Document:

EXHIBIT 10.2

                              CONSULTING AGREEMENT

      This Consulting Agreement (the "Agreement") is made and entered into as of
March  14,  2005 by and  between  Gaming &  Entertainment  Group,  Inc.,  a Utah
corporation  ("Company")  and Peter  Bengtsson  ("Consultant").  The Company and
Consultant are collectively referred to herein as the "Parties".

                                    RECITALS

      WHEREAS,  the Company is in the  business of offering  server based gaming
technology  for land-based  gaming  operations,  development of Internet  gaming
sites in the regulated Internet gaming market, and software game development;

      WHEREAS,  the  Consultant  has  extensive  knowledge of the online  gaming
industry,   and  has  significant  experience  in  the  development  of  images,
components,  renderings,  casinos,  scenes, chips, buttons, reel strips, tables,
cards, sounds,  music,  animations,  and 2D & 3D models of games,  including all
game mathematical calculations relating thereto; and

      WHEREAS,  Company  desires to retain  Consultant  to perform the  services
described  herein,  and  Consultant  desires to be  retained  by  Company,  as a
consultant pursuant to the terms and conditions of this Agreement.

      NOW,  THEREFORE,  in  consideration  of the mutual  promises,  agreements,
covenants,   understandings,   undertakings,   representations   and  warranties
hereinafter set forth and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, Company and Consultant covenant
and agree as follows:

1. ENGAGEMENT OF CONSULTANT.

Subject  to the terms and  pursuant  to the  conditions  hereinafter  set forth,
Company hereby engages and retains Consultant as an independent consultant,  and
Consultant   hereby  accepts  and  agrees  to  such  engagement  and  retention.
Consultant  shall  consist  of two  (2)  individuals  providing  the  consulting
services  described in Section 2 below on a full-time  (i.e., 40 hours per week)
basis.

2. DESCRIPTION OF SERVICES; WORK FOR HIRE; TRAVEL.

(a)  Services.  Throughout  the  Term  (as  defined  below)  of this  Agreement,
Consultant  shall  develop,  as specified by the  Company,  images,  components,
renderings, casinos, scenes, chips, buttons, reel strips, tables, cards, sounds,
music, animations,  and 2D & 3D models of games, including all game mathematical
calculations  relating thereto, as well as documentation,  manuals, and teaching
materials  for  the  Company's   Internet,   wireless  and   land-based   gaming
initiatives.  All of the  foregoing  will be deemed  "Work  Product",  and shall
include  the  work of  Consultant's  employees,  associates,  or  subcontractors
assisting in creating the Work Product within the scope of this  Agreement,  and
as  specified  by  the  Company,  whether  or  not  copyrightable  or  otherwise
protectable.

(b) Work For  Hire.  Consultant  agrees  that  Work  Product  created  solely by
Consultant,   including  its  employees,   associates,   or  subcontractors  (if
applicable), arising from work specified by the Company and performed hereunder,
shall be deemed "work made for hire." Consultant shall cause all of its

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employees,  associates, or subcontractors assisting in creating the Work Product
to execute a similar  acknowledgement  that the Work Product is a "work made for
hire".  Consultant  and  all of its  employees,  associates,  or  subcontractors
assisting  in creating  the Work  Product  shall  execute all such  assignments,
oaths,  declarations,  and other  documents as may be prepared by the Company to
effect the foregoing.

(c) Travel.  Consultant  may be  required,  from time to time,  to travel to the
offices of the Company from time to time,  including to London,  United Kingdom,
Las Vegas,  Nevada, and Sydney,  Australia.  All business travel required of the
Consultant shall be paid for by the Company.

3. TERM.

This  Agreement  shall  commence  effective as of the date of this Agreement and
extend for a period of two (2) years (the "Term"),  with six (6) month renewable
options thereafter upon the mutual written consent of the Parties.

4. COMPENSATION.

(a) For and in  consideration of Consultant's  full and faithful  performance of
all of its  obligations  and duties under this  Agreement,  Company shall pay to
Consultant,  during  the Term,  the sum of  US$12,000  per  month,  payable on a
monthly basis in arrears, on the 1st day of each month, via wire transfer.

