Atem is a spoiled Prince but a fair Pharaoh. Things change two times in his life: A gypsy woman gives birth in secret but she is caught, and the father is one of the Pharaoh's close circle. She dies in childbirth, and some people demand the baby go with her, but young Atem demands his father give him the baby whom he raises as his brother Yugi. A lovely boy Atem keeps inside and close by as his princess and plots to make him queen unknown to the natural and naive beauty.
Then, traveling gypsies arrive for a festival for the princess's birthday, and Yugi shows a reluctant Atem one of them. A beautiful dancer and magician called Yamiko and Atem's plot extends to this gypsy as well. Atem hears the gypsy leader deem Yamiko a traitor and his scheme of murder against the ones he loves...