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Leisure Time Casinos & Resorts, Inc. Intends to Appeal Arizona Gaming's Ruling

President and Chief Executive Officer, Alan Johnson commented, "We have made no internal projections for the Arizona market, therefore we currently believe that the denial will not hinder Leisure Time's potential for growth in the future or Leisure Time's business plan.

Mr. Johnson added, "We are concentrating on the 30 jurisdictions and Indian Tribes where we are currently licensed and which we believe have a larger growth potential for Leisure Time. In addition, we believe that we have greater growth potential in substantial international markets."

Leisure Time Casinos & Resorts, Inc., also announced the appointment of Carl A. Williams to the Board of Directors to fill the vacancy created by the previously announced resignation of August Perez, III. Carl A. Williams will serve as a member of the Audit Committee and Compensation Committee. Carl A. Williams is retired after 25 years as the owner of a successful business in Cleveland, Ohio.

Leisure Time Casinos & Resorts is a diversified gaming company that develops, manufactures and sells multi-game, touchscreen video gaming machines and software upgrades. The company also generates recurring revenue via its recent entrance into the video pulltab and bingo equipment market. Lastly, Leisure Time operates a gaming machine route in South Carolina.

Except for historical information contained herein, the statements made in this release constitute forward looking statements that involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward looking statements, including risks relating to, among other things: operating history; geographic sales; competition; changes in gaming laws; impact of changing legislation; seasonality, cyclicality, fluctuations in quarterly operating results, dependence upon key personnel, the risk that the Company will not realize a sufficient amount of revenue to pay its expenses, the risk that the Company will not realize significant sales in California or Montana or other jurisdictions and the risk that the Company will not be able to satisfy the demands of its creditors. The Company may be affected by some or all of these factors and other risks and uncertainties, many of which are beyond the Company's control. In addition, results may vary as a result of factors set forth from time to time in the Company's reports on file at the Securities and Exchange Commission.

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