(b) In addition  to the  foregoing,  the Company  agrees to pay in advance or to
reimburse  Consultant  for all  reasonable  expenses  incurred by  Consultant in
connection  with the  performance  of  Consultants  Services.  Any  expenses for
travel,  entertainment  or general  business  purposes in excess of US$250 shall
first be  approved  by the  Company,  which  approval  may be given  orally,  in
writing, or by e-mail.

5. INDEPENDENT CONTRACTOR.

Consultant is entering into this Agreement and in the  performance of his duties
hereunder  as an  independent  contractor.  No  term  or  condition  under  this
Agreement  nor any  manner or method  of  payment  hereunder  shall  create  any
relationship  between  Company and  Consultant  other than as  expressed in this
Section  5.  Consultant  shall  not in  any  way,  at any  time,  or  under  any
circumstances  be,  or be  construed  to be,  an  officer,  director,  employee,
partner, or joint venturer of Company.

6. TAXES.

Consultant  shall be solely  responsible for and shall pay when due all federal,
state,  and  local  income  taxes  and other  taxes  due on its  behalf  for any
compensation  or benefit  received  under  this  Agreement,  including,  without
limitation, all withholding taxes,  superannuation and any worker's compensation
premiums.

7. INDEMNIFICATION.

Company  agrees to indemnify and hold harmless  Consultant to the fullest extent
allowed  by  applicable  law  from  any and all  liabilities,  losses,  damages,
payments,  costs or expenses  (including  attorneys  fees and costs) of any kind
whatsoever, which may be imposed on, incurred by, or asserted against Consultant
as the result of any act or omission in any way  relating to services  performed
by Consultant.  This obligation of the Company to indemnify the Consultant shall
not expire,  shall survive the expiration or termination of this Agreement,  and
shall be binding upon the Company without regard to the passage of time or other
events  regardless  of when such claims or  liabilities  may be imposed  against
Consultant.

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8. CONFIDENTIALITY.

Consultant acknowledges that his advisory and consulting services will bring him
into close  contact with many  confidential  affairs of the  Company,  including
matters of a technical nature,  such as "know how," formulae,  secret processes,
litigations,  research  projects,  and  matters  of a business  nature,  such as
information about costs, profits,  markets, sales, employees,  other information
of a similar nature to the extent not available to the public,  plans for future
developments and any other  information that constitutes a "trade secret" of the
Company under the Uniform Trade  Secrets Act (the  "Confidential  Information").
Consultant  agrees to keep secret and not to use for  purposes  unrelated to the
Company all  Confidential  Information  of the  Company,  including  information
received in  confidence  by the  Company  from others and agrees not to disclose
Confidential Information to anyone outside the Company except as required in the
course of his consulting capacity,  either during or after his Term of Agreement
with the Company.  Consultant  further agrees to deliver promptly to the Company
on termination of his Consulting  Agreement with the Company,  or at any time it
may so  request,  all  computerized  information  or  disks,  memoranda,  notes,
records, manuals, drawings, blueprints and any other documents of a confidential
nature belonging to the Company,  including all copies of such materials,  which
Consultant may then possess or have under his control.

9. TERMINATION OF THE AGREEMENT.

This Agreement shall  automatically  terminate upon the occurrence of any of the
following:

(i) Upon the expiration of the Term; or

(ii) Upon the death or disability of Consultant.

10. GENERAL PROVISIONS.

(a)  Recitals.  The  recitals  set  forth  above  are true and  correct  and are
incorporated herein.

(b) Effect of Waiver. The waiver by either party of a breach of any provision of
this  Agreement  shall not operate or be construed as a waiver of any subsequent
breach thereof.

(c) Attorney's Fees; Binding  Arbitration.  Consultant and Company agree that in
the  event  of a  dispute,  arbitration  by  either  party  in  any  dispute  or
arbitration concerning this Agreement, the losing party shall pay the prevailing
party's reasonable attorney's fees in that dispute or arbitration.

