EMPLOYMENT AGREEMENT
                              --------------------

         THIS EMPLOYMENT  AGREEMENT (the "Agreement") made and entered into this
____ day of December,  1998 by and between Spintek Gaming Technologies,  Inc., a
Nevada  corporation  (the  "Corporation"),  and Gary L.  Coulter,  a resident of
Nevada ("Executive"), with reference to the following:

         WHEREAS,  the  Corporation  hired Executive in the position of Chairman
and Chief Executive Officer of the Corporation  effective as of October 18, 1996
and entered into an employment agreement which expired on October 17, 1998.

         WHEREAS,  the  Corporation  now  desires  to  continue  in  its  employ
Executive as its Chairman of the Board of Directors and Chief Executive Officer;

         WHEREAS,  in order to continue  the  services of the  Executive in such
capacity  and  to  maximize  the  period  of  his  continued  availability,  the
Corporation  desires to enter into this  Agreement with Executive all as is more
fully set forth herein.

         NOW,   THEREFORE,   on  the  basis  of  the  foregoing   facts  and  in
consideration of the mutual covenants, agreements and payments contained herein,
the parties hereto agree as follows:

1.       Employment
         ----------

         The Corporation hereby agrees to, and does hereby, employ the Executive
and Executive hereby accepts  employment with the Corporation as Chairman of the
Board of Directors and Chief  Executive  Officer on the terms and conditions set
forth in this Agreement.

2.       Term
         ----

         The Employment of the Executive hereunder shall commence on October 18,
1998 and shall continue until February 28, 2002 (the "Term"). After the original
Term this Agreement  shall continue in effect and shall be deemed  automatically
renewed for a second Term unless  either  party hereto shall notify the other in
writing  at  least  thirty  (30)  days  prior  to the end of the  Term of  their
intention of not renewing the same. The Corporation  agrees not to terminate the
Executive  during  the  Term  except  for  Cause.  However,  Executive  shall be
considered terminated, at Executive's election, if

         (1) there is a Change of Control of the Corporation or

         (2) there is a Change of Duties.


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<PAGE>
3.       Title, Duties and Services
         --------------------------

A.  The  Corporation  and  the  Executive  hereby  agree  that,  subject  to the
provisions of this Agreement,  the Corporation will employ the Executive and the
Executive  will  serve  the  Corporation  as  Chairman  of the  Board  and Chief
Executive Officer during the Term(s) or any extension thereof. These duties will
be consistent with and not less than the duties  specified in the  Corporation's
By-Laws,  as currently adopted,  for the position of "Chairman" and "President",
respectively.

B.  Executive  agrees during the term of this Agreement not to usurp a corporate
opportunity for his own financial gain. A corporate opportunity shall be defined
as  a  business  opportunity  which  the  Corporation  is  financially  able  to
undertake,  and is, from its nature, in the line of the  Corporation's  business
and is one in which the Corporation has an interest or a reasonable  expectation
of an interest.  Executive agrees that he shall offer a corporate opportunity to
the   Corporation.   Following   disclosure  by  Executive  to  Corporation  the
Corporation  shall have ten (10) days to either take the  opportunity for itself
or to reject the  opportunity  in which case  Executive  shall have the right to
pursue such opportunity for himself. Failure to notify Executive within such ten
(10)  day  period  shall  be  deemed  a  rejection  of  the  opportunity  by the
Corporation.

4.       Definition
         ----------

         The  following  terms  shall  have the  following  meanings  when used
         herein:

A.       Change  of  Control.  A Change  of  Control  shall be  deemed  to have
         occurred at such time as:

         (1) any Person or an affiliate of any Person other than the Corporation
         or any  Subsidiary  of the  Corporation,  is or becomes the  beneficial
         owner,  directly or  indirectly,  through a  purchase,  merger or other
         acquisition  or  transaction  or series of  transactions,  of shares of
         capital stock,  whether  presently issued or which may be issued in the
         future, of the Corporation  entitling such Person to exercise more than
         forty  percent (40%) of the total voting power of all shares of capital
         stock of the Corporation  entitled to vote generally in the election of
         directors; or

         (2)  any  consolidation  of the  Corporation  with,  or  merger  of the
         Corporation  into,  any other Person,  or any merger of another  Person
         into the Corporation  other than an merger (x) which does not result in
         any   reclassification,   conversion,   exchange  or   cancellation  of
         outstanding  shares of Common Stock or (y) which is effected  solely to
         change  the  jurisdiction  of  incorporation  of the  Common  Stock and
         results in a  reclassification,  conversion or exchange of  outstanding
         shares of Common Stock into solely shares of Common Stock; or


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<PAGE>
         (3) a  change  in the  composition  of the  Board of  Directors  of the
         Corporation  in which  the  individuals  who  constituted  the Board of
         Directors  of the  Corporation  as of  December  1, 1998  cease for any
         reason to constitute a majority of the directors then in office.

