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The QCasino Resort (the Q), a 45-story luxury casino hotel resort featuring worldclass amenities with hotel condominiums and fractional ownership opportunities, will be located in the “Entertainment Capital of the World” – Las Vegas, Nevada. Sophisticated and contemporary in design, the Q is being created specifically to attract the gay and lesbian community. The future site of this unprecedented property is near the corner of the famed Las Vegas Boulevard and Sahara Avenue. The owner/developer of this coveted site is Nevada-based Sahara Investments, LLC with partner Andrew S. Fonfa at the helm. Sahara Investments is seeking investors to fund the $400 million equity requirement. To date, a luxury casino resort catering specifically to the gay and lesbian community does not exist, despite Las Vegas being the number two U.S. destination for gay and lesbian travelers. The Q will be the first of its kind in the world, providing luxury accommodations and amenities to this highly desirable, yet significantly underserved, niche market. Nationally, the gay and lesbian population is estimated at 10.9 million, and of this

1.0 population, over 9 million traveled in the last year. For travel in the United States, Las Vegas ranks second only to New York City as the most popular destination for gay and lesbian travelers. In 2007, Las Vegas played host to almost 1.9 million gay and lesbian visitors with an average stay of 3.5 nights, equating to 6.6 million room nights annually. With potentially 800 hotel rooms, the Q’s gay and lesbian annual visitor capture rate would need to be a mere 4.4% to obtain 100% occupancy. With this kind of demand combined with the limited supply, management expects to drive an average daily room rate comparable to that of the Strip’s luxury properties. These numbers do not take into account the immense population of international gay and lesbian travelers that visit Las Vegas annually. The capture rate for 100% occupancy drops even lower when international travelers are added to the equation. As stated, research proves this to be a highly desirable niche market – one where dual income, no-kids (DINK) households make up the majority of the community, resulting in a higher than average discretionary income and one that has a propensity to travel, especially to Las Vegas. Las Vegas is a sought-after