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                                                                 Exhibit 10(ee)

                         EXECUTIVE EMPLOYMENT AGREEMENT


         AGREEMENT made as of the 19th day of May, 2000, by and between WMS
     INDUSTRIES INC., a Delaware corporation (the "Corporation"), and SCOTT
     SCHWEINFURTH ("Executive").

                              W I T N E S S E T H:


     WHEREAS, the Corporation desires to employ Executive and Executive is
willing to undertake such employment on the terms and subject to the conditions
hereinafter set forth.

     NOW, THEREFORE, in consideration of the premises and mutual covenants
hereinafter contained, the parties hereto agree as follows:

     1.    EMPLOYMENT; DUTIES. The Corporation hereby employs Executive as an
executive of the Corporation to perform services as the Executive Vice
President, Chief Financial Officer and Treasurer, and to perform such duties on
behalf of the Corporation and its affiliates as the Chief Executive Officer,
President or the Board of Directors of the Corporation may from time to time
determine relating to financial, accounting and other matters appropriate for a
senior executive of the Corporation.

     2.    ACCEPTANCE AND LOYALTY. Executive hereby accepts such employment and
agrees that throughout the period of his employment hereunder, he will devote
his full time, attention, knowledge and skills, faithfully, diligently and to
the best of his ability, in furtherance of the business of the Corporation and
will perform the duties assigned to him pursuant to Section 1 hereof. Executive
shall perform all duties and responsibilities in a professional manner
consistent with the skill, competence and efficiency expected of an executive
employee performing the duties assigned to Executive and subject to the
direction and control of the Chief Executive Officer, President and the Board of
Directors of the Corporation. Executive will do such traveling as may be
reasonably required of him in the performance of his obligations hereunder.
Executive shall at all times be subject to, observe and carry out such rules,
regulations, policies, directions and restrictions as the Corporation shall from
time to time establish. During his employment hereunder, Executive shall not,
without the written approval of the Chief Executive Officer, President or the
Board of Directors of the Corporation first had and obtained in each instance,
directly or indirectly, accept employment or compensation from or perform
services of any nature for, any business enterprise other than the Corporation
or any of its subsidiaries or affiliates. During Executive's employment
hereunder, Executive shall not be entitled to additional compensation for
serving in any office, including as a director, of the Corporation or any of its
subsidiaries or affiliates to which he may be elected.


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     3.    TERM.

           3.1 The term of Executive's employment hereunder shall commence on
the date hereof and terminate on June 30, 2001 (the "Original Term"); provided,
however, that the term of Executive's employment shall be deemed automatically
extended from time to time such that the term of such employment shall at no
time be less than one year (the "Extended Term"); and provided further, that
Executive's services hereunder may be terminated (i) by either party effective
upon expiration of the Original Term or the Extended Term upon written notice
from the terminating party to the other party dated and received at least one
year prior to the respective termination date, or (ii) by the Corporation
effective upon 30 days' prior written notice if such termination is for "cause"
as defined in subsection 3.2 below, or (iii) by Executive effective upon 30
days' prior written notice if such termination is for "good reason" as defined
in subsection 3.3 below. The Original Term and the Extended Term are hereafter
collectively referred to as the "Term" and each year of the Term is hereafter
referred to as an "Employment Year."

           3.2 For purposes of this Agreement, "cause" means (i) conviction
(pursuant to a final or non-appealable judgment) of a felony or any other crime
involving fraud, larceny or dishonesty; (ii) failure and refusal to follow a
reasonable direction of the Chief Executive Officer, the President or the Board
of Directors of the Corporation after notice in writing of such failure or
refusal and a cure period of ten days thereafter; (iii) commission of any
dishonest, willful or grossly negligent act which has or is reasonably likely to
have a material adverse effect on the Corporation or its customer or trade
relationships; or (iv) failure or refusal to provide accurate and reasonably
complete information with respect to Executive's personal history to the
Corporation or to governmental agencies regulating the business of the
Corporation, failure or refusal to reasonably cooperate with such regulators or
failure to obtain necessary regulatory licensing approvals or clearances because
of intentionally inaccurate, intentionally incomplete or falsified information
provided by Executive. It is understood that poor financial performance of the
Corporation shall not in itself constitute grounds for the termination of
Executive for "cause."

