EXHIBIT 10.4


                   GLOBAL ENTERTAINMENT HOLDINGS/EQUITIES INC
                              EMPLOYMENT AGREEMENT

1        Recitals
1.   This Agreement is made this 1st day of January 2002 and between: Global
     Entertainment Holdings/Equities Inc (hereinafter referred to as "GAMM") and
     Bryan Abboud, hereinafter referred to as "the Employee").
2.   WHEREAS, GAMM is presently engaged in the business of providing
     information, software and entertainment services to clients and licensees.
     Such services may or may not involve fiduciary responsibilities and can
     vary widely in scope depending on each client's particular circumstances;
     and,
3.   WHEREAS, GAMM desires the Employee to provide services to assist in
     completing various duties and provide related services for GAMM on a basis
     which meets GAMM's high standards for quality and timeliness and service as
     provided herein (Exhibit C). These services will be subject to augmentation
     and modification at the sole discretion of GAMM during the term of this
     Agreement.
4.   WHEREAS, in return for the Employee's services, GAMM agrees to compensate
     the Employee as provided herein (Exhibit B), as follows:
2    Basic Agreement
5.   The basic nature of this relationship is that of an employer and an
     employee. The parties acknowledge the accuracy of the matters referenced in
     the Recitals paragraphs 1 - 4 (above) of this Agreement.
6.   This Agreement shall become effective on the date and year set forth above
     and is terminable by both parties in accord to the Termination section
     below.
..1   THE EMPLOYEE'S REPRESENTATIONS
7.   The Employee represents that he/she is qualified to perform the duties and
services set forth in Exhibit C.

 8.  Employee agrees to complete all projects assigned under this Agreement in a
     manner consistent with GAMM's specifications while observing standards as
     to quality, timeliness and other policies as defined by GAMM. Such
     standards and policies are subject to change by GAMM from time to time.

..1   NON-COMPETITION
9.   Employee agrees that during the period of employment, Employee shall devote
     his or her full-time efforts to his or her duties as an employee. During
     the period of employment, and for a one year period after termination of
     the contract, Employee further agrees not to (i) solely or jointly with
     others undertake or join any planning for or organization of any business
     activity competitive with the business activities of GAMM, or (ii) directly
     or indirectly, engage or participate in any other activities in conflict
     with the best interests of GAMM for the duration of this contract.
..2   THE EMPLOYEE'S COVENANTS AND WARRANTIES

The Employee covenants, agrees, and represents as follows:

10.  The Employee will perform his/her work at all times to the best of his/her
     ability consciously and expeditiously at those locations set by GAMM.
     Employee will conduct himself or herself in a manner consistent with GAMM's
     standards for network etiquette, and system security and protocol. At no
     time shall the Employee contact, access, alter, or tamper with GAMM's
     clients or GAMM's files, directories or systems other than those required
     for the given task(s) at hand.

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11.  As a material term and condition of his/her employment, Employee agrees to
     execute and fully comply with the "Non-Disclosure Agreement attached hereto
     as Exhibit A."
12.  The Employee will render to GAMM at regular, frequent intervals reports and
     accounting of the status and progress of his/her work and explanations of
     the amounts thereof. It is understood and agreed by the Employee that all
     work papers generated, as well as copies of same, are the property of GAMM,
     and shall be returned to GAMM upon the earlier of GAMM's demand or upon
     termination of the term of this Agreement.
..A   Termination
13.  Upon termination, GAMM shall promptly pay Employee all compensation or fees
     earned or otherwise due through the date of termination consistent with
     Exhibit B.
14.  If terminated for any reason whatsoever before March 2003, Employee will be
     granted one full year salary and one 100% on target bonus as a severance
     payment.
15.  If terminated without cause at any time throughout this contract or the
     Employee's termination is a result of a change in control, Employee will be
     granted one full year salary and one full year 100% on target bonus as a
     severance payment.
..3   MISCELLANEOUS PROVISIONS
16.  Employee agrees that all products, goods, trade secrets, confidential
     information, and works of authorship arising out of or resulting from, or
     in connection with, the services provided by Employee to GAMM under this
     Agreement (the "Products"), are works made for hire and shall be the sole
     and exclusive property of GAMM. Employee hereby agrees to disclose,
     transfer, and assign to GAMM any and all right, title and interest in the
     Products, in whatever form, including all worldwide copyrights, patents,
     and trade secret and confidential and proprietary rights and agrees to
     assist GAMM in obtaining patents, copyrights and any other available legal
     protection for the Products.
17.  Services required of Employee under this Agreement shall be performed in a
     diligent and competent manner and shall be subject to review and inspection
     by GAMM through his/her designated agents at all reasonable times.
18.  The failure of GAMM at any time to insist upon a strict performance of any
     of the terms, conditions and covenants herein shall not be deemed a waiver
     of any subsequent breach or default in the terms, conditions and covenants
     herein contained.
19.  This Agreement contains all the terms and conditions agreed upon by the
     parties hereto and there are no other agreements, oral or otherwise,
     between the parties regarding the subject matter of this Agreement. No
     alterations, changes, modifications or variations of this Agreement or the
     terms thereof shall be valid unless made in writing and signed by both of
     the parties hereto or their duly authorized representatives.
20.  This Agreement shall be construed and enforced in accordance with the laws
     of Florida. Provisions Severable: In case any one or more provisions of
     this Agreement, shall be invalid, illegal or unenforceable in any respect,
     the validity, legality and enforceability of the remaining provisions
     contained herein shall not be affected or impaired thereby.
21.  Headings set forth herein are for the convenience of the parties only and
     are not a part of the Agreement.

