CAI TO OPEN NEW CASINO IN OVALLE, CHILE

For immediate release

Vienna/Ovalle, 12 August 2008 --- Casinos Austria International (CAI) today announced that it has been awarded the concession for the new casino in the central Chilean town of Ovalle. The announcement followed yesterday's decision by the country's gaming board (Superintendencia de Casinos de Juego) on the operators for Chile's final three casinos.

Following the successful opening of Gran Casino Los Angeles in July of this year, the new casino in Ovalle will be Casinos Austria International's second casino in Chile and will open in early 2011. In addition to a spacious gaming floor with 7 tables and 100 slot machines, plans for the new complex include 3 restaurants, a 4-star hotel with 60 rooms and state-of-the-art conference facilities. Total investment in the project will be approximately US$ 18 million.

"We are delighted to have been awarded the concession for the new casino in Ovalle," said Paul Herzfeld, CEO of Casinos Austria International. "Chile has one of the most stable and prosperous economies in South America, and we are looking forward to building on our experience in Los Angeles in this exciting new project."

Ovalle is an important agricultural center some 500 km north of Santiago in Chile's IV. Region and is the capital of Limari Province. Casinos Austria Internationals integrity, know-how and extensive experience as an international casino operator were key factors in the selection of the Austrian bid.

About Casinos Austria International
Founded in 1977, Casinos Austria International is a leading player in the international casino industry. As of August 2008, CAI and its parent company, Casinos Austria AG, operated 79 casinos in 18 countries and on board 13 cruise liners, including 6 casinos in South America Gran Casino Los Angeles in Chile and Casino Salta, Boulevard Casino, Golden Dreams Casino, Casino Oran and Casino Las Leñas in Argentina. In 2007, the Casinos Austria Group posted 1.37 billion euro in revenues (win, registered tips, entrance) from its casino sector activities (+9.4%). Together its casinos around the globe welcomed 19.9 million visitors (+4.7%) and employed over 13,200 staff (+25.4%).

For further information, please contact:

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