           3.3 Executive's employment may be terminated by Executive for "good
reason." For purposes of this Agreement, "good reason" shall mean a material
breach by the Corporation of any material provision of this Agreement, after
Executive has provided the Corporation with notice thereof and a reasonable
opportunity to cure such breach.

           3.4 Subject to the provisions of Section 12 hereof, if (i) the
Corporation terminates Executive's employment other than for "cause" (including
by reason of death or disability), or (ii) Executive terminates his employment
for "good reason", Executive shall be entitled to receive in a single lump-sum
payment without discount to present value all cash compensation which would
otherwise be payable to Executive hereunder until expiration of the Extended
Term. For purposes of this Agreement, "disability" shall mean the absence of
Executive from Executive's duties with the Corporation on a full-time basis for
60 consecutive business days as a result of incapacity due to mental or physical
illness which is determined to be total and permanent by a physician selected by
the Corporation or its insurers and acceptable to Executive or Executive's legal
representative.



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     4.    COMPENSATION AND BENEFITS.

           4.1 The Corporation shall pay to Executive as compensation for his
services and agreements hereunder a base salary at the rate of $275,000 per
annum, or such greater amount as the Board of Directors of the Corporation shall
from time to time determine. Base salary shall be payable in equal installments
in accordance with the Corporation's normal payroll policy, subject to payroll
taxes and withholding requirements.

           4.2 The Corporation will establish a discretionary performance bonus
program for Executive with respect to each fiscal year during the Term. The
performance bonus will be an amount of up to seventy-five percent (75%) of
Executive's then current base salary, and will be based upon the extent to which
Executive and the Corporation achieve individual and corporate performance
objectives and criteria established by the President of the Corporation for such
fiscal year.

           4.3 Upon execution of this Agreement, Executive shall be entitled to
receive an additional bonus payment in the amount of $25,000; provided, however,
that such bonus will not be deemed earned until the first anniversary of
Executive's employment by the Corporation, and shall be refunded in full in the
event Executive's employment is terminated by the Corporation for "cause" or by
Executive without "good reason".

           4.4 Executive shall be entitled to participate, to the extent he is
eligible under the terms and conditions thereof, in any bonus, pension,
retirement, disability, hospitalization, insurance, medical service, or other
employee benefit plan which is generally available to executive employees of the
Corporation and which may be in effect from time to time during the period of
his employment hereunder, including the Exec-U-Care insurance program. The
Corporation shall be under no obligation to institute or continue the existence
of any such employee benefit plan. In addition, the Corporation shall provide
Executive with Four Hundred Thousand Dollars ($400,000) in additional life
insurance coverage, payable to such beneficiary as Executive shall designate
from time to time, in such form and manner as the Corporation and Executive
shall determine as appropriate in order to minimize the income tax consequences
of such coverage to Executive. If such insurance is not available at an annual
premium of $3,000 or less, then the Corporation shall provide such lesser amount
of insurance as is available at an annual premium of $3,000.

           4.5 The Corporation will reimburse Executive for his reasonably
documented moving expenses from Las Vegas, Nevada to the Chicago area, up to an
aggregate of $60,000, including the real estate commissions on the sale of
Executive's home in Las Vegas, and the moving of Executive's household items and
two automobiles. Also, the Corporation shall reimburse Executive for the cost of
one round-trip coach airline fare for Executive's four children and any addition
round-trip coach airline fares for Executive's wife as are reasonably necessary
for Executive's relocation. The Corporation will reimburse Executive for the
amount, if any, by which the purchase price paid by Executive for Executive's
home in Las Vegas (including the cost of any documented capital improvements
made by Executive to such home) exceeds the sale price obtained




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upon the sale of Executive's home in Las Vegas to prevent Executive from
suffering a loss between the price he paid for the Las Vegas home (and the cost
of such capital improvements) and the sales price for the Las Vegas home,
provided that such reimbursement shall not exceed $40,000. Executive shall
provide the Corporation with documentation showing the purchase price he paid
for his home in Las Vegas. The payments to Executive set forth in this Section
4.5 shall be paid net of any income tax imposed upon Executive as a result of
such payments, and shall be "grossed-up" such that the net amount retained by
Executive shall be the full amount of such payments after the calculation and
deduction of any income taxes on such payments.