         Change of Duties.  A Change of Duties shall be deemed to have  occurred
at such time as there is a reduction of  Executive's  duties,  title or position
with the  Corporation  at any time  during  the Term or any  extension  thereof.
Subsequent  amendments to the By-Laws which result in a reduction of Executive's
duties,  title or position with the  Corporation  at any time during the Term or
any extension thereof shall constitute a Change of Duties.

B.       Cause.  Cause shall exist when and only when Executive

         (1)  after  thirty  (30)  days  written  notification  by the  Board of
         Directors to Executive  that he has  willfully  failed and continues to
         fail  to  substantially   perform  his  duties  continues  to  fail  to
         substantially  perform his duties  (other than failure  resulting  from
         incapacity due to physical or mental illness);

         (2) is convicted of a crime constituting a felony, or

         (3) has been proven to  be  dishonest,  has  embezzled or has committed
         common law fraud.

C.  Person.  Person  shall  mean any  individual,  trust,  estate,  partnership,
corporation,  association,  company, limited liability company or unincorporated
organization,  and/or any combination thereof,  other than the corporation or an
affiliate thereof.

         For purposes of this Agreement an "affiliate" of a person shall include
any person,  firm,  corporation,  association,  organization,  or unincorporated
trade or  business  or any  group of the  foregoing  that,  now or  hereinafter,
directly or  indirectly,  controls,  or is controlled  by, or practices is under
common control with such person.

5.       Compensation.
         -------------

A. As salary  during  the Term,  the  Corporation  shall pay the  Executive,  in
accordance with its normal payroll practices, a minimum salary as follows:

          (1) Four Hundred Thousand Dollars ($400,000) per year from October 18,
          1998 through December 31, 1999;

          (2) Four Hundred  Twenty  Thousand  Dollars  ($420,000)  per year from
          January 1, 2000 through December 31, 2000; and

          (3) Four Hundred Forty  Thousand  Dollars  ($440,000)  from January 1,
          2001 through February 28, 2002. 


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<PAGE>
     Provided, however, such salary is to be paid no less than bi-monthly during
the Term.  The Executive  shall receive such  additional  salary as the Board of
Directors of the  Corporation  may from time to time determine  during the Term.
Unless  expressly  agreed in writing by the parties  hereto,  no such additional
compensation or benefits shall be deemed to modify or otherwise affect the terms
or conditions of this Agreement.  Notwithstanding the foregoing, if Executive is
terminated other than

         (1) for Cause, as defined herein, or

         (2) as a result of a Change of Control,  as defined  herein,  Executive
         shall be entitled to two (2) years salary (based upon his annual salary
         at the time of termination) and the Life Insurance Policy as severance.
         Such  payment  shall serve as  Executive's  sole and  exclusive  rights
         pursuant to this Agreement;  provided,  however, such payment shall not
         affect   Executive's  rights  as  to  options  to  purchase  shares  in
         accordance  with  Paragraph  7  hereof  or  rights  accrued  under  the
         Corporation's  1996 Stock Option Plan or any other rights accrued under
         any employee  benefit plan adopted by  Corporation,  including the 1996
         Bonus Plan (based on stock  appreciation).  In the event of a Change of
         Control or Change of Duties,  Executive  shall be  entitled  to two (2)
         years salary and the Life  Insurance  Policy,  as  severance,  provided
         Executive  exercises his right pursuant to this Agreement to treat such
         change as a  termination  of this  Agreement.  In the  event  Executive
         resigns  for any  reason,  except as a result  of a Change of  Control,
         Executive  shall be entitled to six (6) months  salary  (based upon his
         annual salary at the time of resignation) and the Life Insurance Policy
         as severance. In the event Executive is terminated other than for Cause
         or there is a Change of Control or Change of Duties in which  Executive
         exercises  his  right to treat  such  change as a  termination  of this
         Agreement,  then all obligations to pay Executive shall be due and owed
         in a lump sum payment exactly thirty days from the earlier of:

                  (1) the date of termination,

                  (2) the date of the Change of Control; and/or

                  (3) the date  Executive  elects  termination  pursuant  to the
                  provisions of Paragraph 5 hereof.  The Life  Insurance  Policy
                  shall  be  paid up as of the  termination  date  and the  Life
                  Insurance Policy transferred to Executive.

B.        Executive shall receive an automobile allowance of $1,000.00 per month
          during the term of this Agreement.


