CAI to open new casino in Ovalle, Chile

Superintendencia de Casinos de Juego in Santiago awards concession for the central Chilean town of Ovalle to CAI

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 late 2009/early 2010. In addition to a spacious gaming floor with 8 tables and 180 slot machines, plans for the new complex include a 4-star hotel with 40 rooms, a top-class restaurant and state-of-the-art conference facilities. Total investment in the project will be approximately USD 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.