Re Joint Venture

betinternet.com PLC
2 October 2000

                             betinternet.com plc:

             JOINT VENTURE TO PROVIDE ACCESS TO US BETTING TOTES 
                  THROUGH LIVE US GREYHOUND + HORSE RACING 

betinternet.com plc ('betinternet'), the Isle of Man-based international 
online and telephone betting service provider, today announces that it has 
formed Euro Off-Track Limited Partnership ('Euro Off-Track'), a 50-50 
partnership with Greyhound Channel, Inc. ('GCI') of America to enable, for 
the first time, non-United States customers to bet directly into US Totes 
through the provision of live broadcasts of US greyhound and thoroughbred 
horse racing from more than 30 tracks. It is anticipated that the service 
will be available from the end of this year.

In the US GCI provides live greyhound racing content for direct to home 
broadcasting via The Racing Network and an Internet tote wagering service. 
GCI's racing content will be made available to Euro Off-Track, enabling it to 
provide live racing, initially via satellite, to a variety of users including 
betting shops, casinos and other forms of licensed premises. It is intended 
that this service will be available, in due course, generally via the 
Internet. It is proposed that Euro Off-Track will provide live international 
greyhound racing content for transmission in the US.

The partnership will also create a European hub and wagering communications 
centre, through the installation of an Amtote Spectrum System and replication 
of GCI's existing US system, enabling real time links directly into US Totes. 
In addition it creates the opportunity for links with European Totes.

Euro Off-Track will be the first organisation to make US Tote betting via the 
Internet and the telephone a reality for both individuals and corporate 
customers alike. Euro Off-Track will provide a unique gateway to 
betinternet's customers and those of other betting service providers to 
participate in global Tote opportunities at no wagering risk to either the 
partnership or betinternet.  

Euro Off-Track will retain a proportion of turnover generated through the 
hub. In the US GCI comprises a number of partners with a combined Tote 
betting turnover of approximately $500m. 

Vincent Caldwell, chairman of betinternet, commented: 'This is a tremendous 
opportunity for betinternet as the links with GCI give our customers direct 
access to US Totes and expand our range of existing services. In addition we 
will be able to develop global strategic partnerships with other betting 
service providers throughout the world and at a stroke create a major 
international presence for betinternet.'

Art Weaver, Chairman and President of Derby Lane, the parent company of GCI, 
said: 'We are very pleased to announce our joint venture with betinternet as 
I believe there is great synergy between our two companies enabling the 
seamless integration of totalisator wagering between America and Europe.'


Contact:  Vincent Caldwell, Chairman, betinternet.       Tel: [phone]
          Baron Phillips, Bankside Consultants.          Tel: [phone]