Investor Presentaiton

Proposed Casino Legislation Contains Certain Challenges for International Investors Casinos: Taxes Exclusivity License Duration License Criteria Bingos: Online Gaming: Senate Bill 186/14 GGR - 3.65%; Corporate - 45%; Withholding Tax - 30% 40% of licenses in North, N/East, Midwest 25 years Highest concession fee House Bill 442/91 GGR -3.65%; Corporate - 34%; Witholding - 15% 1 per state, 2 in Rio/Bahia/Minas Gerais, 3 in SP 30 years Prior Experience and highest concession fee 25 year license, 1 lic./200K pop., No operator can have >10% 20 year license, minimum investment based on population, 80% of all licenses Caixa payout ratio Casino/Bingo licenses BR-1 Machines/VLT's: Minimum investment, 5 machines per establishment, 40%/60% profit sharing . • Potential Investor Concerns with Proposed Legislation Massive simultaneous gambling legalization - this will hamper investment in larger projects – gaming businesses need to be "rolled out" over time. The extent of gaming competition needs to be understood as each successively smaller operation detracts from larger ones that are dependent on greater business volumes to support the development cost of more non-gaming amenities and more service jobs Investors need to be able to evaluate extent of competition to assess potential return on investment Awarding licenses based on up front concession fees to the government - Up-front fees diminish project investment - the smaller the project, the less the economic impact and job creation SPECTRUM GAMING SGC CAPITAL- 10 10

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