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Gunslinger Records Provides Status Update on Kinbasha's Operations and Future …

May 30, 2011

Update Presents Detailed Corporate Strategy in Wake of Japan’s Earthquake and Tsunami

HITACHI, Japan–(EON: Enhanced Online News)–Gunslinger Records Inc. (the “Corporation”) (PINK:MUZC) owner and operator of retail gaming centers in Japan through its subsidiary Kinbasha Co., Ltd. (“Kinbasha”), provides a status update on the company’s operations and future growth prospects, based on Japan’s 9.0 magnitude earthquake and resulting tsunami on March 11.

“The earthquake and subsequent tsunami that hit the Tohoku region of Japan in March affected many businesses, but the Japanese economy and the Pachinko industry in particular is showing steady signs of recovery”

“The earthquake and subsequent tsunami that hit the Tohoku region of Japan in March affected many businesses, but the Japanese economy and the Pachinko industry in particular is showing steady signs of recovery,” said Mr. Masatoshi Takahama, Chief Executive Officer. “Fortunately for Kinbasha, the company reported no casualties from customers or staff as a result of the earthquake and tsunami. Also, none of Kinbasha’s facilities were affected by any radioactivity from the Fukushima Nuclear Power Plant, as the closest parlor is located more than 100km away.”

Kinbasha reports that 16 out of the 21 Pachinko parlors owned by the company were forced to suspend operations immediately after the quake, however due to the company’s robust contingency policies and disaster preparedness, a total of 11 parlors resumed operations within a week, and another 4 parlors by April. Repair work at these 15 facilities consisted primarily of broken windows and ceiling damage.

“Kinbasha was able to quickly resume operations at a majority of our Pachinko parlors due to our emergency preparedness and by deploying quick and decisive measures to open facilities,” said Mr. Takahama. “With the initial recovery phase behind us, we look forward to making further enhancements and refurbishments to affected parlors in order to attract more customers. Kinbasha also has plans to expand our entertainment offerings to create a more comfortable environment for our patrons, and thus expedite our organic growth potential in 2011.”

Although Kinbasha reports the earthquake decreased the number of customers at the end of April to 90% of the company’s 2010 levels, the management team expects to bring its customer numbers back to baseline by September, and to further enhance its metrics beyond 100% after October 2011.

Of Kinbasha’s 21 facilities, two parlors are planned to be closed by management due to a lack of market potential to offset the cost of repairs. However unlike Kinbasha, many smaller competitors will be forced to sell profitable properties in key locations due to the fact that they have insufficient capital to pay for repairs, even though it may be economically advantageous to do so.

Mr. Takahama continued, “Part of any long-term success is finding opportunities in adverse circumstances. Despite the earthquake, Kinbasha is being presented with a unique opportunity to increase the scale of our operations by acquiring competing operators without sufficient funds to repair their damaged yet profitable facilities. Over the next year, we hope to acquire four Pachinko parlors and identify additional targets for future expansion. Through a combination of organic growth and accretive acquisitions, Kinbasha remains acutely focused on our goal of increasing revenue, earnings and ultimately, shareholder value.”

Kinbasha currently owns three mid-size restaurants and 21 retail gaming centers, known as Pachinko Parlors, in Japan. The pinball-like game of Pachinko is extremely popular and can be found throughout the country at railroad stations, malls and inner cities. As a significant part of the national economy, the Pachinko business in Japan generates three times the total sum of Japan’s other avenues of public legal gambling, including horse racing and lottery; and it benefits from approximately 15 million regular enthusiasts spending an estimated $250 billion per year.

About Gunslinger Records Inc.

Gunslinger Records Inc. is a Florida corporation that acquired its operating subsidiary, Kinbasha Co., Ltd. (“Kinbasha”), through a reverse merger in January 2011. Based in Hitachi City, Japan, Kinbasha is a leading retail gaming company focused on expansion and growth in Japan’s highly-profitable gaming and food and beverage industries. Founded in 1957, Kinbasha’s principal business is the ownership and operation of retail gaming centers in Japan which offer customers the opportunity to play the game of chance known as Pachinko. Pachinko is played on a device which resembles a slot machine. The game is considered to be Japan’s most popular leisure activity and the gaming centers are commonly referred to as Pachinko Parlors. Kinbasha currently employs over 1,000 people and owns 21 Pachinko Parlors in the prefectures of Chiba, Ibaraki and Tokyo. In addition, the company also owns three mid-size restaurants in Japan which offer traditional Japanese cuisine.