(d)  Notice.  Any and all  notices  required  under this  Agreement  shall be in
writing and shall be either (I) hand-delivered; (ii) mailed, first-class postage
prepaid,  certified mail,  return receipt  requested;  or (iii) delivered via an
international recognized overnight courier service, addressed to:

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         Company:         Gaming & Entertainment Group, Inc.
                          6757 Spencer St.
                          Las Vegas, NV 89119
                          Facsimile: 702.407.2472
                          Attn: Gregory L. Hrncir

         Consultant:      Peter Bengtsson
                          Tallhojden Telestad
                          SE-355 91, Vaxjo, Sweden
                          Facsimile: +46(0) 470 764 456
                          Attn: Peter Bengsston

All notices  hand-delivered  shall be deemed delivered when actually  delivered.
All notices mailed or delivered via overnight  courier shall be deemed delivered
as of three (3) business days after the date  postmarked or officially  received
by overnight carrier. Any changes in any of the addresses listed herein shall be
made by notice.

(e) Assignment. The rights, benefits and obligations of the parties hereto under
this Agreement shall not be assignable  without the prior written consent of the
non-assigning party, which consent may be withheld in the non-assigning  party's
sole and absolute  discretion.  Notwithstanding  the  foregoing,  this Agreement
shall be binding on the heirs, successors and assigns of the parties hereto.

(f) Amendment.  No amendment or  modification  of this Agreement shall be deemed
effective unless and until it is executed in writing by both the Company and the
Consultant.

(g)  Severability.  It is  mutually  agreed  that all of the  terms,  covenants,
provisions and agreements  contained herein are severable and that, in the event
any of them shall be held to be invalid by any competent  court,  this Agreement
shall be interpreted as if such invalid term,  covenant,  provision or agreement
were not contained herein.

(h) Governing Law.; Binding Arbitration. This Agreement shall be governed by and
construed in accordance  with the laws of the State of Nevada,  United States of
America,  in effect on the date of this Agreement without resort to any conflict
of laws  principles  Any and  all  disputes,  controversies,  claims,  or  other
disagreements  arising  out of or relating  to this  Agreement  or the actual or
alleged  breach  thereof shall be settled via binding  arbitration in accordance
with rules of the American  Arbitration  Association.  The arbitration  shall be
held in Las Vegas,  Nevada and shall be conducted  under and in accordance  with
the American Arbitration  Association Rules. Such arbitration shall be conducted
in English and will be conducted on  confidential  basis in accordance  with the
terms of the Agreement.

(i) Entire Agreement.  This Agreement  contains the entire agreement between the
parties,  and the parties  hereby  agree that no other oral  representations  or
agreements have been entered into in connection with this transaction.

(j)  Counterparts.  This  Agreement  may be executed at  different  times and in
multiple  counterparts,  each of which shall be deemed an  original,  but all of
which together shall constitute one and the same instrument.

(k)  Neutral  Interpretation.  The  provisions  contained  herein  shall  not be
construed  in favor of or against  any party  because  that party or its counsel
drafted this Agreement,  but shall be construed as if all parties  prepared this
Agreement, and any rules of construction to the contrary are hereby specifically
waived.  The terms of this  Agreement  were  negotiated  at arm's  length by the
parties hereto.

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      IN WITNESS WHEREOF,  the parties hereto have executed this Agreement as of
the date first written above.

COMPANY:                                    CONSULTANT:

GAMING & ENTERTAINMENT GROUP, INC.          PETER BENGTSSON

/s/ Tibor N. Vertes                         By: /s/ Peter Bengtsson
-------------------------------                 -----------------------------
Chief Executive Officer

                                        5EXHIBIT 10.3

NEITHER  THIS  WARRANT  NOR THE  UNDERLYING  SHARES  OF COMMON  STOCK  HAVE BEEN
REGISTERED  UNDER THE SECURITIES  ACT OF 1933, AS AMENDED (THE "ACT"),  OR UNDER
ANY  STATE  SECURITIES  LAWS.  ANY  OFFER  TO SELL OR  TRANSFER,  OR THE SALE OR
TRANSFER  OF THESE  SECURITIES  IS  UNLAWFUL  UNLESS  (A) THERE IS AN  EFFECTIVE
REGISTRATION  STATEMENT COVERING THE UNDERLYING SHARES OF COMMON STOCK UNDER THE
ACT AND APPLICABLE  STATE SECURITIES LAW, (B) THE COMPANY RECEIVES AN OPINION OF
COUNSEL IN FORM,  SUBSTANCE AND SCOPE REASONABLY  ACCEPTABLE TO THE COMPANY THAT
REGISTRATION IS NOT REQUIRED UNDER THE ACT AND ANY APPLICABLE  STATE  SECURITIES
LAW, OR (C) THE TRANSFER IS MADE PURSUANT TO RULE 144 AS  PROMULGATED  UNDER THE
ACT.

