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SAHARA RESORTS ANNOUNCES IMPROVED FIRST QUARTER RESULTS

 LAS VEGAS, Jan. 29 /PRNewswire/ -- Sahara Resorts (NASDAQ: SHRE) today reported revenues for the quarter ended Dec. 31, 1992, of $59.2 million, a 13.8 percent increase over the same period in the prior year. Operating income before depreciation and amortization was $15.4 million for the quarter. This represents an 18.7 percent increase over that reported for the same quarter last year. The company's gross operating margin improved to 26.1 percent and the net loss improved to $371,000 as compared to $2.2 million for the same period last year.
 Chairman of the Board Paul W. Lowden attributed the improved results to major increases in gaming revenues primarily from slot machines at the company's three Las Vegas properties.
 Sahara Resorts owns the general partners of Sahara Casino Partners L.P., the gaming master limited partnership which owns and operates the Sahara, Hacienda and Santa Fe hotel/casinos in Las Vegas and the Pioneer Hotel and Gambling Hall in Laughlin, Nev.
 SAHARA RESORTS
 Financial Highlights
 Quarter Ended
 Dec. 31,
 1992 1991
 Revenues $59,183,009 $51,991,205
 Operating income before depreciation
 and amortization $15,432,742 $13,000,225
 Depreciation and amortization $5,628,910 $5,746,245
 Operating income $9,803,832 $7,253,980
 Net income (loss) ($371,217) ($2,210,297)
 Net income (loss) per share ($0.11) ($0.65)
 Outstanding shares 3,417,600 3,417,600
 -0- 1/29/93
 /CONTACT: Ronald J. Radcliffe of Sahara Resorts, 702-737-2724/
 (SHRE)


CO: Sahara Resorts ST: Nevada IN: CNO LEI SU: ERN

KJ-EH -- LA023 -- 0816 01/29/93 13:58 EST
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Publication:PR Newswire
Date:Jan 29, 1993
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