Elixir Gaming Technologies Further Solidifies Executive Team With New Hirings

Experienced Management and Industry Executives Enhance Company’s Gaming Venue Technical Support and Corporate Expertise

LAS VEGAS, Nevada & Macau, March 26, 2008 — Elixir Gaming Technologies, Inc. (AMEX:EGT) (“Elixir Gaming” or “the Company”) today announced that it has meaningfully enhanced its executive team with the recent hiring of a number of experienced management and gaming industry executives all of whom are based in Asia.  The addition of several gaming industry veterans provides the Company with an increased level of gaming venue technical support expertise, while the addition of four high level executives to the corporate management team strengthens Elixir Gaming’s finance, legal and human resources capabilities as the Company continues to execute against its business of placing electronic gaming machines on a revenue share model throughout Asia.  The Company has also added additional gaming venue technical support personnel to support the newly appointed senior gaming executives coordinate the opening of new venues and provide technical expertise to the operators in order to optimize venue performance post opening.

Joining Elixir Gaming in senior executive positions are: Rolando Sanglay as Vice President Projects; Andy Crisafi as Regional Gaming Director; Loke Beng Hwa as Cambodia Country Manager; Frank Magpantay as Chief Technician; Tony Lam as Vice President, General Administration & Human Resources; Stephanie Wong as Regional Finance Director; Athena Tse as Business Control Director and Edmond Choi as Vice President, Legal (Asia).

Gordon Yuen, Executive Chairman and CEO of Elixir Gaming, commented, “Elixir Gaming continues to rapidly transform itself as we execute against our business model to place electronic gaming machines on a participation model in emerging Asian gaming markets, and we expect to benefit from the addition of this exceptional group of executives who bring decades of experience to the Company. The addition of Rolando, Andy, Loke and Frank to our gaming venue technical support team allows us to provide our operating partners with an enhanced level of industry expertise, which is expected to benefit our customers and Elixir Gaming through improvements in win per day per machine. In addition, our corporate team will benefit from the experience and management expertise that Tony, Stephanie, Athena and Edmond bring to Elixir Gaming. With the addition of these senior executives Elixir Gaming now has fortified our management team to support our continued growth.”

Rolando Sanglay, Vice President Projects, joined Elixir Gaming from IGT Asia Pacific where he most recently served as a Senior Project Manager. In this position Mr. Sanglay was responsible for system and machine installations in the Asia Pacific Region, including at the recent opening of the MGM Grand Macau. His primary responsibility at Elixir Gaming is to serve as a liaison between the Company and venue operators to ensure new venues come into operation efficiently.

Andy Crisafi, Regional Gaming Director, was most recently at Sands Macau where he was responsible for gaming machine selection and floor optimization.  Prior to that Mr. Crisafi was at Star City Casino in Sydney, Australia for ten years where he was the slot floor manager.

Loke Beng Hwa, Cambodia Country Manager, brings vital field management experience to the Company’s gaming venue technical support team.  Mr. Beng Hwa has held casino management positions in Cambodia, Vietnam and the Philippines.

Frank Magpantay, Chief Technician, was with IGT for ten years prior to joining Elixir Gaming.  Mr. Magpantay brings to the Company a wealth of technical expertise and years of experience in managing regional technical teams.
Tony Lam, Vice President General Administration & Human Resources, has an extensive track record of success in similar positions as a senior executive in companies located in both the Asia-Pacific and North American regions.  He previously served as Human Resources Director for CDC Corporation, a NASDAQ listed media and technology company that went through a period of significant growth related to acquisitions.  Mr. Lam brings to Elixir Gaming a wealth of experience and understanding in the management of multi-cultural work environments. 

Stephanie Wong, Regional Finance Director, has extensive financial operations experience in the Asia-Pacific region and was Finance Director - Asia Pacific for US based technology companies prior to joining Elixir Gaming.  In her prior positions, Ms. Wong was responsible for the financial reporting of Asia-Pacific offices that were required to report under U.S. Generally Accepted Accounting Principles.  Ms. Wong received her training as an accountant based in the U.S.

Athena Tse, Business Control Director, has significant experience with internal control compliance at a number of multi-national companies and will be primarily responsible for Elixir Gaming’s Sarbanes-Oxley compliance.  Ms. Tse is an AICPA and began her professional career at PricewaterhouseCoopers.

About Elixir Gaming Technologies, Inc

Elixir Gaming Technologies Inc. (AMEX:EGT) (“Elixir Gaming”) is a member of Elixir Group, an innovator of gaming technology solutions and a wholly owned subsidiary of Melco International Development Limited.  Elixir Gaming, in collaboration with Elixir International (which is also a member of Elixir Group), secures long-term contracts to provide comprehensive turn-key solutions to 3, 4 and 5 star hotels, cruise ships and other well-located venues throughout Asia that seek to offer casino gaming products.  Elixir International assists the venue and venue owner with the licensing and regulatory process, physical casino design, construction management, slot and game floor design layout purchases the gaming machines and systems from the industry’s leading gaming equipment suppliers and installs the gaming machines and systems such that the casino is delivered in a fully operational state.  Elixir Gaming retains ownership of the gaming machines and systems and receives recurring daily fee of at least 20% of the net gaming win per machine and provides on-site maintenance.  The Company has established a strategic presence in the Asia Pacific region with participation contracts in the Philippines, Cambodia, Vietnam and other Asian markets.  For more information please visit www.elixirgaming.com.

Forward Looking Statements

This press release contains forward-looking statements concerning Elixir Gaming Technologies (“Elixir Gaming”), Elixir Group and Elixir International within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Those forward-looking statements include statements regarding expectations for the business relationship between Elixir Gaming and Elixir International, including the recurring revenue that may develop from the relationship with Elixir International, and the Elixir Gaming’s expectations for future revenue.  Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements.  Factors that could cause or contribute to differences include, but are not limited to, risks related to Elixir International’s inability to place gaming machines at significant levels, risks related to whether the gaming machines placed generate the expected amount of net-win and risks related to the ability of Elixir Gaming to collect revenue and protect its assets.  Elixir Gaming cautions readers not to place undue reliance on any forward-looking statements.  Elixir Gaming does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. 

CONTACT:
Richard Land, Dave Jacoby
Jaffoni & Collins Incorporated
212/835-8500; egt@jcir.com

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