                          COMMON STOCK PURCHASE WARRANT

                                       OF
                       GAMING & ENTERTAINMENT GROUP, INC.

      THIS  IS  TO  CERTIFY  THAT,  FOR  VALUE  RECEIVED,  Peter  Bengtsson,  or
registered  assigns  ("Holder"),  is  entitled  to  purchase,   subject  to  the
provisions  of this Common Stock  Purchase  Warrant  ("Warrant"),  from Gaming &
Entertainment Group, Inc., a Utah corporation ("Company"), FIVE HUNDRED THOUSAND
(500,000) shares of common stock, $.01 par value ("Warrant Shares"),  at a price
of US$0.40 per share ("Exercise Price").

      1. EXERCISE OF WARRANT;  ASSIGNMENT;  WARRANT EXCHANGE. The Warrant may be
exercised  in whole or in part at any time  commencing  on the date  hereof  and
expiring  on the close of business on the third  anniversary  hereof  ("Exercise
Term"), or if such day is a day on which banking  institutions are authorized by
law to close then on the next succeeding business, by presentation and surrender
of the Warrant at the Company's  principal  office or at the office of its stock
transfer agent, along with the Notice of Exercise (attached hereto as Exhibit A)
duly executed and accompanied by payment of the Exercise Price for the number of
shares of Warrant  Shares  specified  in such  form.  If the  Warrant  should be
exercised  in part,  the  Company  shall,  upon  surrender  of the  Warrant  for
cancellation and presentment of a duly executed Notice of Exercise,  execute and
deliver a new Warrant, or Warrants, as the case may be, evidencing the rights of
the  Holder  thereof to  purchase  the  balance of the shares of Warrant  Shares
purchasable  hereunder.  Upon receipt by the Company of a Warrant at its office,
or by the stock transfer agent of the Company at its office,  in proper form for
exercise and  accompanied by the  appropriate  payment for the shares of Warrant
Shares,  the Holder  shall be deemed to be the holder of record of the number of
shares of  Warrant  Shares  set forth  therein,  notwithstanding  that the stock
transfer  books  of the  Company  shall  then be  closed  or  that  certificates
representing such shares of Warrant Shares shall not then be actually  delivered
to the Holder.  This Warrant may be assigned in whole or in part by presentation
and surrender of the Warrant at the Company's  principal office or at the office
of its stock  transfer  agent,  along  with the Notice of  Assignment  (attached
hereto as Exhibit B) duly  executed and clearly  stating the names and addresses
of the Assignee(s).

      2. RESERVATION OF WARRANT SHARES;  REGISTRATION RIGHTS. The Company hereby
agrees that at all times there shall be reserved for issuance and delivery  upon
exercise of the Warrant,  such number of Warrant Shares as shall be required for
issuance and delivery upon exercise of the Warrant.  The Company  further agrees
that all  Warrant  Shares  issued  upon  exercise of this  Warrant  shall,  upon
issuance and payment of the Exercise Price,  be validly  issued,  fully paid and
non-assessable  and free from all taxes,  liens and  charges.  Holder shall have
unlimited piggy-back registration rights with respect to the Warrant Shares.

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      3.  FRACTIONAL  SHARES.  No  fractional  shares,  or  script  representing
fractional  shares,  shall be issued  upon the  exercise  of this  Warrant.  Any
fractional  shares that might  otherwise be issued upon exercise of this Warrant
shall be rounded to the nearest whole share.

