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Investor Relations

Company Overview
We plan to pursue real estate and entertainment-based projects and attractions throughout the world. We own 17.72 contiguous acres of land located at the southeast corner of Las Vegas Boulevard and Harmon Avenue in Las Vegas, Nevada (the "Park Central Site"). The property is currently occupied by a motel and several commercial and retail tenants with a mix of short and long-term leases. The Company intends to continue the property's current commercial leasing activities while it considers plans for the redevelopment of the site.

Our subsidiary, FX Luxury Realty, is party to license agreements with Elvis Presley Enterprises, Inc., an 85%-owned subsidiary of CKX, Inc. ("CKX"), and Muhammad Ali Enterprises LLC, an 80%- owned subsidiary of CKX, which allow us to use the intellectual property and certain other assets associated with Elvis Presley and Muhammad Ali in the development of our real estate and other entertainment attraction based projects. The license agreement with Elvis Presley Enterprises grants us the right to develop, and we currently intend to pursue the development of, one or more hotels as part of the master plan of Elvis Presley Enterprises, Inc. to redevelop the Graceland property and surrounding areas in Memphis, Tennessee.

In addition to our interest in the Park Central Site, our plans with respect to a Graceland-based hotel, and our intention to pursue additional real estate and entertainment based developments using the Elvis Presley and Muhammad Ali intellectual property, we, through direct and indirect wholly owned subsidiaries, own 1,410,363 shares of common stock of Riviera Holdings Corporation [AMEX:RIV], a company that owns and operates the Riviera Hotel & Casino in Las Vegas, Nevada and the Blackhawk Casino in Blackhawk, Colorado.