Acquisition of Global Gaming Leisure plc

The Directors of Global Entertainment Group plc ("GEG") are pleased to announce
the acquisition of 100 per cent of the issued share capital of Global Gaming
Leisure plc ("GGL") for a total consideration of GBP2,030,000 ("the
Acquisition").

The Acquisition has been satisfied by the issue of 126,875,000 new ordinary
shares of GEG at the price of 1.6p per share, credited as fully paid. The total
number of shares in issue following the Acquisition will be 424,601,635, giving
GEG a market capitalisation of GBP5,838,272.

GGL actively seeks investments across a range of opportunities within the Asian
gaming industry. It has interests in one of the VIP Rooms within Wynn Resorts
(Macau) with plans to acquire further interests in Macau. GGL's unaudited
accounts show a profit of HKD3,181,877 (approximately GBP205,000) for the 12
months to 31 December 2007.

GGL will be integrated into GEG's existing gaming activities which currently
provides a statistical risk management business focused on the gaming and
entertainment industry.

Following the Acquisition, the shareholding of Dr. Johnny Hon, Chairman of GEG
and a Director and shareholder of GGL, will increase from 21.22 per cent to
24.86 per cent of the issued share capital of GEG. In addition, Roy Nominees
Limited has ceased to have a substantial shareholding in GEG.

The following is a list of substantial shareholdings in GEG following the
Acquisition:

              Shareholder                 Number of Shares     Interest in GEG  
                                                              post Acquisition  
                                                                              
                                                                          (%)        
                                                                              
Dr Johnny Hon                                  105,573,572               24.86
                                                                              
Daiton Global                                   71,159,667               16.76
                                                                              
Faith Conqueror Limited                         41,666,667                9.81
                                                                              
Ms Chiu Fong Lai                                40,000,000                9.42
                                                                              
David Cowham                                    16,290,123                3.84
                                                                              
Jefferies International (Nominees)              14,843,750                3.50
Limited                                                                       


Dr. Hon said "Global Entertainment Group plc considers that it is positioned to
take advantage of one of the most rapidly growing segments of the gaming
industry, Macau. The acquisition of GGL constitutes another step forward in
that strategy."

The Directors of GEG accept responsibility for the contents of this
announcement.

                                 --- Ends ---                                  

About Global Entertainment Group plc

Global Entertainment Group plc is a vertically integrated media and
entertainment conglomerate focused on Film and Television Production, Cinema
Operations, Artist Management, and Gaming and Risk Management. For additional
information, please visit www.gegplc.com.

For further information please contact:

GEG plc               Johnny Hon, Chairman      +44 (0) 20 7073 7888

                      Rukpong Tupprasoot, COO   info@gegplc.com

Atlantic Law Llp      Andrew Greystoke          +44 (0) 20 7616 2888

GTH Media Relations   Toby Hall                 +44 (0) 20 7153 8039

                      Brooke Paul               +44 (0) 20 7153 8035

Tags: atlantic law, Global Gaming Leisure, law