Casinos Austria presented its new corporate bond to institutional investors

Founded in 1977, Casinos Austria International is a leading player in the gaming and entertainment sectors in Europe and beyond. CAI currently operates 62 gaming entertainment venues in 16 countries, including 39 land based casinos, 8 cruising casinos and 15 slot parlors.

In recent years, CAI has also considerably extended its product portfolio, for example through the acquisition of a slot parlor and lottery subsidiary in Argentina, the video lottery terminals “mini casinos” it is in the process of launching in Italy and the establishment of the internet gaming portal Caigames.com. These activities have been complemented by several new and strategically significant projects in Brussels (VIAGE Entertainment Center), Hanover (RP5) and Glasgow (The Corinthian Club), which all combine a range of different casino and entertainment options.

CAI views the tremendous momentum and dynamics on the international marketplace as a challenge: “We see these developments as a great opportunity for our company and want to continue our growth in targeted sectors. Our latest investments mark the successful completion of a significant cycle of expansion,” confirmed CEO Paul Herzfeld.

To refinance its investments, Casinos Austria International is issuing a public corporate bond with a subscription period from 1 to 5 July 2010. “Casinos Austria International will use the proceeds of this bond issue to optimize its repayment profile and create opportunities for growth through new venues and innovative products,” explained CFO Josef Leutgeb.

Raiffeisen Zentralbank, who served as lead manager for the successful issue of the three times oversubscribed CAI bond in 2005, will also act as lead manager for this new bond issue.

Summary of Terms and Conditions:

Issuer: Casinos Austria International Holding GmbH
Volume issued: Nominal value EUR 120,000,000 with optional increase to up to EUR 150,000,000
Denomination: Nominal value EUR 1,000
Coupon: 5 % p.a.
Issue price: To be fixed and published prior to the start of the subscription period
Tenor: 7 years (due on maturity)
Subscription period: 1 – 5 July 2010
Value date: 8 July 2010
Final maturity: 8 July 2017 at par
Paying agent: Raiffeisen Zentralbank Österreich AG
Stock exchange listing: Notice will be submitted to the Second Regulated Market on the Vienna Stock Exchange
ISIN: AT0000A0JE42

Orders can be placed with Raiffeisen Zentralbank Österreich AG and all other Austrian financial institutions.