      4. RIGHTS OF THE HOLDER.  Prior to exercising or exchanging  this Warrant,
the Holder shall not be entitled to any rights of a stockholder  in the Company,
either at law or in equity; provided, however, to the extent Holder is otherwise
a stockholder  of the Company,  Holder shall have all rights  afforded to common
stockholders  of the  Company.  The rights of the  Holder  are  limited to those
expressed in this Warrant and are not enforceable  against the Company except as
otherwise provided herein.

      5. ADJUSTMENTS UPON CHANGES IN  CAPITALIZATION.  Upon occurrence of any of
the  following,  the Exercise  Price and the number of shares of Warrant  Shares
issuable upon exercise of this Warrant shall be adjusted as follows:

            If at any time after the date hereof the number of shares of Company
      common stock  ("Common  Stock")  issued and  outstanding is increased by a
      stock  dividend  payable in shares of Common Stock or by a subdivision  of
      shares of Common Stock, then, on the record date of such stock dividend or
      subdivision,  the Exercise Price shall be appropriately  decreased and the
      number of shares of Warrant Shares  issuable upon exercise of this Warrant
      shall be appropriately  increased in proportion to such increase of issued
      and outstanding shares of Common Stock of the Company.

            If at any time after the date  hereof the number of shares of Common
      Stock issued and  outstanding  is  decreased by a merger,  reorganization,
      reverse  stock split or other form of business  combination,  then, on the
      effective  date of such  merger,  reorganization,  reverse  stock split or
      other  form  of  business   combination,   the  Exercise  Price  shall  be
      appropriately  increased and the number of shares of Warrant  Shares shall
      be  appropriately  decreased in proportion to such decrease of outstanding
      shares of Common Stock of the Company.

            All  calculations  under this Section 5 shall be made to the nearest
      cent or to the nearest whole share, as applicable.

      6. OFFICER'S CERTIFICATE. In the event the Exercise Price or the number of
shares of Warrant  Shares  are  adjusted  as  provided  in Section 5 above,  the
Company shall  forthwith  file with its Secretary at its principal  office,  and
with its stock  transfer  agent an  officer's  certificate  (the  "Certificate")
showing  the  adjusted  number of  shares of  Warrant  Shares  purchasable  upon
exercise of this Warrant and the adjusted  Exercise Price. The Certificate shall
set forth in  reasonable  detail all facts  necessary to show the reason for and
the manner of computing such adjustments. The Holder shall make each Certificate
available for  inspection and the Company shall  forward,  by certified  mail, a
copy of each Certificate to the Holder.

      A calculation of any adjustment as provided by Section 5 above,  evidenced
by a certificate from the Company's  independent  certified  public  accountants
shall be deemed a correct  calculation  of the  adjustment  for purposes of this
Warrant.  The foregoing  presumption shall constitute a rebuttable  presumption,
with the party  disputing  the  calculation  bearing  the burden of proving  the
incorrectness of such calculation.

      During the term of this Warrant,  if the Company shall propose to take any
action that would  result in an  adjustment  to be made as provided in Section 5
above,  the Company shall mail to the Holder,  by certified mail, prior to or no
later than 15 days after the day on which the  adjustment  became  effective,  a
notice setting forth in reasonable detail the terms of the adjustment.

      7. NOTICE. Any notice or other  communication  required or permitted to be
given  hereunder  shall be in  writing  and shall be mailed by  certified  mail,
return receipt  requested,  or delivered  against receipt,  if to the Holder, to
Holder's last known address, and if to the Company, at its principal office. Any
notice or other  communication  given by certified mail shall be deemed given at
the time of  certification  thereof,  except  for a notice  changing  a  party's
address which shall be deemed given at the time of receipt thereof.

      8. BINDING  EFFECT.  The  provisions of this Warrant shall be binding upon
and inure to the benefit of (a) the parties hereto, (b) the successors and

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assigns of the Company, (c) if the Holder is a corporation, partnership, limited
liability  company,  or other form of entity,  the successors and assigns of the
Holder,  and (d) if the Holder is a natural person,  the assignees,  heirs,  and
personal representative(s) of the Holder.

      9. PRONOUNS.  Any masculine  personal pronoun shall mean the corresponding
feminine or neuter personal pronoun, as the context requires.

