Vienna, 25 June 2008 --- Casinos Austria International (CAI) today announced that it has signed a non-binding letter of intent with Diamondhead Casino Corporation (Diamondhead) to form a joint venture partnership to develop, build and operate a destination casino resort in Diamondhead, Mississippi, USA. The joint venture covers a 50-acre area within a 404-acre tract of land owned by Mississippi Gaming Corporation, a wholly-owned subsidiary of Diamondhead.

Largo, Florida (PRNewswire) -- Diamondhead Casino Corporation announced today that it had signed a non-binding Letter of Intent with Casinos Austria International Holding, GMBH, to form a joint venture partnership to develop, build and operate a destination casino resort in Diamondhead, Mississippi. The joint venture would cover fifty acres within a 404-acre tract of land owned by Mississippi Gaming Corporation, a wholly-owned subsidiary of the Company.