FORTUNE ENTERTAINMENT CORPORATION
144 Elm Street, Second Floor, Suite 16
Biddeford, Maine 04005
phone (207) 282-0878
www.fetg.com
October 27, 1999

Las Vegas, Nevada - Fortune Entertainment Corp. (FEC) has announced
that the company will be refining its corporate direction and will not be proceeding
with making Fortune Tournament Poker available to the internet as they
had announced in a news release dated August 24, 1999.  This refinement of corporate
direction is in conjunction with the Company being awarded an initial
(90) day Supplier License from the Mille Lacs Band of Ojibwe Indians and
sponsorship received from the Band in August with Gaming Labs
International (GLI).  Gaming Labs International is the official testing
laboratory for all floor games and machines used in Indians Casinos in
the United States, and FEC is also pleased to announce that its core
product, The Fortune Tournament Poker System  is about to enter testing.

Fortune Entertainment is extremely pleased to have been awarded this
Suppliers license from the Mille Lacs Band, the operators of the fourth
largest Indian Casino in the United States with gross revenues of
approximately $2 Million per day.  Mr. William Danton, President and CEO
of Fortune Entertainment states, “As we previously reported, we are
excited to be associated with the Mille Lacs Band of Ojibwe Indians in
Minnesota as one of the premier casino operators in American Indian
Gaming.  This provides not only an excellent opportunity for FEC in the
marketing of its Fortune Tournament Poker System, but other newly
developed and emerging games coming from Fortune Entertainment.  We have
decided that it is more appropriate now for the Company to focus its
efforts towards core product roll-out, distribution and new product
development, as well as premier technology collaborations that will be
more fully reported on at a later date.  The Company continues to move
forward towards its goal of increasing shareholder value and bringing
its innovative products to the enormous and growing gaming market.”

Fortune Entertainment corporation develops and manufactures proprietary
and patented casino floor products.  ‘Fortune Tournament Poker’ is a
machine and tournament based poker game, which has been legally defined
as a game of skill, and ‘Rainbow 21’ .

ON BEHALF OF THE BOARD OF DIRECTORS

William M. Danton,
President

NOTE:  Forward looking information provided pursuant to the benefits of
the safe harbor provisions of thee PSLR Act of 1995.  Forward-looking
statements made by FEC are not guarantee of future performance.

CONTACT:  Fortune Entertainment Corp. www.fetg.com

Further information is available by accessing the Buzz Communications
Website at www.buzzcomm.com or by calling Buzz Communications at (604)
685-6883.

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