Wednesday, January 9, 2008

Elixir Gaming has 976 gaming machines in Cambodia

Reports 2007 Year-End Installed Base of 1,542 Electronic Gaming
Machines

Gaming Machine Participation Venues increased from 2 to 12 in 2007
Fourth Quarter
LAS VEGAS & MACAU--(Business Wire)--Elixir Gaming Technologies, Inc.
(AMEX:EGT) ("Elixir Gaming" or
"the Company") today announced that the Company's installed base of
electronic gaming machines was 1,542 units as of December 31, 2007,
exceeding previous market guidance. The units are installed across 12
venues, with 566 installed at 3 venues in the Philippines and 976
installed at 12 venues in Cambodia.

-0-
*T
Current Installed Base of Electronic Gaming Machines
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Commencement
Venue Location Units Date
======================================================================
Premier VIP Manila, Philippines 200 August 2007
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Casablanca Clark, Philippines 120 August 2007
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Almond Manila, Philippines 246 December 2007
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Macau Clubs Phnom Penh, Cambodia 190 December 2007
----------------------------------------------------------------------
Star City Phnom Penh, Cambodia 150 December 2007
----------------------------------------------------------------------
Angkor Paradise Siem Reap, Cambodia 120 December 2007
----------------------------------------------------------------------
Hotel Caraba Siem Reap, Cambodia 100 December 2007
----------------------------------------------------------------------
Lucky Diamond Phnom Penh, Cambodia 95 December 2007
----------------------------------------------------------------------
Alibaba Phnom Penh, Cambodia 89 December 2007
----------------------------------------------------------------------
Long Beach Phnom Penh, Cambodia 80 December 2007
----------------------------------------------------------------------
Tin Tin Phnom Penh, Cambodia 80 December 2007
----------------------------------------------------------------------
8th Wonder's Phnom Penh, Cambodia 72 December 2007
----------------------------------------------------------------------
*T

As with all of the Company's agreements to date, Elixir Gaming has
100% of the gaming machine floor at each of the 12 venues noted above
and receives no less than 20% of the net gaming win from the machines.

Gordon Yuen, Executive Chairman and CEO of Elixir Gaming,
commented, "Our 2007 year-end installed base of 1,542 gaming devices
provides a solid base from which to achieve a growing stream of daily
recurring revenues throughout 2008. The significant number of venues
recently brought into operation proves Elixir International's
execution capability. We believe that the installed base can continue
to increase by an average of approximately 1,000 units on a quarterly
basis throughout 2008."

Joe Pisano, Senior VP of Elixir Gaming, added, "We are making
solid progress towards achieving our internal target of having an
installed base in excess of 2,500 gaming machines by late March/early
April 2008. The contracted pipeline to place gaming machines on a
participation basis continues to steadily grow - as does the average
daily net win at the venues currently in operation."

About Elixir Gaming Technologies, Inc

Elixir Gaming Technologies Inc. ("Elixir Gaming") is a member of
Elixir Group, an innovator of gaming technology solutions and a wholly
owned subsidiary of Melco International Development Limited. Elixir
Gaming, in collaboration with Elixir International (which is also a
member of Elixir Group), secures long-term contracts to provide
comprehensive turn-key solutions to 3, 4 and 5 star hotels, cruise
ships and other well-located venues throughout Asia that seek to offer
casino gaming products. Elixir International assists the venue and
venue owner with the licensing and regulatory process, physical casino
design, construction management, slot and game floor design layout
purchases the gaming machines and systems from the industry's leading
gaming equipment suppliers and installs the gaming machines and
systems such that the casino is delivered in a fully operational
state. Elixir Gaming retains ownership of the gaming machines and
systems and receives recurring daily fee of at least 20% of the net
gaming win per machine and provides on-site maintenance. The Company
has established a strategic presence in the Asia Pacific region with
participation contracts in the Philippines, Cambodia, Vietnam and
other Asian markets. For more information please visit
www.elixirgaming.com.

About Elixir Group

Elixir Group is an important strategic component of Melco
International Development Limited's gaming and leisure entertainment
focus. Elixir Group holds the distinction of being a "home-grown"
brand: a full-fledged game manufacturer based in Asia - designing,
developing and supplying gaming machines and technology solutions
(surveillance, LEDs, ATMs) for the Asian market. With gaming research
and development centers in Macau and the Philippines, proximity to key
growth markets provides Elixir Group with competitive advantages. As a
pioneer in the competitive Asian gaming market, Elixir Group, through
its wholly-owned subsidiary, Elixir International, has consistently
delivered exciting solutions, expert sales advice and professional
gaming support. Elixir International has forged alliances with leading
gaming and technology companies and by accessing its partners'
manufacturing capabilities is able to focus entirely on innovative
product design and customer service. Elixir International has also
secured several strategic agreements in the provision of gaming
technology infrastructure for various gaming concession holders in
Macau.

Forward Looking Statements

This press release report contains forward-looking statements
concerning Elixir Gaming Technologies, Elixir Group and Elixir
International within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Those forward-looking statements include statements
regarding expectations for the business relationship between Elixir
Gaming Technologies, Elixir Group and Elixir International, including
the recurring revenue that may develop from the relationship with
Elixir Group and/or Elixir International, and the Company's
expectations for future product revenue. Such statements are subject
to certain risks and uncertainties, and actual circumstances, events
or results may differ materially from those projected in such
forward-looking statements. Factors that could cause or contribute to
differences include, but are not limited to, risks related to Elixir
Group's inability to place gaming machines at significant levels and
risks relating to Elixir Group's ability to place games that generate
the expected amount of net-win. Elixir Gaming Technologies cautions
readers not to place undue reliance on any forward-looking statements.
Elixir Gaming Technologies does not undertake, and specifically
disclaims any obligation, to update or revise such statements to
reflect new circumstances or unanticipated events as they occur.

Jaffoni & Collins Incorporated
Richard Land or Dave Jacoby, 212-835-8500
egt@jcir.com

Copyright Business Wire 2008

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