     5.    BUSINESS EXPENSES. The Corporation shall reimburse Executive for all
authorized expenses reasonably incurred by him in accordance with the
Corporation's "Travel and Entertainment Policy and Procedure," and any
amendments thereof that the Corporation may adopt during the Term hereof.

     6.    VACATION. Executive shall be entitled to three weeks paid vacation
during each Employment Year. Any such vacations are to be taken at times
mutually agreeable to Executive and the President of the Corporation. Vacation
time shall not be accumulated from year to year, unless Executive is requested
by the President of the Corporation to forego a vacation during any Employment
Year.

     7.    KEY-MAN LIFE INSURANCE. The Corporation may purchase and maintain
life insurance covering the life of Executive ("Key-man Insurance") in an amount
determined by the Corporation. The Corporation shall be the sole owner and
beneficiary of the Key-man Insurance and may apply to the payment of premiums
thereunder any dividends declared and paid thereon. Executive shall submit
himself to such physical examinations as the President of the Corporation may
deem necessary or desirable in connection with the purchase and maintenance of
the Key-man Insurance.

     8.    NON-COMPETITION AND NON-RAIDING. In consideration of the
Corporation's entering into this Agreement:

           8.1 Executive agrees that during the Term hereof and for a period of
one year after termination for "cause" or after Executive terminates his
employment without "good reason" without the written consent of the Corporation,
he will not, directly or indirectly, without the prior written consent of the
Corporation, own, manage, operate, join, control, participate in, perform any
services for, invest in, or otherwise be connected with, in any manner, whether
as an officer, director, employee, consultant, partner, investor or otherwise,
any business entity which is engaged in the design, importation, manufacture
and/or sale of electronic gaming devices or any business entity which is engaged
in any other business in which the Corporation or any affiliate of the
Corporation is engaged. Nothing herein contained shall be deemed to prohibit
Executive from investing his funds in securities of a company if the securities
of such company are listed for trading on a national stock exchange or traded in
the over-the-counter market and Executive's holdings therein represent less than
five percent of the total number of shares or principal amount of other
securities of such company outstanding.



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           8.2 Executive agrees that during the Term hereof and for a period of
one year thereafter, he will not, directly or indirectly, without the prior
written consent of the Corporation, induce or influence, or seek to induce or
influence, any person who is engaged by the Corporation or any affiliate of the
Corporation as an employee, agent, independent contractor or otherwise, to
terminate his employment or engagement, nor shall Executive directly or
indirectly, through any other person, firm or corporation, employ or engage, or
solicit for employment or engagement, or advise or recommend to any other person
or entity that such person or entity employ or engage or solicit for employment
or engagement, any person or entity employed or engaged by the Corporation or
any affiliate of the Corporation.

           8.3 In the event that Executive is terminated for reasons other than
"cause," then, for such period (not to exceed one year after termination) as the
Corporation either continues to pay the Executive's base salary to him or has
made a lump-sum payment to Executive pursuant to Section 12 hereof, Executive
agrees that he will not, directly or indirectly, without the prior written
consent of the Corporation, take any of the actions prohibited under subsection
8.1 of this Agreement.

           8.4 Executive acknowledges that the provisions of this Paragraph 8
are reasonable and necessary for the protection of the Corporation. In the event
that any provision of this Paragraph 8, including any sentence, clause or part
hereof, shall be deemed contrary to law or invalid or unenforceable in any
respect by a court of competent jurisdiction, the remaining provisions shall not
be affected, but shall, subject to the discretion of such court, remain in full
force and effect and any invalid and unenforceable provisions shall be deemed,
without further action on the part of the parties hereto, modified, amended and
limited to the extent necessary to render the same valid and enforceable.

