Asia Entertainment & Resources Ltd. Completes Acquisition of VIP Gaming Room at Le Royal Arc Casino

  Asia Entertainment & Resources Ltd. Completes Acquisition of VIP Gaming Room
  at Le Royal Arc Casino

Business Wire

HONG KONG -- June 28, 2013

Asia Entertainment & Resources Ltd. (“AERL”) (NASDAQ: AERL), which operates
through its subsidiaries and related promoter companies as a VIP room gaming
promoter, today announced that it has completed the acquisition of 100% of the
profit interest of the VIP gaming room at Level 1 of Le Royal Arc Casino
located in NAPE, Downtown Macau. The VIP gaming room has six tables and is
operated under the Sociedade de Jogos de Macau S.A.’s concession. With the
completion of this acquisition AERL will operate 40 tables in five VIP rooms
with four concessionaires in the Macau market.

“The addition of this VIP gaming room will enhance our ability to serve our
existing customers, and by combining our operations and network of agents with
that of the VIP gaming room at Level 1 of Le Royal Arc Casino, we can further
expand our presence in the Macau VIP gaming market,” said AERL Chairman Lam.

About Asia Entertainment & Resources Ltd.

Asia Entertainment & Resources Ltd. is a holding company which operates
through its subsidiaries and related promoter companies as a VIP room gaming
promoter, and is entitled to receive all of the profits of the VIP gaming
promoters from VIP gaming rooms. AERL’s VIP room gaming promoters currently
participate in the promotion of four major luxury VIP gaming facilities in
Macau, China, the largest gaming market in the world. One VIP gaming room is
located at the top-tier 5-star hotel, the Star World Hotel & Casino in
downtown Macau, and another is located in the luxury 5-star hotel, the Galaxy
Macau™ Resort in Cotai, each of which is operated by Galaxy Casino, S.A.
Additional VIP gaming rooms are located at the Sands Cotai Central and City of
Dreams Macau, both in Cotai.

Forward-Looking Statements

This press release includes forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995
that involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking statements,
based upon the current beliefs and expectations of AERL's management, are
subject to risks and uncertainties, which could cause actual results to differ
from the forward looking statements.

Contact:

Asia Entertainment & Resources Ltd.
James Preissler, 646-450-8808
preissj@aerlf.com
or
ICR
William Schmitt, 203-682-8294
william.schmitt@icrinc.com
 
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