Safe Harbor Statement

This release contains certain “forward-looking statements” relating to the business of the Company and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the Company’s business and operations; business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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May 30, 2011

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Fitz Casino & Hotel Reopens in Tunica

May 30, 2011

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May 29, 2011

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MonteLago Opening to Launch Memorial Weekend

May 29, 2011

The highly anticipated Grand Opening of the all new Casino MonteLago kicks off five days of live entertainment and fun-filled special events in The Village at Lake Las Vegas.

On Thursday, May 26, the red carpet celebration begins at 7 p.m., with free live entertainment by string quartet Phat Strad and cash bars on the Village street just outside the casino entrance. At 9 p.m., fireworks from the casino rooftop will signal the official grand opening and time to “let the games begin!”

The casino will feature 241 popular state-of-the-art slot machines – such as Wheel of Fortune, Star Wars, Ruby Slippers and Sex and the City – and 38 of the latest hi-tech electronic table game positions for roulette, blackjack and poker.

Adults will also receive a “pre-activated” Club MonteLago Players Card ready for immediate use. All gaming done that evening, or over the holiday weekend, will count for future rewards and promotions and can earn a free play “bonus” award of between $5 and $500, as long as card holders wager at least one dollar and then return to the casino between May 31 and June 6 to receive a personalized Players Card. Participants must be 21 to play and to qualify.

Then, starting on Friday evening and continuing through Sunday, five of the Village restaurants are also featuring an exciting line-up of live entertainment. For details visit hendersonpress.com/entertainment .

On Saturday, the Third Annual “Gimme Shelter Concert” benefiting the Heaven Can Wait Animal Society takes the stage. The show begins at 6 p.m. with Arms of America (a U2 tribute band). At 7 p.m., headliner Skip Martin, former lead singer of Kool & The Gang, takes over and rocks the house. General admission tickets are $20. VIP Lounge tickets are available for $40 and include access to a private bar. For more information, please visit hcws.org.

On Sunday afternoon, the Original Tacos & Tequila Festival fills the streets of The Village. From noon to 6 p.m., sample tacos and cuisine from the Las Vegas Valley’s best restaurants paired with your favorite tequilas. General Admission is free. A bracelet for 10 tequila or 10 taco tastings is $25 at the door. Must be 21 to enter the Tequila Cantina Exposition.

“We look forward to one of our best and most exciting holiday weekends ever,” said Karl Hanson, executive board president of the Montelago Village Association. “With the Casino and Ravella Hotel now part of the fun, The Village at Lake Las Vegas is once again the place to stay and play.”

To celebrate the Grand Opening of the new Casino MonteLago, the Ravella Hotel and Resort is offering a $49 room rate for the entire holiday weekend – from Thursday, May 26 through Tuesday, May 31 – along with two big family-friendly weekend pool party events. Saturday’s Caribbean-themed bash includes a live steel-drum band, jerk pork shoulder, banana fritters and a shaved-ice station for the kids. Sunday afternoon, meet Holly’s World and ABSINTHE starlet, Angel Porrino and her son Roman. Food includes smoked beef brisket, drumsticks, a hot dog-by-the-foot station and top hits played by a poolside deejay. For the kids, there will be balloon animals, face painting and cotton candy.

Two other Lake Las Vegas hotels, The Aston MonteLago Village Resort and Loews Lake Las Vegas are also offering special weekend rates and packages.

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RYAN BAKKEN: A real-world competition for a real-world student

May 29, 2011

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Poker Shuts Down Wall Street

May 28, 2011

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May 28, 2011

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At Odds With the Brewers

May 28, 2011

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Bally's Gives New Meaning to Being in the 'Center of the Action'

May 28, 2011

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