Elixir Gaming names new VP

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Elixir Gaming Technologies, Inc. (AMEX:EGT) ("Elixir Gaming") announced today that Traci Mangini has been named Senior Vice President Corporate Finance, a new position at the Company. In her new role, Ms. Mangini will report directly to David Reberger, Elixir Gaming's Chief Financial Officer. The appointment is effective from Monday June 9, 2008.

At Elixir Gaming, Ms. Mangini will manage and expand the Company's comprehensive worldwide financial community and shareholder communications program and financial functions, including fiscal and SEC reporting, corporate analysis and merger and acquisition strategy. Ms. Mangini will work with Mr. Reberger and the Company's investor relations firm, Jaffoni & Collins, to develop further awareness and understanding of Elixir Gaming's operations and growth opportunities among a broad group of constituents including institutional and retail investors, analysts and the media.

Ms. Mangini most recently worked at ThinkPanmure where she was a Partner and senior research analyst responsible for coverage of companies in the domestic and international gaming sector including Cash Systems, Inc., Elixir Gaming Technologies, Fortunet, Inc., Gametech International, Inc., Gaming Partners International Corporation, Gigamedia Limited, Monarch Casino & Resort, Inc., Progressive Gaming International and WPT Enterprises, Inc. Prior to joining ThinkPanmure in 2003, she was a Vice President and Research Analyst at Merriman Curhan Ford & Company and at First Security Van Kasper (Wells Fargo Securities), where she covered consumer companies. She began her career at Montgomery Securities in 1997.

David Reberger commented, "Traci is an ideal candidate to lead our worldwide shareholder communications efforts while adding increased depth to our financial reporting and analysis department. As a former highly regarded gaming company analyst, she brings excellent analytical and communications skills, a deep understanding of Elixir Gaming's strategies and prospects, strong institutional investor relationships and in-depth knowledge of the worldwide gaming markets to this new position.

Our business model and activities are generating increasing interest from the financial community and the investing public. As such, we welcome Traci to the Elixir Gaming team as we work to increase our interaction and contact with the financial community."

Traci Mangini earned a Master of Science in Quantitative Analysis from Boston University and received her BA in Finance from the University of San Diego.