     9.    CONFIDENTIALITY AGREEMENT.

           9.1 As used herein, the term "Confidential Information" shall mean
any and all information of the Corporation and of its affiliates (for purposes
of this paragraph, the Corporation's affiliates shall be deemed included within
the meaning of "Corporation"), including, but not limited to, all data,
compilations, programs, devices, strategies, or methods concerning or related to
(i) the Corporation's finances, financial condition, results of operations,
employee relations, amounts of compensation paid to officers and employees and
any other data or information relating to the internal affairs of the
Corporation and its operations; (ii) the terms and conditions (including prices)
of sales and offers of sales of the Corporation's products and services; (iii)
the terms, conditions and current status of the Corporation's agreements and
relationship with any customer or supplier; (iv) the customer and supplier lists
and the identities and business preferences of the Corporation's actual and
prospective customers and suppliers or any employee or agent thereof with whom
the Corporation communicates; (v) the trade secrets, manufacturing and operating
techniques, price data, costs, methods, systems, plans, procedures, formulas,
processes, hardware, software, machines, inventions, designs, drawings, artwork,
blueprints, specifications, tools, skills, ideas, and strategic plans possessed,
developed, accumulated or acquired by the Corporation; (vi) any communications
between the Corporation, its officers, directors, stockholders, or employees,
and any attorney retained by the




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Corporation for any purpose, or any person retained or employed by such attorney
for the purpose of assisting such attorney in his or her representation of the
Corporation; (vii) any other information and knowledge with respect to all
products developed or in any stage of development by the Corporation; (viii) the
abilities and specialized training or experience of others who as employees or
consultants of the Corporation during the Term hereof have engaged in the design
or development of any such products; and (ix) any other matter or thing, whether
or not recorded on any medium, (a) by which the Corporation derives actual or
potential economic value from such matter or thing being not generally known to
other persons or entities who might obtain economic value from its disclosure or
use, or (b) which gives the Corporation an opportunity to obtain an advantage
over its competitors who do not know or use the same.

           9.2 Executive acknowledges and agrees that the Corporation is engaged
in highly competitive businesses and has expended, or will expend, significant
sums of money and has invested, or will invest, a substantial amount of time to
develop and maintain the secrecy of the Confidential Information. The
Corporation has thus obtained, or will obtain, a valuable economic asset which
has enabled, or will enable, it to develop an extensive reputation and to
establish long-term business relationships with its suppliers and customers. If
such Confidential Information were disclosed to another person or entity or used
for the benefit of anyone other than the Corporation, the Corporation would
suffer irreparable harm, loss and damage. Accordingly, Executive acknowledges
and agrees that, unless the Confidential Information becomes publicly known
through legitimate origins not involving an act or omission by Executive:

           (i)   the Confidential Information is, and at all times hereafter
           shall remain, the sole property of the Corporation;

           (ii)  Executive shall use his best efforts and the utmost diligence
           to guard and protect the Confidential Information from disclosure to
           any competitor, customer or supplier of the Corporation or any other
           person, firm, corporation or other entity; (1)

           (iii) unless the Corporation gives Executive prior express written
           permission, during his employment and thereafter, Executive shall not
           use for his own benefit, or divulge to any competitor or customer or
           any other person, firm, corporation, or other entity, any of the
           Confidential Information which Executive may obtain, learn about,
           develop or be entrusted with as a result of Executive's employment by
           the Corporation; and

           (iv)  except in the ordinary course of the Corporation's business,
           Executive shall not seek or accept any Confidential Information from
           any former, present or future employee of the Corporation.

           9.3 Executive also acknowledges and agrees that all documentary and
tangible Confidential Information including, without limitation, such
Confidential Information as Executive



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has committed to memory, is supplied or made available by the Corporation to the
Executive solely to assist him in performing his services under this Agreement.
Executive further agrees that after his employment with the Corporation is
terminated for any reason:

           (i)   Executive shall not remove from the property of the Corporation
           and shall immediately return to the Corporation, all documentary or
           tangible Confidential Information in his possession, custody, or
           control and not make or keep any copies, notes, abstracts, summaries,
           tapes or other record of any type of Confidential Information; and

           (ii)  Executive shall immediately return to the Corporation any and
           all other property of the Corporation in his possession, custody or
           control, including, without limitation, any and all keys, security
           cards, passes, credit cards and marketing literature.