22.  Notices: All notices herein shall be in writing. Notices shall be delivered
     personally or by mail, postage prepaid, to the respective addresses noted
     below. Any notice sent by mail, postage prepaid, which is not also
     personally served will be deemed received three (3) days after it is
     mailed. Each party may designate a new address for purposes of this
     Agreement by notice to the other party.



Address of GAMM:                                    Address of Employee:

501 Brickell Key Drive, Suite 03                    888 Brickell Key Drive 1611

Miami FL33131                                       Miami FL33131


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This Agreement shall be binding on the heirs, successors and assigns of each
party hereto. However, it is understood that no assignment of this Agreement
shall be made by either party without the written consent of the other.

23.  Any controversy or claim (other than claims for preliminary injunctive
     relief or other pre-judgment or equitable remedies) arising our of or
     relating to this Agreement, including any controversy or claim as to the
     arbitrability of any controversy or claim and any claim for rescission,
     shall be settled by binding arbitration in Florida, before an arbitrator
     selected by the local chamber of commerce. Should the local chamber of
     commerce refuse to select an arbitrator, the local court shall be
     authorized to do so. Any judgment or award rendered in such arbitration may
     be entered in any court having proper jurisdiction thereof. Each party
     shall bear its own cost of said arbitration.

     BOTH PARTIES HAVE READ AND UNDERSTAND THIS SECTION 22, WHICH DISCUSSES
     ARBITRATION. THE PARTIES UNDERSTAND THAT BY SIGNING THIS AGREEMENT, THEY
     AGREE TO SUBMIT ANY FUTURE CLAIMS ARISING OUT OF RELATING TO, OR IN
     CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY,
     CONSTRUCTION, PERFORMANCE, BREACH, OR TERMINATION THEREOF TO BINDING
     ARBITRATION, AND THAT THIS ARBITRATION CLAUSE CONSTITUTES A WAIVER OF EACH
     PARTIES' RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL
     DISPUTES RELATING TO ALL ASPECTS OF THE RELATIONSHIP BETWEEN EMPLOYEE AND
     GAMM.
24. Merger: This Agreement supersedes any and all other agreements whether
written or oral.

IN WITNESS WHEREOF, THE PARTIES BELOW HAVE ENTERED INTO THIS AGREEMENT EFFECTIVE
THE DATE FIRST SET FORTH ABOVE.




Employee                                                Date




GAMM                                                    Date








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                   GLOBAL ENTERTAINMENT HOLDINGS/EQUITIES INC
                            Non-Disclosure Agreement


RECITALS:

I.   It is acknowledged that Global Entertainment Holdings/Equities Inc ("GAMM")
     wishes to disclose to Bryan Abboud ("the Employee") certain of its
     Confidential Information.

II.  Such Confidential Information is extremely valuable to GAMM

III. GAMM and the Employee hereby set forth their understanding with respect to
     such Confidential Information.

1.   THEREFORE, in consideration of allowing the Employee access to such
     Confidential Information, it is agreed as follows:

2.   Definition of Confidential Information - As used herein, the term
     "Confidential Information" is to be broadly defined and includes, but is
     not limited to, (a) inventions, mask works, ideas, trade secrets,
     processes, techniques, formulas, documentation, source and object code,
     data, programs, know-how, flowcharts, diagrams, drawings, models,
     specifications, improvements, discoveries, developments, designs, and other
     works of authorship, (collectively referred to as "Inventions"), whether
     patented or registered for trademark or copyright protections, if any, (b)
     information regarding marketing, sales, licensing, accounting, product or
     business development, competitive analyses, unpublished financial
     statements, budgets, forecasts, prices, costs, business plans, research and
     development plans, clients, customers, suppliers, and employees, and (c)
     any other information of the type which GAMM or any of its affiliated
     companies has a legal obligation to keep confidential or which GAMM or any
     of its affiliated companies treats, mark or designate as confidential or
     proprietary, whether or not owned or developed by GAMM or its affiliated
     companies. The restrictions contained in this section shall not apply to
     any Confidential Information that (a) in its entirety is a matter of public
     knowledge, (b) is independently developed by a person not a party to this
     Agreement without the use, directly or indirectly, of Information, or (c)
     is required to be disclosed by law or the order of any court or
     governmental agency, or in any litigation or similar proceeding; provided
     that prior to making any such required disclosure, Employee shall notify
     GAMM within sufficient time to permit GAMM to seek an appropriate
     protective order.

