 percent stake. Boss Media, a leading developer of innovative software and systems for digitally-distributed gaming entertainment, is listed on the OMX Nordic Exchange Stockholm under ticker symbol "BOSS.ST."