BURNABY, BRITISH COLUMBIA--(Marketwire - Sept. 19, 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 further extended. In continued 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amount of debentures (the "Offer") will now be open for acceptance until October 24, 2007, unless further extended or withdrawn.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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