LVFH Enters Into Binding Agreement to Acquire Online Gaming Rights in Mexico

Las Vegas From Home.com Entertainment Inc. (the "Company" or "LVFH") (TSX
VENTURE:LVH)(PINK SHEETS:LVFHF)(BERLIN:LVH)(FRANKFURT:LVH) Further to the
Company's news release dated February 7, 2011, the Company is pleased to
announce that it has signed an Asset Purchase and Sale Agreement (the "Asset
Agreement") to acquire (the "Transaction") a 99% equity interest in Poker from
Home de Mexico, S. de R.L. de C.V. ("Poker"), a private company duly
incorporated in accordance with the laws of Mexico, resulting in the Company
owning a 99% interest in Poker's sole and exclusive right to exploit a certain
federal Mexican permit (the "Federal Mexican Gaming Permit") for the development
of, and to operate, conduct and take, certain online bets and online casino
gaming activities in Mexico. 


The Asset Agreement was entered into among the Company, Poker, all of the
shareholders of Poker (the "Poker Shareholders"), Entretenimiento de Mexico,
S.A. de C.V. ("EMEX") and Producciones Moviles S.A. de C.V. ("Producciones").
Both EMEX and Producciones are private companies incorporated in accordance with
the laws of Mexico. EMEX, Producciones and Poker entered into separate previous
agreements, resulting in Poker having been granted the sole and exclusive right
to operate and conduct online gaming and betting activities, excluding
lotteries, in Mexico under the commercial name of PALMASBET (www.palmasbet.com).
In addition to the Playboy Casino Cancun, EMEX also operates twenty-two bricks
and mortar casinos under the Palmas Group of Casinos (www.palmasgroup.com)
brand. 


The Federal Mexican Gaming Permit was originally issued to EMEX by the Mexican
Secretaria de Gobernacion, Subsecretaria de Gobierno, Unidad de Gobierno,
Direccion General Adjunta de Juegos y Sorteos (the "Mexican General Office of
Games and Drawings/Lotteries"), and is valid until May 24, 2030. 


A copy of the Federal Mexican Gaming Permit can be viewed at the official
website of the Mexican General Office of Gambling and Lotteries, at the
following web address:


http://www.juegosysorteos.gob.mx/

(For further information or assistance to view the license on the site, please
contact andy@lvfh.com).


The Transaction

LVFH has entered into the Asset Agreement to acquire certain online gaming and
casino rights by making the following payments, all of which are subject to TSX
Venture Exchange (the "Exchange") approval (the "Exchange Approval") and other
applicable regulatory authorities.


The Company paid Producciones CAD $1 million as an advanced refundable deposit
and will issue Producciones 15 million units (the "Units") of the Company at
$0.10 per Unit, with each Unit comprising of one common share and one common
share purchase warrant. Each common share purchase warrant shall entitle
Producciones to purchase an additional common share at the price of $0.10 in the
first year after the issuance date, and at the price of $0.25 in the second year
after the issuance date. 


EMEX will also be issued 15 million Units under the Asset Agreement. In addition
to the Units, EMEX will be issued up to 30 million earn-out common shares (each,
a "Bonus Share"), on the condition that one Bonus Share will be issued for each
USD $1.00 of net profit that shall be earned by Poker for a period of 3 years
from the date of the Exchange Approval. The issuance of the 30 million Bonus
Shares can also be accelerated if (i) all of the issued and outstanding
securities of the Company are acquired by a third party, (ii) there is a
material change in the Modified Operator Services Agreement entered into among
EMEX, Producciones and Poker dated March 17, 2011, or (iii) there is a change to
the operator of the relevant gaming operations.


The Poker Shareholders will also be paid a cash payment of 2,970,000 Mexican
Pesos pro-rata to their respective equity interest in Poker, 36 months after the
date of the Asset Agreement.


In connection with the Transaction, the Company engaged the services of RwE
Growth Partners, Inc. to provide an Estimate Valuation Report for the benefit of
the directors of the Company as well as for submission to the appropriate
applicable regulatory authorities. Furthermore, the Company is also engaging the
services of Versant Partners Inc. to act as the financial advisor on the
Transaction, as well as the sponsor for the Transaction if so required by the
Exchange.


Finder's fees may be payable in respect to the above transaction in accordance
with the policies of the Exchange.


