License Granted in U.S.

Konami Co Ltd
28 January 2000


KONAMI GETS THE LICENSE FOR GAMING MACHINE MANUFACTURING IN NEVADA, U.S. 
THE FIRST PUBLIC JAPANESE COMPANY TO ENTER INTO LAS VEGAS MARKET.


Today (Jan. 27th, U.S. local time) KONAMI Co. Ltd. (CEO Kagemasa Kozuki,
headquarters: Minato-ku Tokyo, Japan) has been granted the license for gaming
machine manufacturing from Nevada Gaming Commission as the first public
Japanese company.  Also at the same time its 100% owned subsidiary Konami
Gaming, Inc. (headquarters: Nevada U.S., established Feb. 97) obtains the
license for manufacturing and distribution of gaming machine.  Now Konami is
going to be the first public Japanese company to enter the world's largest
U.S. gaming industry.  

Konami has expanded its business to be the leader of digital entertainment
industry with the production of consumer software, arcade amusement machine,
IP related product and others.  The entry into the gaming machine industry
will set forward the company to the next developing stage.  The company plans
to bring this gaming machine business up to the one of the main pillars of its
operation with global deployment.

Currently, there are about 80 countries with authorised casinos and it is
assumed that the annual sales of gaming machines is around 200 billion yen. 
Two major markets, U.S. and Australia are said to hold about 50 percent and 20
percent share respectively.  The company plans to have the annual sales of 15
billion yen in three years time and apply for the license also in other
jurisdictions such as California, Mississippi and New Jersey to further expand
its business.

Following the approval, the company plans immediately to start the
construction of its global headquarters for casino gaming business on the lot
facing Las Vegas Blvd. (The Strip)  The outline of the plan is as follows.

     location:   on Las Vegas Blvd. (The Strip)
     lot size:   about 20,000 square meters
     capital expenditure:   around 2.5 billion yen 
     No. of employees:   150


Yours Sincerely,       
Noriaki Yamaguchi
Managing Director