CBX.L Regulatory News (CBX)

20 Jul 2005 07:00

Cubus Lux plc20 July 2005 CUBUS LUX PLC Opening of a third casino Cubus Lux Plc ("Cubus") is pleased to announce the opening of its third casinoin Croatia. The third casino is located in the Narcis Hotel in Rabac. Rabac liesapproximately 30 miles North East of Pula in the Istria Peninsula in Croatia. Guy Ravid, non-executive director, commented - "We are very pleased to have hadthe opportunity to work with the owners of the Rabac Hotel complex. Cubus hasentered into a 3 year agreement to operate the casino complex at the RabacHotel, with an option for an additional 3 year extension. The three Hotels, "Complesso dei Fiori", have more than 672 rooms and are fully occupied during thesummer season. Adjacent to the hotel is an Autocamp with 3,000 camping places.The complex stretches over 200,000 square metres. We believe that this casinohas the potential to contribute materially to our revenue base in the comingyears. The hotel complex is owned by Maslinica, a group of tour operators inItaly, operating under the name Horstmann Gentilini Hotels." The casino has 7 tables, of which 2 are American Roulette; 2 Black Jack tables;2 Poker tables and 1 Chemin de fer. Enquiries: Graham HerringThreadneedle Communications - 020 7531 2620 This information is provided by RNS The company news service from the London Stock Exchange