07 October 2014

          Negotiating a settlement regarding Casino Austria's Option

Queenco Leisure International Ltd. (the "Company"), the emerging markets
entertainment center and casino developer and operator, announces today,
regarding the right of the Company and Club Hotel Investments (C.H.) Ltd. (the
"Club Hotel"), through a chain of Israeli and foreign companies (the "Group's
Corporations") held by them, to receive EUR 49.5 million (the "Original
Consideration") as resulted from the exercise of a put option granted by
Casinos Austria International Holdings GmbH (the "Casino Austria") to Vasanta
Holdings Ltd. ("Vasanta"), one of the Group's Corporations, and which is under
dispute between Casino Austria and Vasanta (the "Put Option"), that it has
received information on advanced negotiations which are carried out between
Vasanta and Casino Austria regarding the Put Option. The negotiations, on
Vasanta's behalf, are led by Mr. Moshe Bublil according to the settlement
agreement between the Company and Club Hotel (For further information please
see the Company's report dated 1 July 2014) (the "Settlement Agreement").

According to information received by the Company, PowerBrook Spain S.L (the "
PBS") will be entitled to a substantial consideration which has not been agreed
upon yet and will be lower than the Original Consideration. Furthermore,
according to the current layout of the transaction, Casinos Austria will assign
to a related party of Agastia Holdings Ltd. the rights in PBS to be granted to
Casinos Austria under the Put Option agreement.

QLI, in accordance with its holdings (via related and daughter companies), is
entitled to approximately 46% of the free cash flow to be received in PBS for
this transaction, all in accordance with the distribution mechanisms set in the
Settlement Agreement.

The Company wishes to clarify that the negotiations are in a non-binding draft
exchange stage, and that there is no certainty that the negotiations will
result in a binding transaction, within the aforementioned structure or any
other, nor it is possible to evaluate the chances of such negotiations.

Queenco Leisure International Ltd.

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

Queenco Leisure International Ltd.

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


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