      10.  GOVERNING  LAW.  This Warrant  shall be governed by and  construed in
accordance with the laws of the State of Nevada.

      11. TITLES AND CAPTIONS.  All section titles or captions contained in this
Warrant are for convenience only and shall not be deemed part of the context and
shall not affect the interpretation of this Warrant.

      12.  COMPUTATION OF TIME. In computing any period of time pursuant to this
Warrant,  the day of the act, event or default from which the designated  period
of time begins to run shall be included,  unless it is a Saturday,  Sunday, or a
legal  holiday,  in which  event the period  shall  begin to run on the next day
which is not a Saturday, Sunday, or legal holiday.

      13. PRESUMPTION. This Warrant shall not be construed against any party due
to the fact that said party drafted the Warrant, or any section herein.

      14.  PARTIES IN INTEREST.  Nothing  herein shall be construed to be to the
benefit of any third party,  nor is it intended that any provision  shall be for
the benefit of any third party.

      Dated: March 14, 2005

                                        Gaming & Entertainment Group, Inc.,
                                        A Utah corporation

                                        By: /s/ Tibor N. Vertes
                                            ----------------------------------
                                            Tibor N. Vertes
                                            Chief Executive Officer

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                                    EXHIBIT A

                               NOTICE OF EXERCISE

Gaming & Entertainment Group, Inc.
6757 Spencer St.
Las Vegas, NV 89119

Ladies and Gentlemen:

      The undersigned ("Holder"),  pursuant to the terms of the attached Warrant
to Purchase Common Stock ("Warrant"),  hereby irrevocably  exercises the Warrant
and  purchases  (_______)  shares of common  stock  (the  "Warrant  Shares ") by
providing payment for such shares of Warrant Shares in the amount of ($ ).

      By executing this Notice of Exercise,  the Holder  warrants and represents
that the shares of Warrant  Shares are being  acquired as an investment  and not
with a view to, or for sale in connection  with, a distribution of the shares of
Warrant  Shares,  as such term is defined under the  Securities  Act of 1933, as
amended.

Dated: ________________________

Signature Guaranteed               Signature:_________________________________
                                   Name:______________________________________
                                   Title
                                   (if applicable):___________________________
                                   Address:___________________________________
                                   Social Security or Tax Identification
                                   No.:_______________________________________

NOTE:       The  signature  to this Notice of Exercise  must  correspond  in all
            respects with the name as written upon the face of the Warrant.

IMPORTANT:  Signature  guarantee  must be  made by a  participant  of  STAMP  or
            another signature guarantee program acceptable to the Securities and
            Exchange  Commission,  the Securities  Transfer  Association and the
            Transfer Agent of the Company.

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                                    EXHIBIT B

                              NOTICE OF ASSIGNMENT

Gaming & Entertainment Group, Inc.
6757 Spencer St.
Las Vegas, NV 89119

Ladies and Gentlemen:

      FOR VALUE RECEIVED, the undersigned ("Holder"), hereby makes the following
assignment to assignee(s):

Name of Assignee(s)                Address           No. of  Warrant Shares
-------------------                -------           ----------------------

___________________        _______________________   __________________________

___________________        _______________________   __________________________

      If the foregoing  assignment(s)  does(do) not include all of the shares of
Warrant  Shares  comprising  the Warrant,  a new warrant shall be issued for the
number of shares of Warrant  Shares not  assigned  hereunder  in the name of and
delivered to (circle one) (a) the undersigned or (b) , whose address is .

Dated: ________________________

Signature Guaranteed               Signature:_________________________________
                                   Name:______________________________________
                                   Title
                                   (if applicable):___________________________
                                   Address:___________________________________
                                   Social Security or Tax Identification
                                   No.:_______________________________________

NOTE:       The  signature to this Notice of Assignment  must  correspond in all
            respects with the name as written upon the face of the Warrant.

IMPORTANT:  Signature  guarantee  must be  made by a  participant  of  STAMP  or
            another signature guarantee program acceptable to the Securities and
            Exchange  Commission,  the Securities  Transfer  Association and the
            Transfer Agent of the Company.

                                       5

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