3.   OWNERSHIP- The Employee acknowledges that all Confidential Information of
     GAMM is and shall continue to be the exclusive property of GAMM, whether or
     not disclosed to or entrusted by GAMM to the Employee in connection with
     this Agreement.

4.   ACKNOWLEDGMENT OF IRREPARABLE HARM- The Employee acknowledges that any
     disclosure of Confidential Information he/she might make will cause GAMM
     irreparable harm.

5.   COVENANT OF NON-DISCLOSURE- The Employee agrees not to disclose
     Confidential Information of GAMM, directly or indirectly, under any
     circumstances or by any other means, to any third person without the
     express written consent of GAMM. In the event that the Employee is required
     by interrogatories, requests for information or documents, subpoenas, Civil
     Investigative Demand or similar process to disclose the Confidential
     Information or any other information the disclosure of which is restricted
     by the terms of this Agreement, the Employee required to make such
     disclosure shall provide GAMM with prompt prior written notice of such
     requirement so that GAMM may seek an appropriate protective order. If in
     the absence of a protective order, the Employee is nonetheless, in the
     written opinion of his/her counsel, required by law to disclose
     Confidential Information or other information concerning the existing or
     prospective business relationship between GAMM and the Employee, disclosure
     may be made only as to that portion of the Confidential Information or such
     other information which the Employee is seeking to disclose as advised in
     writing by counsel is legally required to be disclosed. The Employee will
     exercise his/her best efforts to obtain assurance that confidential
     treatment will be accorded such Confidential Information.

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6.   COVENANT OF NONUSE- The Employee agrees that Confidential Information is
     provided only for business purposes. The Employee agrees not to copy,
     transmit, summarize, publish or make any commercial or other use whatsoever
     of Confidential Information of GAMM, without the express written consent of
     GAMM.

7.   SAFEGUARD OF CONFIDENTIAL INFORMATION- The Employee agrees to exercise the
     highest degree of care in safeguarding Confidential Information of GAMM
     against loss, theft, or other inadvertent disclosure and agrees generally
     to take all steps necessary to ensure maintenance of confidentiality.

8.   RETURN OF DOCUMENTS- Should the business relationship between GAMM and the
     Employee for any reason or upon written request by either party be
     terminated, the Employee agrees to return to GAMM all records, notes,
     drawings, or other documents of any sort, including any copies thereof,
     that contain Confidential Information of GAMM.

9.   EXCLUSIONS- This Agreement shall not apply to information that is or
     hereafter becomes part of the public domain through no fault of the
     Employee.
10.  The Employee acknowledges that breach of this Agreement will cause
     irreparable harm to GAMM and in that event, in addition to other remedies
     provided by applicable law, GAMM will be entitled to immediate issuance of
     a temporary restraining order or preliminary injunction enforcing this
     Agreement. Employee hereby waives the requirement of the posting of a bond.
11.  NON-WAIVER; SURVIVAL OF CONVENANTS- The waiver of GAMM of a breach of any
     provision of this Agreement shall not operate or be construed as the waiver
     of subsequent breach.

12.  BINDING EFFECT- This Agreement shall be binding upon and shall inure to the
     benefit of GAMM, its heirs, successors, and assigns.

13.  SEVERABLITY- If any provision of this Agreement is invalid or incapable of
     enforcement, for any reason, all other provisions shall remain in full
     force and effect, it being the Employee's intention that his/her conduct
     and obligations be governed, so far as possible, by this Agreement. No
     provision or part thereof shall be deemed dependent on any other part or
     provision, unless so expressed.

14.  DISPUTES - In any litigation arising out of this Agreement, GAMM will be
     entitled to recover all reasonable expenses of litigation, including
     attorney's fees at trial and on any appeal or petition for review. The
     rights and obligations under this Agreement shall in all respects be
     governed by the laws of the State of Florida and venue in any legal action
     shall exist exclusively in the courts of Florida.

15.  DURATION- The obligations set forth in this Agreement will continue for so
     long as the Employee possesses Confidential Information of the other party.

