LVGI’S PLAYERVISION™ WINS MULTIPLE INTERNATIONAL GAMING AND TECHNOLOGY AWARDS AT ICE

LAS VEGAS, NV (February 4, 2008) – Las Vegas Gaming, Inc. (LVGI), the gaming industry innovator in server-based gaming application delivery, announced today that it’s PlayerVision™ system was the recipient of two International Gaming and Technology awards, presented this year at the 2008 ATEI/ICE show in London, England.

PlaverVision™ was chosen by International Gaming & Wagering Business magazine as a “Top International Gaming Products” Winner for 2007. “Our judges were impressed with the technology, citing its potential to increase time on device, facilitate marketing and advertising, and its crossover value for operators whose floors are populated by many different manufacturers,” stated IGWB.

Additionally, a panel of 4 judges from Global Gaming Business magazine selected the PlayerVision™ system as the 3rd place “Best Consumer Service Technology” from gaming product entries from around the world. “PlayerVision™ is a proprietary multi-media system that uses existing VLTs or video slots to give players additional real-time wagering opportunities or as an additional marketing tool for promotions,” stated Frank Legato of Global Gaming Business.

Jon Berkley, president and CEO of LVGI said, “We are tremendously honored to have been selected from all of the innovative technologies from around the world. IGWB and GGB are two of the most recognized publications in the gaming industry and to be selected as a finalist in their competitions is a real accomplishment. Winning multiple awards is a testament to LVGI, our PlayerVision™ system and our commitment to a truly innovative technological solution for the gaming industry.”

The PlayerVision™ system operates on major game platforms currently in the market and offers a variety of software applications to operators to enhance the gaming experience for the player. Currently, LVGI offers AdVision™, NumberVision™ and PV-TV™ in its basic software suite and offers horse wagering, simulcasting, sports book access and on-game bonusing through premium applications WagerVision™ and BonusVision™.

About Las Vegas Gaming, Inc. ("LVGI")
LVGI is a game-management system operator, supplier and game designer specializing in innovative gaming technologies. LVGI’s patent-pending PlayerVision™ technology is a platform for delivering server-based software applications to existing gaming devices. LVGI is also the licensed operator of the Super Bonanza Bingo® progressive and The Million Dollar Ticket® games, as well as the highly acclaimed linked and progressive keno game, Nevada Numbers®. LVGI is on file with the Securities and Exchange Commission and the company holds gaming licenses in many jurisdictions. For more information about LVGI, visit www.lvgi.com.

Forward-looking Statements
All statements included in this press release, other than historical information or statements of historical fact, are forward-looking statements. These statements fall within the meaning of Section 27A of Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, including statements regarding any expected financial position, business and financing plans and any expected results and potential of the Company’s PlayerVisionTM system. Some of the forward-looking statements can be identified by the use of forward-looking terms such as “believes,” “expects,” “may,” “will,” “should,” “could,” “seek,” “intends,” “plans,” “estimates,” “anticipates,” or other comparable terms. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in forward-looking statements contained herein. For more information on the potential factors that could affect the Company’s financial results and business, please refer to the Company’s filings with the SEC including Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K.