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<PAGE>
C. The Corporation shall pay Executive additional  compensation,  based upon the
aggregate sales of the AccuHopper, AccuDrop and/or AccuFill Systems ("Systems"),
the following sums:

          (1) Upon sale of the first 10,000 Systems: $10,000;

          (2) Upon sale of an additional  20,000  Systems (for a total of 30,000
          systems) the sum of: $30,000; and

          (3) Upon the sale of a total of 100,000 Systems the sum of:  $100,000.
          All such additional compensation shall be earned when the sale is made
          as evidenced by purchase  orders and shall be paid within  thirty days
          of Corporation's  receipt of payment for sales aggregating the various
          numbers of Systems set forth above.  Such sales shall be calculated on
          the basis of all sales including those made prior to execution of this
          Agreement.

D.  Executive  shall be entitled to two (2) round trip tourist class tickets per
month for  non-business  travel  from Las  Vegas/Atlanta  for  Executive  or his
nominee or any equivalent ticket in value to any destination.

E.  Executive  shall also be provided with a life  insurance  policy on his life
payable to the beneficiary  designated by Executive of not less than the greater
of

         (1) $1,000,000,

         (2) two times his then current annual salary, or

         (3) his total salary  package for the  immediately  preceding  calendar
         year  taking into  consideration  all  bonuses  and  benefits  paid to,
         accrued or provided for Executive (the "Life Insurance Policy").

6.       Other Benefits.
         ---------------

         During the Term the Executive shall receive all rights and benefits for
which he is then  eligible  under any employee  benefit plan or bonus plan which
the Corporation  generally provides for its employees or any group of employees.
Such benefits shall include, but not be limited to, a bonus plan, which shall be
explicitly set forth by the Corporation's  Board of Directors within ninety (90)
days of the execution of this Agreement,  and full medical and health  insurance
for Executive. In no event shall the bonus be less than the largest bonus (based
on percentage of salary received by any member of the executive  management team
and  employees  directly  employed  in  the  Sales  and  Marketing  Division  of
Corporation.


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<PAGE>
7.       Grant of Options to Acquire Stock.
         ----------------------------------

         Corporation acknowledges that it currently has a qualified stock option
plan  ("Plan")  and  that  Executive  is  covered  under  such  Plan.   Further,
Corporation guarantees Executive will receive, whether such Plan is continued in
effect or whether  such Plan has shares  available  or not, a minimum of 200,000
non-dilutable  options  to acquire  common  shares of the  Corporation  for each
calendar year commencing January 1, 1999 or fraction thereof for which Executive
is  employed  by  Corporation,  that such  options  will vest  immediately  upon
granting,  that the exercise price will not be in excess of the closing price of
the publicly  traded  shares on the last day of any such twelve month period and
reduced by not less than  thirty  (30%)  percent in the event such  shares  upon
exercise of the option would not be free  trading  shares.  The parties  further
agree that Stock  Option  Agreement,  the form of such  attached  as Exhibit "A"
hereto, shall be the form used in granting all such options.
         As a  result  of  and  in  consideration  for  Executive  renewing  his
employment  with  Corporation  pursuant to this  Agreement,  Corporation  hereby
grants to  Executive  200,000  non-dilutable  options to acquire  Common  Shares
pursuant to the attached Exhibit "A" Option Agreement.

8.       Death or Disability.
         --------------------

         In the event of the death of the  Executive  or the  disability  of the
Executive this Agreement shall  immediately  terminate and the Corporation shall
pay to  Executive  or his  estate  one (1)  year's  salary in a single  lump sum
payment which payment shall be due and payable upon the sooner of

                  (1) thirty (30) days of Executive's death or

                  (2)  thirty  (30) days  after  Executive  is  declared  by his
                  physician  incapable of performing  his duties as specified in
                  this Agreement.  The Corporation  shall have the right to fund
                  Executive's death and/or disability  benefit through insurance
                  other than the insurance required by Paragraph 5.E. hereof.

9.       Place of Performance.
         ---------------------

         In connection with his employment by the  Corporation  during the Term,
the  Executive  shall at all times be  entitled  to an  office at the  principal
executive  offices of the  Corporation,  located in Las Vegas,  Nevada and/or at
such other office(s) of the Corporation  wherever  located and at any additional
location,  as Executive shall, in his reasonable  discretion,  deem to be in the
best  interest of the  Corporation  or the  Executive  in  assisting  him in the
performance  of his duties.  In the event the  Corporation  moves its  principal
place of business outside of Las Vegas,  Nevada,  other than at the direction of
Executive,  Executive  at his  option  shall  have the right to  terminate  this
Agreement  and  receive  such salary due to him for the  remaining  Term of this
Agreement but in no event less then two (2) years salary.


