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SAHARA CASINO PARTNERS, L.P. ANNOUNCES FISCAL YEAR-END RESULTS

 SAHARA CASINO PARTNERS, L.P.
 ANNOUNCES FISCAL YEAR-END RESULTS
 LAS VEGAS, Dec. 26 /PRNewswire/ -- Sahara Casino Partners, L.P. (NYSE: SAH) today reported a net loss on increased revenue for the year ended Sept. 30, 1991. The partnership's net loss for the year was ($13,972,236), or ($0.75) per unit, as compared to a net loss of ($2,862,547) or ($0.15) per unit, for fiscal 1990. Revenues for fiscal 1991 increased to $183,203,281 as compared to $164,515,450 for the previous year. The increase is attributable primarily to the addition of the operations of the Santa Fe Hotel & Casino which opened on Feb. 14, 1991. The partnership reported operating income before depreciation and amortization of $37,596,292 for the year ended Sept. 30, 1991, as compared to $41,454,340 for the previous year.
 Management believes that operating results were adversely affected by the construction at the Sahara and Hacienda, the Persian Gulf war earlier in the year, increased capacity in the Las Vegas market, and the national economic recession.
 Paul W. Lowden, chairman of the board, stated, "We do not believe that the results for the fiscal year are representative of what this partnership can obtain in the future having now completed its expansion. While the overall economic environment looks sluggish for the near term, we at Sahara Casino Partners, L.P. are well positioned with our expanded capacity and diversification to benefit from any economic improvement in the industry."
 Sahara Casino Partners, L.P., is the gaming master limited partnership which owns and operates the Sahara, Hacienda, and Santa Fe Hotel/Casinos in Las Vegas and the Pioneer Hotel & Gambling Hall in Laughlin, Nev.
 SAHARA CASINO PARTNERS, L.P.
 FINANCIAL HIGHLIGHTS
 (Unaudited)
 Year ended
 Sept. 30, 1991 Sept. 30, 1990
 Revenues $183,203,281 $164,515,450
 Operating
 income
 before
 deprecia-
 tion and
 amorti-
 zation $37,596,292 $41,454,340
 Deprecia-
 tion and
 amorti-
 zation $17,439,974 $15,867,297
 Operating
 income $20,156,318 $25,587,043
 Net income
 (loss) ($13,972,236) ($2,862,547)
 Net income
 (loss)
 per unit ($0.75) ($0.15)
 Outstanding
 units 18,300,000 18,300,000
 -0- 12/26/91
 /CONTACT: Ronald J. Radcliffe of Sahara Casino Partners, L.P., 702-737-2724/
 (SAH) CO: Sahara Casino Partners ST: Nevada IN: CNO SU: ERN


EH-DM -- LA005 -- 5385 12/26/91 18:03 EST
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Publication:PR Newswire
Date:Dec 26, 1991
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