     10.   INVENTION DISCLOSURE. Any invention, improvement, design, development
or discovery conceived, developed, created or made by Executive alone or with
others, during the period of his employment hereunder and applicable to the
business of the Corporation or its affiliates, whether or not patentable or
registrable, shall become the sole and exclusive property of the Corporation.
Executive hereby assigns to the Corporation, all of his rights to any
"intellectual material" created or developed by him during the course of his
employment. As used herein, "intellectual material" shall include, but shall not
be limited to, ideas, titles, themes, production ideas, methods of presentation,
artistic renderings, sketches, plots, music, lyrics, dialogue, phrases, slogans,
catch words, characters, names and similar literary, dramatic and musical
material, trade names, trademarks and service marks and all copyrightable
expressions in audio visual works, computer software, electronic circuitry and
all mask works for integrated circuits. Executive shall disclose the
intellectual material promptly and completely to the Corporation and shall,
during the period of his employment hereunder and at any time and from time to
time hereafter (a) execute all documents requested by the Corporation for
vesting in the Corporation or any of its affiliates the entire right, title and
interest in and to the same, (b) execute all documents requested by the
Corporation for filing and prosecuting such applications for patents, trademarks
and/or copyrights as the Corporation, in its sole discretion, may desire to
prosecute, and (c) give the Corporation all assistance it reasonably requires,
including the giving of testimony in any suit, action or proceeding, in order to
obtain, maintain and protect the Corporation's right therein and thereto. If any
such assistance is required following the termination of this Agreement, the
Corporation shall reimburse Executive for his time and the reasonable expenses
incurred by him in rendering such assistance. Anything contained in this
paragraph to the contrary notwithstanding, this paragraph does not apply to an
invention for which no equipment, supplies, facilities, or trade secret
information of the Corporation or its affiliates was used and which was
developed entirely on the Executive's own time, unless (d) the invention
relates: (i) to the business of the Corporation or its affiliates, or (ii) to
the Corporation's or any of its affiliates' actual or demonstrably anticipated
research or development, or (e) the invention results from any work performed by
the Executive for the Corporation or its affiliates.


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     11.   REMEDIES. Executive acknowledges and agrees that the business of the
Corporation is highly competitive and that violation of any of the covenants
provided for in Paragraphs 8, 9 and 10 of this Agreement would cause immediate,
immeasurable and irreparable harm, loss and damage to the Corporation not
adequately compensable by a monetary award. Accordingly, Executive agrees,
without limiting any of the other remedies available to the Corporation, that
any violation of said covenants, or any one of them, may be enjoined or
restrained by any court of competent jurisdiction, and that any temporary
restraining order or emergency, preliminary or final injunctions may be issued
by any court of competent jurisdiction, without notice and without bond. In the
event any proceedings are commenced by the Corporation against Executive for any
actual or threatened violation of any of said covenants and if the Corporation
prevails in such litigation, then, Executive shall be liable to the Corporation
for, and shall pay to the Corporation, all costs and expenses of any kind,
including reasonable attorneys' fees, which the Corporation may incur in
connection with such proceedings.

     12.   CHANGE OF CONTROL.

           12.1 If at any time during the term of this Agreement, individuals
who presently constitute the Board of Directors of the Corporation, or who have
been recommended for election to the Board by two-thirds of the Board consisting
of individuals who are either presently on the Board or such recommended
successors cease for any reason to constitute at least a majority of such Board
(such event being hereafter referred to as a "Change of Control") and Executive
gives written notice to the Corporation within 60 days after such Change of
Control of his election to terminate his employment hereunder, the Corporation
shall pay to Executive within 15 days after Executive's delivery of such notice,
as severance pay and liquidated damages, in lieu of any other rights or remedies
which might otherwise be available to him under this Agreement, and without
mitigation of any kind or amount, whether or not Executive shall seek or accept
other employment, a lump sum payment equal in amount to three times the annual
base salary payable to Executive pursuant to subsection 4.1 of this Agreement.
In addition, all unexpired options to purchase securities of the Corporation
granted to Executive before the Change of Control shall, if unvested, vest fully
on the date of the Change of Control, notwithstanding any vesting provisions of
such options. The payments provided for in this Section 12 shall be paid in
full, without discount to present value.

