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LADY LUCK GAMING CORP. WILL NOT APPEAL LOUISIANA DECISION

 LAS VEGAS, Nov. 16 /PRNewswire/ -- Lady Luck Gaming Corp. (NASDAQ-NMS: LUCK) announced today that it will not pursue judicial remedies in connection with the issuance of a certificate of preliminary approval granted to Jazz Enterprises for a gaming project in Baton Rouge, La. Michael Hlavsa, chief financial officer, stated that, "The Baton Rouge project was never in our earnings projection for 1994 because Louisiana had granted all available preliminary licenses before our initial public offering. Our joint venture partners did purchase the Capital House Hotel recently, but Lady Luck has no financial responsibility in connection with the purchase. In fact, our total development costs for this proposed project were less than $50,000. The Baton Rouge project was never included among the four casino projects Lady Luck anticipates opening in calendar 1994." On Friday, the Louisiana Riverboat Gaming Commission approved a modification to the Jazz application to include Argosy Gaming Co. as its casino operator.
 "While we are disappointed in the decision," Andrew Tompkins, chief executive officer, said, "we will pursue other opportunities in Louisiana."
 Lady Luck Gaming Corp. operates casinos in Natchez and Tunica, Miss., and Central City, Colo., and is pursuing opportunities in other emerging gaming jurisdictions. Its common stock is listed on the NASDAQ National Market system under the symbol LUCK.
 -0- 11/16/93
 /CONTACT: Michael Hlavsa, CFO, 702-477-3000/
 (LUCK)


CO: Lady Luck Gaming Corp.; Jazz Enterprises ST: Nevada IN: CNO SU:

NY-EH -- SD002 -- 4208 11/16/93 16:28 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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