RAMAT GAN, Israel, November 19 /PRNewswire-FirstCall/ -- Queenco Leisure International Ltd (LSE: QLI.L) (hereinafter: the "Company"), the emerging markets casino developer and operator, was notified that on 12 November 2008 Avenue Capital Group purchased GDRs in the Company. Consequently, Avenue Capital Group, through four entities, now has 1,897,771 GDRs in the Company (18,977,710 Ordinary shares) representing a total of 5.37% of the issued share capital.

About Queenco Leisure International

Queenco Leisure International Ltd., the emerging markets casino developer and operator, operates and manages casinos and adjacent leisure properties in Greece, the Island of Rhodes, Romania's capital and Serbia. Club Hotel Casino Loutraki, in which the Group has an interest via a joint venture, is believed by the Company to be Greece's leading casino by drop and win with almost one million visits each year, and is located 80 kilometres from Athens. Casino Rodos, the only casino on the island of Rhodes, was recently ranked one of the top ten casinos in Europe. Casino Palace is located in the centre of Bucharest in one of the City's most historic buildings.

Queenco Leisure's shares are traded on the London Stock Exchange under the ticker symbol QLI.L.

    For further information, please contact:

    Queenco Leisure,
    International,
    Neomi Enoch,
    Chief Financial Officer,
    T: +972-375-45555,
    neomi@queenco.co.il .

    ING,
    Chris Godman,
    T: +44(0)20-7767-6896,
    Chris.Godman@ing.com .

    Cardew Group,
    Tim Robertson,
    David Roach,
    Daniela Cormanno,
    T: +44(0)20-7930-0777,
    David.Roach@cardew.com .

SOURCE Queenco Leisure International Ltd