Gateway Casinos Income Fund
TSX : GCI.UN

Gateway Casinos Income Fund

December 14, 2006 15:59 ET

Gateway Casinos Income Fund Announces Regular Distributions for November and December and Special Year-End Distribution

BURNABY, BRITISH COLUMBIA--(CCNMatthews - Dec. 14, 2006) - Gateway Casinos Income Fund (the "Fund" or "Gateway") (TSX:GCI.UN) is pleased to announce a cash distribution of $0.1250 per unit for each of November and December 2006, the Board of Trustees of the Fund has approved a special distribution of $.03 per unit, for a total of $.1550 per unit for the month of December.

The November distribution will be payable to unitholders of record on December 22, 2006 and will be payable on December 29, 2006. The December distributions will be paid to the unitholders of record on December 29, 2006 and will be payable on January 31, 2007.

"The Fund has continued to perform well this fiscal year resulting in increased distributable cash, which we are pleased to pass on to our unitholders," said Dave Gadhia, CEO of Gateway Casinos G.P. Inc. "Burnaby and the Lake City Casinos have consistently delivered solid revenue and earnings results in 2006. In addition, Cascades has outperformed our expectations and has strong prospects for future growth as operations mature."

About the Fund

The Fund is an unincorporated, open-ended limited purpose trust established under the laws of British Columbia, which operates the Burnaby Casino and Cascades Langley Casino and Hotel in Greater Vancouver, BC, the Palace Casino in Edmonton, Alberta and the Lake City Casinos in Kamloops, Kelowna, Penticton and Vernon, BC. Headquartered in Burnaby, BC, 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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