Racino Royale enters Peru Gaming Market with Slot Machine Agreement

OTCBB: RCNR

TORONTO, April 10 /PRNewswire-FirstCall/ - Racino Royale, Inc. (OTCBB:
RCNR), a company focused on identifying and developing opportunities in the
gaming industry, is pleased to announce that its wholly-owned subsidiary,
InterAmerican Gaming Corp. ("InterAmerican") has completed an agreement with
Mixtel, S.A.C (or "Mixtel"), a Peruvian company that currently holds a license
for importation and commercialization of slot machines in Peru.
InterAmerican is a private casino management company focused on Latin
America; combining extensive gaming industry experience in the region with
specialization in implementing industry-leading technology, systems and
marketing programs.
"This is a significant step forward in our Latin American gaming
strategy," said Mr. John G. Simmonds, President and CEO of Racino Royale,
today. "In January we announced our acquisition of InterAmerican, noting
several exciting opportunities in this market. This agreement with Mixtel is
hopefully first among many - their experience and position in the market make
them an ideal gaming partner for us in Latin America."
Under the terms of the agreement, InterAmerican will initially place one
hundred slot machines, as well as continue to supply Mixtel additional slot
machines as market conditions dictate and opportunities exist. The slot
machines to be supplied by InterAmerican will fulfill all legal requirements
for operation in a Casino facility in Peru. Mixtel will be responsible for the
operation of the slot machines in accordance with all regulatory permissions
and licenses required for that matter. InterAmerican will source the Slot
Machines from licensed manufactures and resellers in the United States.
Mixtel will use its best efforts to place the slot machines supplied by
InterAmerican in various secure third party slot machine operations or casinos
that have a proper license to operate slot machines and that will deliver the
best possible income to InterAmerican. The slot machines will be placed in
these operations under a lease agreement that will pay a InterAmerican a
percentage of the revenue earned by the slot machines. InterAmerican will
receive 100% of the revenues collected by Mixtel, minus a basic fixed fee of
US$25 for each of InterAmerican's slot machines placed in a casino facility
for the first one hundred, or a monthly fee of US$2,500 once all InterAmerican
slot machines are operational. Mixtel will also receive a bonus based on the
overall success of the slot machine program and this will be capped at 5% of
the revenues collected.
About Racino Royale, Inc.
In late January 2008, the company entered into a formal share exchange
agreement pursuant to which it purchased all of the issued and outstanding
shares of InterAmerican Gaming Corp. Upon closing, InterAmerican became a
wholly-owned operating subsidiary of Racino Royale.
About Mixtel, S.A.C.
Mixtel is a Peruvian company that currently holds a license for
importation and commercialization of slot machines in the Peruvian territory
and holds contracts and/or good commercial relationships with different
companies that have a proper license or permissions to operate slot machines
in Casino facilities, or have filed an application to be granted with that
permission in accordance with law # 28945 (Law of reorganization and
formalization of casino and slot machines operation) in compliance with the
Peruvian legislation.
Note: This press release contains "forward looking statements" as defined
in the Private Securities Litigation Reform Act of 1995. These forward-looking
statements are based on currently available competitive, financial and
economic data and management's views and assumptions regarding future events.
Such forward-looking statements are inherently uncertain. Racino Royale, Inc.
cannot provide assurances that the matters described in this press release
will be successfully completed or that the company will realize the
anticipated benefits of any transaction. Actual results may differ materially
from those projected as a result of certain risks and uncertainties, including
but not limited to: global economic and market conditions; the war on
terrorism and the potential for war or other hostilities in other parts of the
world; the availability of financing and lines of credit; successful
integration of acquired or merged businesses; changes in interest rates;
management's ability to forecast revenues and control expenses, especially on
a quarterly basis; unexpected decline in revenues without a corresponding and
timely slowdown in expense growth; the company's ability to retain key
management and employees; intense competition and the company's ability to
meet demand at competitive prices and to continue to introduce new products
and new versions of existing products that keep pace with technological
developments, satisfy increasingly sophisticated customer requirements and
achieve market acceptance; relationships with significant suppliers and
customers; as well as other risks and uncertainties, including but not limited
to those detailed from time to time in Racino Royale, Inc.'s SEC filings.
Racino Royale, Inc. undertakes no obligation to update information contained
in this release. For further information regarding risks and uncertainties
associated with Racino Royale Inc.'s business, please refer to the risks and
uncertainties detailed from time to time in Racino Royale, Inc.'s SEC filings.
For more information, visit www.racinoroyale.com or
www.interamericangaming.com
SOURCE aka Communication Associates, Inc.

John Simmonds, Chief Executive Officer, (905) 833-9845 x223,
jsimmonds@racinoroyale.com; For Media-related inquiries: aka Communication
Associates, Michael Connell, Communications Director, (416) 463-8913 ext. 230,
mconnell@akacom.com