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<PAGE>
10.      Notice.
         -------

         All Notices and other communications  hereunder shall be in writing and
shall be deemed to have been validly  served,  given or delivered  five (5) days
after deposit in the United States mail, by certified  mail with return  receipt
requested and postage  prepaid,  when  delivered  personally,  one (1) day after
delivery to any overnight courier, or when transmitted by facsimile transmission
facilities, and addressed to the party to be notified as follows:

           If to Corporation at:          Spintek Gaming Technologies, Inc.
                                          1857 Helm
                                          Las Vegas, Nevada 89119
                                          Attn: Chairman
                                          Facsimile # 702-263-3680


           If to Executive at:            Gary L. Coulter
                                          1857 Helm Drive
                                          Las Vegas, Nevada 89119
                                          Facsimile # 702-263-8953

The  parties  may from time to time and at any time  supplement  or  change  the
addresses herein by giving Notice hereunder to the other party hereto.

11.      Miscellaneous.
         --------------

A.  This  Agreement  shall  inure  to the  benefit  of and be  binding  upon the
Corporation,  its successors and assigns.  This Agreement may not be assigned by
the  Corporation  without  the  prior  written  consent  of the  Executive.  The
obligations  and duties of the  Executive  hereunder  shall be personal  and not
assignable.

B. Whenever  possible,  each provision of this Agreement shall be interpreted in
such a manner as to be valid and  effective  under  applicable  law,  but if any
provision  of  this  Agreement  is  found  to be  prohibited  or  invalid  under
applicable  law,  such  provision  will be  ineffective  to the  extent  of such
prohibition or invalidity  without  invalidating the remainder of such provision
or the remaining provisions of this Agreement.

C. Any waiver,  alteration or modification of any of the terms of this Agreement
will be valid only if made in writing  and signed by the  parties  hereto.  Each
party  hereto  from time to time may waive  any of his or its  rights  hereunder
without  effecting  a waiver  with  respect  to any  subsequent  occurrences  or
transactions hereunder.

D. Captions and paragraph  headings used herein are for convenience only are not
a part hereof and shall not be used in construing this Agreement.


                                       E-7
<PAGE>
E. This  Agreement  constitutes  the entire  understanding  and agreement of the
parties  and,  except  as  otherwise  provided  hereunder,  there  are no  other
agreements or  understandings,  written or oral,  in effect  between the parties
relating to the employment of the Executive by the Corporation  during the Term.
All prior  negotiations  or  agreements,  if any,  between the parties  relating
solely to the employment of the Executive by the Corporation during the Term are
hereby superseded.

F. This Agreement  shall be governed by and  interpreted in accordance  with the
laws of the State of Nevada.

G. This Agreement may be executed in counterparts, each of which shall be deemed
an original,  but both of which taken together shall constitute one and the same
instrument.


12.      Arbitration.
         ------------

         Any controversy between the parties hereto,  including the construction
or application of any of the terms,  covenants or conditions of this  Agreement,
shall on written request of one party served on the other be settled exclusively
by  arbitration  in  accordance  with  the  rules  of the  American  Arbitration
Association  then in effect.  The  arbitrator  selected  must be a member of the
National  Academy  of  Arbitrators  and  must  have  significant  experience  in
arbitrating  labor  disputes.   Further  the  arbitrator  must  be  an  attorney
practicing  labor  law in  the  Southern  California  area.  The  cost  of  such
arbitration  shall be borne by the losing  party or in such  proportions  as the
arbitrator(s) shall decide. Judgment may be entered on the arbitrator's award in
any court of competent jurisdiction.

13.      The Executive's Employment.
         ---------------------------

         Nothing contained in this Agreement

          (1) obligates the  Corporation or any subsidiary of the Corporation to
          employ the Executive in any capacity whatsoever, or

          (2) prohibits or restricts the  Corporation  (or any such  subsidiary)
          from terminating the employment,  if any, of the Executive at any time
          or for any reason  whatsoever,  with or without cause,  subject to the
          terms and conditions of this Agreement.


                                       E-8
<PAGE>



         IN WITNESS  WHEREOF the parties  hereto have executed this Agreement as
of the day and year first above written.

                                           EXECUTIVE:

                                           ______________________________
                                           GARY L. COULTER

                                           SPINTEK GAMING TECHNOLOGIES, INC.



                                           BY:___________________________ 
                                           MALCOLM C. DAVENPORT, V
                                           VICE CHAIRMAN




                                           ATTEST:_______________________   
                                           ROBERT E. HUGGINS
                                           ASSISTANT SECRETARY









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