11 May 2014

                         Negotiations to Invest in CHL

Queenco Leisure International Ltd. (the "Company"), the emerging markets
entertainment center and casino developer and operator, today announces that
the board of directors of Powerbrook Spain Ltd. ("PBS"), has authorized a
representative of the Company and a representative of the Club Hotel group (a
group under the direct and indirect control of Mr. Moshe Bublil), to negotiate
with the minority shareholder of Club Hotel Loutraki S.A. ("CHL") an investment
by such minority shareholder in CHL.

1. According to the negotiations conducted these days, the principle terms of
the investment as currently contemplated are as follows: (a) the minority
shareholder of CHL (the "Investor") shall invest in CHL, through a new special
purpose company under its management ("SPV"), a total amount of approximately
Euro 30 million; (b) in consideration for such investment, CHL shall issue to
the SPV shares constituting approximately 40% of CHL's issued and outstanding
share capital after the issuance, reflecting a post money valuation of CHL of
Euro 75 million; (c) after the investment, if consummated, PBS's holdings in
CHL shall be diluted from 78% to 47%; (d) CHL's shareholders shall enter into a
shareholders agreement expected to grant the Investor a majority in CHL's board
of directors.

2. As part of PBS's board resolution noted above, it was further resolved that
if the above investment is consummated, PBS and the corporations jointly held
by the Company and Club Hotel shall act to distribute Euro 2.7 million from PBS
to each of the Company and Club Hotel. It is clarified that these amounts
constitute some of the funds that were not distributed in view of the
disagreement and deadlock between the Company and the Club Hotel group.

The Company would like to clarify that there is no assurance that the above
negotiations shall result in a binding transaction and/or that the investment
in CHL shall be consummated as described above or under any other terms.

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


PBS is a foreign corporation through which the Company and the Club Hotel group
indirectly hold Club Hotel Loutraki S.A., the operator of a casino and hotel in
Loutraki, Greece and a casino in Belgrade, Serbia.

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

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