QUEENCO LEISURE : Consummation of Tender Offer by (Y.Z) Queenco Ltd

28 November 2014

                      Queenco Leisure International Ltd.

              Consummation of Tender Offer by (Y.Z) Queenco Ltd.

Queenco Leisure International Ltd., the emerging markets entertainment center
and casino developer and operator (the "Company" or "QLI"), announced today
that it has been informed by (Y.Z) Queenco Ltd. ("YZ" or the "Offeror"), which
holds, together with a wholly owned subsidiary thereof, an aggregate of
approximately 36.7 per cent of the Company's issued and outstanding share
capital, that all of the conditions to the consummation of the Offeror'stender
offer for all of the issued and outstanding share capital of QLI not held by YZ
or its wholly owned subsidiary (the "Offer") were met as follows:

 1. On 26 November 2014, the Offeror accepted the tender of 717,724,755
    ordinary shares of the Company ("Shares") out of an aggregate of
    718,959,368 Shares, including Shares represented by GDRs, not held by the
    Offeror or its wholly owned subsidiary, representing 99.83% of the Shares
    underlying the Offer (and, in accordance with Israeli law, the Offerorhas
    acquired the remaining 1,234,643 Shares that were not tendered in the Offer
    in a compulsory acquisition).

 2. On 27 November 2014, the general meeting of the Offeror's shareholders
    approved the consummation of the Offer in accordance with the requirements
    under Israeli law.

 3. On 27 November 2014 the Israeli Tax Authority issued its ruling with
    respect to the Offer.

Upon consummation of the Offer, the Company has become directly and indirectly
wholly owned by the Offeror and its GDRs will be delisted from the London Stock
Exchange on or about Monday December 1, 2014.

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

Queenco Leisure International Ltd.

Guy Sigura,General Counsel. T: [phone]