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CASINO MAGIC REVISES TWO-MONTH OPERATING MARGIN AND REVENUES

 BAY SAINT LOUIS, Miss., Oct. 7 /PRNewswire/ -- Casino Magic Corp. (NASDAQ-NMS: CMAG) said today that estimated operating margin for its Bay Saint Louis casino for the two months ended Aug. 31, was 35 percent, not 33 percent as reported in a Sept. 21 news release.
 The company said that estimated combined net revenues for its two Mississippi Gulf Coast casinos for the two months were $41,341,000 vs. net revenues of $42,723,000 reported in the Sept. 21 release. The previously reported total did not include the usual adjustment for complimentaries.
 The revisions to operating margin and net revenues did not change the previously reported combined operating income of $11.3 million from the two casinos.
 Casino Magic Corp., a Minnesota corporation, with principal offices in Bay Saint Louis, Miss., operates gaming casinos in Bay Saint Louis and Biloxi, Miss., and Deadwood, S.D.
 -0- 10/7/93
 /CONTACT: Doug Ewing of Swenson/Falker Associates, 612-371-0000, for Casino Magic; or Marlin Torguson of Casino Magic Corp., 601-467-9257/
 (CMAG)


CO: Casino Magic Corp. ST: Minnesota, Mississippi IN: CNO SU: ERP

AL -- MN004 -- 1254 10/07/93 09:23 EDT
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Publication:PR Newswire
Date:Oct 7, 1993
Words:190
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