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CASINO MAGIC CORP. REPORTS FEBRUARY NET GAMING REVENUES OF $12.5 MILLION IN BAY SAINT LOUIS CASINO

 BAY SAINT LOUIS, Miss., March 3 /PRNewswire/ -- Casino Magic Corp. (NASDAQ-NMS: CMAG) said today that net gaming revenues for its Bay Saint Louis casino were approximately $12.5 million for the month of February.
 Marlin F. Torguson, president and chief executive officer of Casino Magic, said, "Customer traffic has been strong since the first of the year, and our February business was helped by additional traffic due to the celebration of Mardi Gras. Net gaming revenues at the Bay Saint Louis casino continue to meet or exceed our expectations. In total, our net gaming revenues for the first two months of the current quarter were approximately $24 million."
 The Bay Saint Louis casino, which first opened for business on Sept. 30, 1992, operates 1,069 slot machines, 64 table games and a 35-seat Keno.
 Casino Magic said the development of its second casino on the Gulf Coast, located in Biloxi, Miss. is proceeding on schedule. The new casino, which was granted a gaming license on Jan. 27 under the Mississippi Gaming Control Act, is scheduled to open in two phases beginning in late May. The first phase of the casino will feature about 650 slot machines, 40 table games, Keno, a 300-seat buffet and a fast- food restaurant. A second phase, with an additional 375 slot machines and 25 table games, is planned for a July opening.
 Casino Magic said that it is also continuing, as part of its ongoing business activities, to evaluate potential sites for new casino operations in a wide variety of locations.
 Casino Magic Corp., a Minnesota corporation, has its principal offices in Bay Saint Louis, and operates gaming casinos in Bay Saint Louis, and Deadwood, S.D.
 The common stock of Casino Magic Corp. is listed on the NASDAQ National Market System under the symbol CMAG.
 -0- 3/3/93 R
 /CONTACT: Doug Ewing of Swenson Falker Eilertsen, 612-371-0000, for Casino Magic; Marlin Torguson or Joe Anderson of Casino Magic 601-467-9257/
 (CMAG)


CO: Casino Magic Corporation ST: Minnesota, Mississippi IN: CNO SU:

AL -- MN008 -- 2685 03/03/93 18:03 EST
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Publication:PR Newswire
Date:Mar 3, 1993
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