ENTIRE AGREEMENT - THE EMPLOYEE HAS READ AND UNDERSTOOD THIS AGREEMENT AND
AGREES TO BE BOUND BY THE TERMS HEREOF. THIS DOCUMENT IS THE COMPLETE AND
EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN GAMM AND THE EMPLOYEE AS TO THIS
SUBJECT MATTER AND SUPERSEDES ALL PRIOR OR CONTEMPORANEOUS ORAL OR WRITTEN
AGREEMENTS OR OTHER COMMUNICATIONS BETWEEN GAMM AND THE EMPLOYEE WITH RESPECT TO
THE SUBJECT MATTER HEREOF. THIS AGREEMENT MAY NOT BE EXPLAINED OR SUPPLEMENTED
BY A PRIOR OR EXISTING COURSE OF DEALING BY ANY USAGE OF TRADE OR CUSTOM, OR BY
ANY PRIOR PERFORMANCE ON BEHALF OF THE PARTIES PURSUANT TO THIS AGREEMENT OR
OTHERWISE.

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                                    EXHIBIT B
                              COMPENSATION PACKAGE


1. Gross Salary per month shall be US$13,000 payable monthly in arrears.

2. Employee will receive 4 weeks paid vacation per annum, plus three floating US
holidays.

3. GAMM will cover the cost of an agreed upon health insurance scheme.

4. A bonus structure also operates under the terms of this contract. The purpose
   of this detailed bonus structure is to provide balanced performance
   measurement against major business targets, with emphasis placed on those
   targets most important. Significant additional income may be earned under the
   terms of the scheme, provided given targets being achieved.


   Major components:

      1. A bonus cash base that will be paid if all business objectives are met
         at target level on a quarterly basis. The HR and Finance Managers will
         assess the performance from a cumulative, weighted average perspective
         with a submission to the Board of Directors quarterly for a bonus
         allocation.

      2. A series of annual business objectives as set out in the spreadsheet
         attached as Exhibit C. Each business factor has a value of `1',
         therefore, if the target is met precisely then the impact on the bonus
         will be 1 times the weighting factor (see 3 below).

      3. A weighting factor for each business objective - being a number that
         establishes the relative importance of one business objective in
         relation to the others. This is a numeric value applied to each
         objective.

      4. A target of achievement for each business objective - always a numeric
         value

      5. Multiplier factors for each business objective - modify the calculation
         based on actual performance times the achievement target. This operates
         in two ways:

         a) an uplift factor which increases the weighting factor by an amount
            for a defined incremental increase in achieving the target, ig,
            increase the actual weight by 0.25 for ever $50,000 of additional
            profit

         b) a reduction factor which decreases the weighting factor for an
            increment of the target below the objective, eg, subtract 0.25 from
            the weight for each $50,000 of profit below the yearly objective.

      6. The major new developments business objective will be defined as horse
         racing, poker, remote installation project, the downloadable casino, or
         new casino games (one game equals .25 points). If other items fit into
         this category, they will be dealt with on a case-by-case basis.

      7. The profit business objective will not include extraordinary loss items
         which occur outside of the normal lines of business.


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                                    EXHIBIT C
                             BONUS STRUCTURE DETAILS














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                                    EXHIBIT D
                              JOB RESPONSIBILITIES

                CEO - GLOBAL ENTERTAINMENT HOLDINGS/EQUITIES INC
                  PRESIDENT - INTERACTIVE GAMING & WAGERING NV

3   SALES, MARKETING (25%)
      o  Oversee and maintain sales process after lead becomes an opportunity
      o  Meeting with potential clients and developing solutions through
         proposal creation according to clients' needs, desires including
         pricing
      o  Trade show evaluation / participation

Management (24%)

      o  Having formal agenda-based strategy, planning and review meetings with
         the following persons: Nancy, Nicky, Sergio, Kimberly, Todd, James
      o  Having unplanned meetings with, delegating to, solving problems with,
         developing post-sales implementation with the above persons

Strategy & implementing through Business Development (20%)

      o  Create, maintain and deliver company strategy throughout the
         organization
      o  This will include: working with new casino and sportsbook development
         direction, aligning the company with strategic partners, M&A
      o  Maintain current Executive summaries for managerial dissemination
         quarterly

Finance (12%)
      o  Balancing cash flow and resource allocation - make decisions on what we
         can and cannot spend where
      o  Raising additional funds. Meeting with investors, communicating our
         strategic direction, selling them on the management, software services,
         etc.
      o  Creating and meeting budget proformas
o        Evaluating how to cut costs or increase revenue to stay in line

Investor / Public / Shareholder Relations (10%)
      o  Create, develop and maintain relationship with shareholders through
         Communications Strategy
      o  Ensure accurate and timely information is regularly disseminated to the
         current shareholder base and
      o  Key press contact in response to article or radio interviews
      o  Approve and review press releases about newsworthy events company wide
      o  Speaker at conferences

Other (5%)
      o  Board member of the IGC - involvement in offline subcommittees to
         resolve industry wide issues
      o  Other email correspondence that does not fall under the above
         categories

Legal (4%)
      o  Liaise with all corporate and gaming attorneys
      o  Interaction with SEC attorney on an as needed basis


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