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Foundation Gaming & Entertainment Announces Acquisition of Fitz Casino & Hotel in Tunica, Mississippi, and Donn Mitchell Joining Foundation Gaming

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Foundation Gaming & Entertainment, LLC announced today it has completed
the acquisition of the Fitz Casino & Hotel in Tunica, Mississippi. The
property is located on more than 50 acres and includes a 38,000-square
foot casino, 500-room hotel, three restaurants and a 8,000-square foot
event center.

The Company also announced that Donn Mitchell will be joining the
Company as chief financial officer and Principal, subject to regulatory
approval. Mr. Mitchell has over 20 years of gaming industry experience,
with most of that at senior corporate finance positions. He has
extensive experience working with the Principals of the Company and
played an integral role in completing this transaction.

Greg Guida, Foundation Gaming's Co-CEO, commented, "We are excited about
working with the great team that is in place at Fitz, which has been a
solid performer in the market for many years. This transaction, coupled
with Donn joining the Company, will position us for continued growth and
development."

Mr. Mitchell added, "I am thrilled to be joining the Foundation Gaming
team. The acquisition of the Tunica property, coupled with Foundation
Gaming's Vicksburg property, will provide us with a firm platform for
the continued development and growth of the Company."

About Foundation Gaming & Entertainment, LLC

Foundation Gaming & Entertainment, LLC owns and operates WaterView
Casino & Hotel in Vicksburg, Mississippi, and Fitz Casino & Hotel in
Tunica, Mississippi. The Company's affiliate Foundation Gaming Group is
a full-service gaming management and development company that services
and supports developers, owners, and operators of gaming entertainment
facilities in US and international markets. http://www.foundationgaminggroup.com

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