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SPORT OF KINGS ANNOUNCE LICENSE APPROVAL FOR SPORTS, HORSE RACE AND SLOT MACHINE BETTING

 SPORT OF KINGS ANNOUNCE LICENSE APPROVAL
 FOR SPORTS, HORSE RACE AND SLOT MACHINE BETTING
 LAS VEGAS, Aug. 7, /PRNewswire/ -- Sport of Kings, Inc. (NASDAQ: ODDS) announced today that on Aug. 6, 1992, the Nevada Gaming Commission unanimously approved the application of the company and its subsidiary for licensure for sports betting, horse race betting and slot machines. Pursuant to the Commission's order granting the applications, operations cannot commence until the company has sold and received payment for a minimum of $4 million in equity financing within 90 days of the Commission's decision. Although the company is hopeful that it will raise such funds, there can be no assurance that it will be able to complete such financing.
 -0- 8/7/92
 /CONTACT: Dennis L. Amerine, president of Sport of Kings, 702-893-3500, or fax 702-893-3576/
 (ODDS) CO: Sport of Kings ST: Nevada IN: CNO SU:


LD-TM -- NY002 -- 7874 08/07/92 08:00 EDT
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Publication:PR Newswire
Date:Aug 7, 1992
Words:153
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