05 November 2014

            Settlement Agreement regarding Casino Austria's Option

Queenco Leisure International Ltd. (the "Company"), the emerging markets
entertainment center and casino developer and operator, announces, following
its previous report of 7 October 2014 regarding negotiation carried out
concerning a put option of Casinos Austria International Holdings GmbH ("
Casinos Austria"), that on 4 November 2014 Vasanta Holdings Ltd. ("Vasanta"),
Agastia Holdings Ltd. ("Agastia"), Casinos Austria, Casinos Austria (Greece)
GmbH ("Casinos Austria Greece") and Powerbrook Spain S.L ("PBS") entered into a
settlement agreement, which settles the parties' disputes regarding PBS's right
to receive EUR 49.5 million as resulted from the exercise of a put option
granted by Casinos Austria International to Vasanta in 2008 ("Put Option" and "
Settlement Agreement", respectively).

The Settlement Agreement provides that Casino Austria shall pay PBS an amount
of EUR 30.6 million ("Agreed Consideration") against the issuance of 11.75% of
the issued and paid share capital of PBS ("Equity Interests") to Casino
Austria. Upon the execution of the Settlement Agreement, Casino Austria paid to
PBS an amount of EUR 10.6 million out of the Agreed Consideration. Under the
Settlement Agreement, Casino Austria has undertaken to pay to PBS the balance
of the Agreed Consideration not later than 31 March 2015.

Simultaneously to the execution of the Settlement Agreement, the following
three supplementary agreements were executed as well:

 1. An agreement for the assignment and sale of the Equity Interests from
    Casino Austria to Agastia in consideration for an amount of EUR 0.6 million
    to be paid to Casino Austria;

 2. An agreement for the purchase of the entire shareholdings of Casinos
    Austria Greece in PBS (12.5% of the issued and paid share capital of PBS)
    by Agastia in consideration of an amount of EUR 0.6 million;

 3. An agreement for the waiver of Casino Austria's right to receive an amount
    of EUR 5.25 million, which right might have arisen to it as a result of
    exercising the Put Option, in consideration of an amount of EUR 2.55
    million to be paid by PBS to Casinos Austria Greece.

After the completion of the agreements, Agastia is expected to hold 100% of the
issued and paid share capital of PBS.

The Company is expected to immediately receive an amount of EUR 3.3 million out
of the Agreed Consideration, and an additional amount of EUR 2 million on 1
December 2014. In addition, the Company expects to receive an additional amount
of EUR 7 million, close after the receipt of the balance of Agreed
Consideration by PBS, which is expected to take place not later than 31 March
2015 (Approximately EUR 12.3 million in total).

PBS intends to immediately transfer an amount of EUR 2 million out of the
consideration received by it to Club Hotel Loutraki S.A on account of capital
increase.

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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