Poker - Mexican Operations

The Company has established an office in Mexico City, and Poker has already
initiated a soft launch for real money wagering of online poker and tournament
games that are powered by LVFH's own developed proprietary software. To view
Poker's operational gaming sites, please visit www.palmasbet.com and
www.palmaspoker.mx. Real money wagering is available to Mexican residents only.


To date, despite no marketing dollars spent by the Company and limited marketing
which has been targeted towards poker only players through "in person" sign ups
at actual land-based casino venues of the Palmas Group, early results of several
thousand accounts being opened have been very encouraging.


Poker is now in the process of planning a nationwide marketing campaign through
mass media to introduce Mexican residents to a national gaming website where
residents will be able for the first time to enjoy the ability to play all
verticals of games such as bingo, casino, poker and sports betting, all at one
site and in a licensed environment, with Poker's Federal Mexican Gaming Permit.


Furthermore, Poker expects to benefit greatly from existing strategic, financial
and marketing relationships already in place as a result of EMEX and
Producciones.


The Mexican Gaming Marketplace 

According to Gambling Compliance's report in 'The Future of Internet Gaming:
Mexico': "Potentially, Mexico possesses all the elements to establish itself as
a major gaming market; a booming population with a passion for sports; a strong
gambling tradition; and an emerging middle class with increasing purchasing
power."


In addition, according to ComScore, a company specializing in digital marketing
intelligence, Mexico is one of the fastest-growing internet markets in the world
and has the second largest internet user population in Latin America. An August
2010 ComScore report found that Mexico's internet user population grew 21
percent over the prior year and stated that Mexicans spent more than 60 percent
of their time online on communication and entertainment sites. The average age
of Mexico's online user population is 26.7 years, according to Digital Life. 


President and CEO Jake Kalpakian states, "Gaming is an active part of Mexican
culture. We believe we will have a competitive advantage because of the scope of
the license as a result of it encompassing all the major gaming verticals, but
in addition, the existing strategic relationships derived from our Mexican
parties with some of Mexico's best known and widely accessible financial, social
and marketing brands should greatly assist us in the development and expansion
of our business."


"We are excited about this opportunity in the Mexican gaming marketplace and
what it might bring to LVFH shareholders," continued Jake. "Given the scope of
the opportunity, we would not be surprised if this attracts one or more of the
leading global online gaming brands to enter into a strategic relationship with
LVFH."


Financing

The Company intends to conduct a non-brokered private placement financing of
7,500,000 units at a price of $0.10 per unit, for gross proceeds to the Company
of $750,000. Each unit will consist of one common share and one share purchase
warrant entitling the holders to acquire an additional common share of the
Company at a price of $0.25 per share for a period of two years from closing the
private placement, subject to Exchange approval. Finder's fees may be payable in
respect to the private placement in accordance with the policies of the
Exchange.


For more information on the Company visit the Company's website at www.lvfh.com.

On behalf of the Board of Las Vegas From Home.com Entertainment Inc.

Jake H. Kalpakian, President & CEO

Certain information herein related to Poker and its business have been solely
provided by Poker in their entirety. 


Statements in this press release which are not historical facts are
"forward-looking statements" that involve risks and uncertainties, such as the
completion of the proposed Transaction. Such information can generally be
identified by the use of forwarding-looking wording such as "may", "expect",
"estimate", "anticipate", "intend", "believe" and "continue" or the negative
thereof or similar variations. Since forward-looking statements address future
events and conditions, by their very nature, they involve inherent risks and
uncertainties such as the risk that the closing of the Transaction may not occur
for any reason. Forwarding-looking statements in this news release include
statements with respect to Poker's operations, the structure of the Transaction
and the gaming marketplace in general and in Mexico in particular.

Actual results in each case could differ materially from those currently
anticipated in such statements due to factors such as: (i) the decision to not
close the Transaction for any reason, including adverse due diligence results,
the Exchange's refusal of the Transaction or the objection from the Exchange of
the Transaction described herein; (ii) adverse market conditions; (iii) the
inability of the sponsor, if one is required, to produce a sponsor's report for
any reason whatsoever; and (iv) the inability to complete any requisite
financial statements. Except as required by law, the Company does not intend to
update any changes to such statements. 


Trading in the securities of the Company should be considered speculative. 

The TSX Venture Exchange has in no way passed upon the merits of the proposed
transaction described herein and has neither approved or disapproved the
contents of this news release.
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