23 September 2014

            Court Judgment in a Tax Appeal Filed by Rhodes Casino S.A

Queenco Leisure International Ltd. (the "Company"), the emerging markets
entertainment center and casino developer and operator, announces that the
Athens Administrative Court of Appeal (the "Court") has handed down its
judgment concerning Rhodes Casino S.A.'s (the "Casino Rhodes ") appeal on a tax
assessment in a total amount of approximately EUR 23 million (including
interest and penalty), which was issued in 2005 with respect to the years
1999-2000 (the "Appeal") (For further information please see the Company's 2013
Annual Report).

The Court upheld partially the Appeal and reduced the sum of the aforesaid tax
assessment set by the Greek tax authorities to approximately EUR 5.4 million
(including interest and penalty), of which an amount of EUR 1.45 million was
deposited by Casino Rhodes, as a guarantee, with the Court when the Appeal was
filed.

As of this date, Casino Rhodes does not have the financial means required to
pay the aforesaid sum (less the deposit). If Casino Rhodes does not meet its
obligation to a consortium of banks, which provided a loan to it, amounted as
of June 30, 2014, to a total of EUR 5.8 million, the Company and /or Y.Z.
Queenco Ltd. (the "Y.Z.") may, jointly and severally, as the guarantors to the
debts of Casino Rhodes to the consortium of banks, be required for the
repayment of the aforesaid payment.

As a result of the judgment, the Company is expected to record an expenditure
of approximately EUR 5.4 million.

The Court's judgment has not been officially served yet to Casino Rhodes and it
is expected to be delivered in the next few weeks. If no other courses of
action are to be found, Casino Rhodes is required to pay the aforesaid final
tax assessment within 60 days as of the date such judgment is served to it.

The managements of the Company and Y.Z., together with Greece legal counsels,
have begun today to consider courses of action. The Company estimates that it
may be possible to enter into a debts rescheduling arrangement in a manner
which will allow Casino Rhodes to meet its obligations while continuing its
current operation.

It is hereby clarified that Casino Rhodes, as well as the Greek tax
authorities, has the right to file an appeal to the Greek Supreme Court, but
such appeal will not delay the execution of the said judgment.

Queenco Leisure International Ltd.

For further information about the Company please visit www.queenco.com or
contact:

Queenco Leisure International Ltd.

Yariv Lerner, Chief Executive Officer          T: +972 3 7566 555


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