PCT No. PCT/RU95/00241 Sec. 371 Date Jan. 27, 1998 Sec. 102(e) Date Jan. 27, 1998 PCT Filed Nov. 10, 1995 PCT Pub. No. WO97/05557 PCT Pub. Date Feb. 13, 1997An electronic gaming system is disclosed that includes a central computer station, a plurality of peripheral computer stations, and a data exchange network for coupling the peripheral computer stations to the central computer station. The central computer station includes an administrative subsystem, a player's registration subsystem, a game accounts managing subsystem, an information tabulating, storing and searching subsystem, a game recording subsystem, a scoring subsystem, a wagering and betting subsystem, an executive gaming subsystem, an electronic payment subsystem, an information protection subsystem, a secure communications subsystem, and a game selection subsystem. Each of the peripheral computer stations include a subsystem for admitting and registering players with the central computer station and a gaming interface subsystem. To ensure security of the electronic gaming system, a player seeking to enter the system transmits an encoded message from their peripheral computer station to the central computer station that includes a set of key attributes associated with the player. The central computer station decodes and compares the transmitted set of key attributes with individual information previously stored in the information protection subsystem in order to identify each player during registration based upon the set of key attributes transmitted by each player. The system may automatically control money transactions with each player's bank accounts based upon the player's scoring and wagers in each selected game.