Gateway Casinos Income Fund
TSX : GCI.UN

Gateway Casinos Income Fund

July 16, 2007 15:26 ET

Gateway Casinos Income Fund Announces June and Special Distribution

BURNABY, BRITISH COLUMBIA--(Marketwire - July 16, 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 June 2007. The distribution will be paid to unitholders of record at the close of business on July 25, 2007 and will be payable on July 31, 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 special cash distribution of $0.10 per unit for the period of July 1, 2007 to July 25, 2007, the expiry date of the offer. The distribution will be paid to unitholders of record at the close of business on July 25, 2007 and will be payable on July 31, 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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