           12.2 If it shall be determined that any amount payable under Section
12.1 by the Corporation to or for the benefit of Executive (a "Base Payment")
would be subject to the excise tax (the "Excise Tax") imposed by Section 4999 of
the Internal Revenue Code of 1986, as amended (the "Code"), then Executive shall
be entitled to receive an additional payment (the "Gross-Up Payment") in an
amount such that the net amount retained by Executive, after the calculation and
deduction of any Excise Tax on the Base Payment shall be equal to the Base
Payment, less any federal, state and local income taxes. The Gross-Up Payment
shall be reduced by income or Excise Tax withholding payments made by the
Corporation to any federal, state, or local taxing authority with respect to the
Gross-Up Payment that was not deducted from compensation payable to the
Executive. All determinations required to be made under this Section 12.2,
including whether and when a Gross-Up Payment is required, the amount of such
Gross-Up Payment, and the assumptions to be utilized in arriving at such
determination, except as specified above, shall be made by the Corporation's
auditors



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(the "Accounting Firm"), which shall provide detailed supporting calculations
both to the Corporation and Executive within fifteen business days after the
receipt of notice from Executive that there should be a Gross-Up Payment. The
determination of tax liability made by the Accounting Firm shall be subject to
review by Executive's tax advisor, and, if Executive's tax advisor does not
agree with the determination reached by the Accounting Firm, then the Accounting
Firm and Executive's tax advisor shall jointly designate a nationally recognized
public accounting firm, which shall make the determination. All fees and
expenses of the accountants retained by the Corporation or jointly designated
and retained shall be borne by the Corporation. Any determination by a jointly
designated public accounting firm shall be binding upon the Corporation and
Executive.

     13.   ENTIRE AGREEMENT. This Agreement constitutes the entire agreement of
the parties hereto with respect to Executive's employment with the Company and
no amendment or modification hereof shall be valid or binding unless made in
writing and signed by the party against whom enforcement thereof is sought. All
prior agreements relating to Executive's employment with the Company or WMS or
any affiliate of the Company or WMS are hereby terminated and of no further
force and effect.

     14.   NOTICES. Any notice required, permitted or desired to be given
pursuant to any of the provisions of this Agreement shall be deemed to have been
sufficiently given or served for all purposes if delivered in person or sent by
telephone facsimile or sent by certified mail, return receipt requested, or sent
by responsible overnight delivery service, postage and fees prepaid, to the
parties hereto at their respective addresses set forth below. Either of the
parties hereto may at any time and from time to time change the address to which
notice shall be sent hereunder by notice to the other party given under this
Section 14. The date of the giving of any notice sent by mail shall be three
business days following the date of the posting of the mail, if delivered in
person, the date delivered in person, if sent by overnight delivery service, the
next business day following delivery to an overnight delivery service or if sent
by telephone facsimile, the date sent by telephone facsimile.

     If to the Corporation:
               3401 North California Avenue
               Chicago, IL  60618
               Facsimile: 312-961-1099
               Attn: Mr. Brian Gamache, President

     If to Executive:
               1960 Saunders Road
               Riverwoods, IL  60015

     15.   NO ASSIGNMENT. Neither this Agreement nor the right to receive any
payments hereunder may be assigned by Executive. This Agreement shall be binding
upon Executive, his heirs, executors and administrators and upon the
Corporation, its successors and assigns.

     16.   NO WAIVER. No course of dealing nor any delay on the part of the
Corporation in exercising any rights hereunder shall operate as a waiver of any
such rights. No waiver of any default



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or breach of this Agreement shall be deemed a continuing waiver or a waiver of
any other breach or default.

     17.   GOVERNING LAW. This Agreement shall be governed, interpreted and
construed in accordance with the substantive laws of the State of Illinois
applicable to agreements entered into and to be performed entirely therein.

     18.   SEVERABILITY. If any clause, paragraph, section or part of this
Agreement shall be held or declared to be void, invalid or illegal, for any
reason, by any arbitrator or court of competent jurisdiction, such provision
shall be ineffective but shall not in any way invalidate or affect any other
clause, paragraph, section or part of this Agreement. The parties intend that
all clauses, paragraphs, sections or parts of this Agreement shall be
enforceable to the fullest extent permitted by law.

     19 .  AFFILIATE. As used in this Agreement, "affiliate" means any person or
entity controlled by or under common control with the Corporation.

     20.   COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which counterparts, when taken together, shall constitute
but one and the same agreement.


     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed on the day and year first above written.

                                          WMS INDUSTRIES INC.


                                          By:  /s/   BRIAN GAMACHE
                                               ---------------------------------
                                               Brian Gamache, President

                                          By:  /s/   SCOTT SCHWEINFURTH
                                              ----------------------------------
                                               Scott Schweinfurth




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