29 May 2014

       Settlement with the Greek Authorities Concerning the Loutraki JV

Queenco Leisure International Ltd. (the "Company"), the emerging markets
entertainment center and casino developer and operator, today announces,
following its report of 22 May, 2014, that it was brought to its attention that
the joint venture of the Municipality of Loutraki and Club Hotel Loutraki S.A.,
which operates Casino Loutraki in Greece (the "JV"), has reached an agreement
to restructure its debt to the Greek authorities such that they shall be paid
over a period of one year (12 monthly payments). To the Company's knowledge,
this new settlement includes monetary obligations incurred between the dates of
1 August 2013 and 30 April 2014, which do not form part of the previous
settlement reported on by the Company on 8 May 2014.

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


רח' מנחם בגין 11 קומה 30 רמת גן, ישראל FLOOR RAMAT-GAN, ISRAEL 11 MENAHEM BEGIN
                                    ST. 30

טל: 03-7566555 פקס: 03-7566500 TEL: 972-3-7566555 FAX: 972-3-7566500