For immediate release

Vienna, 01.04.2005 --- The first bond issued by Casinos Austria International Holding GmbH (Casinos Austria International) is a resounding success. As a result of huge demand - the bond was more than three times oversubscribed within the first 36 hours - the volume has been increased from EUR 150 million to EUR 180 million. The tenor of this fixed interest rate bond issued under the lead management of Raiffeisen Zentralbank Österreich AG (RZB) is seven years. An application for listing on the Second Regulated Market (Geregelter Freiverkehr) at Vienna Stock Exchange (Wiener Börse) will be filed. The issue price and final interest rate will be fixed immediately prior to the start of the subscription period.

"We are overwhelmed by the success of the Casinos Austria International bond", said Paul Herzfeld, CEO of Casinos Austria International. "This is clear confirmation of the trust shown by a wide spread of investors in our strategy for sustainable growth." Josef Leutgeb, CFO of Casinos Austria International commented on the company's plans for the extra funds: "In addition to the financing of our recent acquisition of Spielbanken Niedersachsen GmbH in Germany and the opening of the first and only casino in Brussels, Casinos Austria International will use the remaining proceeds of the bond issue to press forward with our plans to expand our international portfolio of 64 casinos in 16 countries."

Patrick Butler, Member of the Management Board at RZB for Investment Banking and Treasury, added: "We were never in any doubt that this bond issue would be a great success. The strong demand is a clear indication of the excellent reputation enjoyed by our client. It is also further confirmation of the far-reaching placement strength of RZB and the issue consortium."

Casinos Austria International is a subsidiary of the Austrian gaming company Casinos Austria AG. The Casinos Austria International Group evaluates, plans, builds and manages casinos all over the world. Its international network of casino operations (i.e. outside Austria) currently comprises 64 casinos in 16 different countries. 13 of these casinos are to be found on board luxury cruise liners. In 2004, Casinos Austria International's casino operations posted revenues of EUR 704 million and an EBITDA of EUR 23.6 million.

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For further information, please contact:

Hermann Pamminger
Head of Corporate Relations and Customer Care
Phone: +43 1 534 40 524
E-mail: hermann.pamminger@casinos.at

The above photo was taken at the press conference announcing the Casinos Austria International bond held on 30 March 2005.