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INTERNATIONAL GAMING MANAGEMENT TO ACQUIRE THIRD MISSISSIPPI CASINO SITE; SITE ON GULF COAST, LESS THAN ONE HOUR FROM NEW ORLEANS

 MINNEAPOLIS, Aug. 17 /PRNewswire/ -- International Gaming Management, Inc. (NASDAQ: IGMM) ("IGM"), a diversified gaming company, announced today that it has signed an agreement to acquire a 13-acre casino site, from LLL Properties, Inc. for up to 1,750,000 shares of IGM common stock.
 Located in Henderson Point, Pass Christian Isles on the western border of Harrison County, Miss., it is the company's third proposed casino location in the state. The property is at the furthest tip of the 28-mile Gulf Coast area and is situated immediately off the eastern edge of the four-lane Highway 90 bridge that leads to the popular resort district. The property is less than an hour's drive from New Orleans and is approximately one mile east of Bay St. Louis.
 "Mississippi continues to exhibit excellent long-term gaming growth potential, and IGM intends to be a leader in this market," said W. Bucky Howard, IGM chairman.
 Howard said IGM plans to build a 60,000 square-foot casino on an 80,000 square-foot barge, pending state gaming licensing approval. Additional non-casino facilities will be built on the adjoining land.
 The property will feature approximately 1,000 slot machines and 70 table games, an upscale restaurant, buffet and entertainment lounge, and parking for over 750 automobiles. Howard said the company is targeting a 1994 opening.
 The company's other proposed gaming locations are in D'Iberville and Greenville, both previously site approved by the Mississippi State Gaming Commission. IGM has applied for gaming licenses from the state authorities.
 International Gaming Management, Inc. headquartered in Minneapolis is a diversified gaming corporation with interests in casino gaming and electronic gaming device distribution to the Indian gaming market. In addition, the company, through Louisiana Gaming Management, Inc., a consolidated affiliate, operates Louisiana's largest video lottery terminal (VLT) route operation.
 -0- 8/17/93
 /CONTACT: Douglas Polinsky of IGM, 612-546-8140/
 (IGMM)


CO: International Gaming Management, Inc. ST: Minnesota IN: CNO SU: TNM

MP-SH -- NY012 -- 3421 08/17/93 09:10 EDT
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Publication:PR Newswire
Date:Aug 17, 1993
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