Southwest Casino Corporation Announces 2005 Earnings.

MINNEAPOLIS -- Southwest Casino Corporation (OTCBB:SWCC) announced today that, for the year ended December 31, 2005, Southwest had net earnings of $566,350 on revenues of $20,713,018, or $0.03 per outstanding share ($0.03 per share on a fully-diluted basis). This represents an improvement of $0.41 per share in earnings over the year ended December 31, 2004, when Southwest reported a net loss of ($4,358,016) or ($0.38) per share on revenues of $20,208,617.

The following table summarizes Southwest Casino Corporation's earnings:

2005          2004   % Change
Revenue                          $20,713,018   $20,208,617        2.5%
Income                              $566,350   $(4,358,016)         -
Earnings per share                      0.03         (0.38)         -

About Southwest Casino Corporation

Southwest Casino Corporation develops, owns, operates, manages and provides consulting services to casinos, gaming facilities and related amenities. Southwest owns and operates three casinos in Cripple Creek, Colorado. Southwest manages the Lucky Star Casino facilities in Concho and Clinton, Oklahoma under a management agreement with the Cheyenne and Arapaho Tribes of Oklahoma and recently entered into an agreement, which must be approved by the National Indian Gaming Commission, to manage a casino for the Otoe-Missouria Tribe of Indians in Oklahoma. Southwest owns a 50 percent membership interest in North Metro Harness Initiative, LLC, which holds licenses to develop and operate a harness racetrack in Columbus Township in the Twin Cities Metropolitan Area. Southwest's corporate offices are located at 2001 Killebrew Drive, Suite 350, Minneapolis, Minnesota 55425.

This Press Release does not constitute an offer of to sell or solicitation of an offer to buy any securities.

This Press Release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements regarding Southwest Casino Corporation that are not historical in nature, particularly those that utilize terminology such as "may," will," "should," "likely," "expects," "anticipates," "estimates," "believes," or "plans," or comparable terminology, are forward-looking statements. These forward-looking statements are based on current expectations and assumptions, and entail various risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Important factors known to Southwest Casino Corporation that could cause results to differ materially from those expressed in forward-looking statements are described in the Company's periodic reports filed with the Securities and Exchange Commission, including those factors discussed on pages 11 to 19 of Southwest Casino Corporation's Form 10-KSB filed March 31, 2006, which discussion is incorporated by reference. Southwest Casino Corporation does not undertake to update any forward-looking statements; however, it may choose from time to time to update them and if it should do so, it will disseminate the updates to the investing public.