Elixir Gaming Technologies Provides Market Update

Reports 5,530 Machines Contracted for Placement on a Revenue
Sharing Basis

Casablanca Casino Surpasses US$125 Net Win Per Day Target
LAS VEGAS & MACAU--(Business Wire)--Elixir Gaming Technologies, Inc. (AMEX:EGT) ("Elixir Gaming" or
"the Company") today announced that the Company's contract base of
electronic gaming machines has risen to 5,530 units. The units are to
be installed across 33 venues, with 2,400 contracted at 12 venues in
the Philippines, 2,230 contracted at 17 venues in Cambodia, 400 at 2
venues in Vietnam and 500 aboard 2 cruise ships.

As with all of the Company's agreements to date, Elixir Gaming has
100% of the gaming machine floor at each of the 33 venues contracted
to-date and receives no less than 20% of the net gaming win from each
machine.

Elixir's first property to open, Casablanca Casino, located within
the Clark Field Special Economic Zone in the Philippines, recently
surpassed management's targeted annual average net win per day of
US$125 and has sustained this average daily win for one month.
Casablanca Casino is achieving the better than targeted net win per
day following a planned reconfiguration of the slot floor.

Gordon Yuen, Executive Chairman and CEO of Elixir Gaming,
commented, "Our current contract base of 5,530 gaming devices,
diversified across 33 venues is a clear indication of our sustained
efforts to deliver contracts. We believe that the electronic gaming
machine contract base will continue to increase at a steady pace and
that installation of the units under contract will continue to
increase by an average of approximately 1,000 units on a quarterly
basis throughout 2008."

Joe Pisano, Executive Director and Senior VP of Elixir Gaming,
added, "We are making excellent progress towards achieving our
internal target of having an installed base in excess of 2,500 gaming
machines by late March/early April 2008. Importantly, at the same time
Elixir Gaming's contracted pipeline continues to steadily grow along
with 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