Gateway Casinos Income Fund
TSX : GCI.UN

Gateway Casinos Income Fund

September 14, 2007 16:39 ET

Gateway Casinos Income Fund Announces August and Stub Distribution

BURNABY, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2007) - Gateway Casinos Income Fund (the "Fund") (TSX:GCI.UN) is pleased to announce a cash distribution of $0.1250 per unit for the month of August 2007. The distribution will be paid to unitholders of record at the close of business on September 25, 2007 and will be payable on September 28, 2007.

In connection with the offer for all of the outstanding units and convertible debentures of the Fund by New World Gaming Partners Ltd., Gateway also announces a stub cash distribution of $0.1083 per unit for the period of September 1, 2007 to September 26, 2007, the expiry date of the offer. The distribution will be paid to unitholders of record at the close of business on September 26, 2007 and will be payable on October 1, 2007.

The Fund is an unincorporated open-ended limited purpose trust established under the laws of British Columbia, which operates the Burnaby Casino and Cascades Casino in Greater Vancouver, B.C., the Palace Casino in Edmonton, Alberta and the Lake City Casinos in Kamloops, Kelowna, Penticton and Vernon, B.C. Headquartered in Burnaby, B.C., the Fund is one of the largest casino operators in Western Canada.

To find out more about Gateway Casinos Income Fund (TSX: GCI.UN), visit our website at http://www.gatewaycasinosincomefund.com.

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