Friday, June 15, 2007

New World Gaming Extends Offer for Gateway Casinos

http://new.marketwire.com/2.0/release.do?id=742602

BURNABY, BRITISH COLUMBIA--(Marketwire - June 15, 2007) - Gateway Casinos Income Fund (the "Fund" or "Gateway") (TSX:GCI.UN) and New World Gaming Partners Ltd. ("New World Gaming") announced today that the expiry date for the previously announced offer to acquire all of the outstanding units and 5.35% convertible debentures of the Fund will be extended. In anticipation of the receipt of certain regulatory approvals which are being obtained in the normal course, the offer, at a price of $25.26 per unit in cash and $1,322.51 per $1,000 principal amount of debentures (the "Offer") will now be open for acceptance until July 25, 2007, unless further extended or withdrawn. All other terms and conditions of the Offer described in New World Gaming's offers to purchase and take-over bid circular dated May 8, 2007, remain unchanged.

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