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

27 November 2014

                      Queenco Leisure International Ltd.

                 Results 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, of the results of the Offeror'stender offer for up to 718,959,368
ordinary shares of the Company ("Shares"), including Shares represented by
GDRs, representing all of the issued and outstanding share capital of QLI not
held by YZ or its wholly owned subsidiary (the "Offer"). As of the close of
business on 26 November 2014, the expiration of the period for the tender of
Shares, 717,724,755 Shares of the Company,representinga total of 99.83% of the
Shares that were subject of the Offer,were validly tendered. The Offeror did
not purchase any Shares or GDRs of the Company during this period.

Based on the results set forth above, the Offeror has met the required
thresholds under Israeli law to consummate the Offer and acquire all of the
issued and outstanding share capital of QLI not held by the Offeror or its
wholly owned subsidiary.

Consummation of the Offer is subject to approval of the Offeror's shareholders
at an extraordinary general meeting of shareholders to be held today, on 27
November 2014,and receipt of a tax ruling from the Israeli Tax Authority.

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

Queenco Leisure International Ltd.

Yariv Lerner,Chief Executive Officer T: [phone]