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Observation Wheel Planned for Vegas Strip

LAS VEGAS – (PRESS RELEASE)-- Voyager Entertainment International, Inc. (OTC Bulletin Board: VEII), an entertainment development company, has reached an agreement with Centex Destination Properties to build an "Observation Wheel" on the Las Vegas strip at what is now the Westward Ho Hotel and Casino site. Located at 2900 Las Vegas Blvd. South, the 40-year-old property spans 15.2 acres and has nearly 800 rooms and 112,842-square-foot hotel-casino.

Centex Destination Properties has agreed to a purchase-and-sale agreement as managing partner of an established limited liability company that will purchase the property. The property is expected to close November 17, 2005. Terms of the purchase were not disclosed. The "Observation Wheel" will be part of a newly master planned resort to be built on the property.

"When our company sought the perfect location, two criteria became most important -- the view and the credibility of the potential developer," Voyager President and CEO Richard Hannigan said. "Voyager believes the north Strip location clearly places the wheel at the optimum viewing angle and Centex Destination Properties is clearly an outstanding developer," stated Hannigan.

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