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AMEX TO BEGIN TRADING OPTIONS ON CASINO MAGIC CORPORATION

 NEW YORK, June 21 /PRNewswire/ -- The American Stock Exchange today announced that it will open put and call options trading on the over-the-counter stock of Casino Magic Corporation (stock/option symbol: CMAG/CMQ) on Monday, June 28.
 A leading casino company, Casino Magic Corporation of Bay St. Louis, Mississippi, operates a two-story Bay St. Louis-based steel barge gaming casino through one of its subsidiaries. The company also operates a historic hotel, restaurant and bar; a South Dakota gaming casino; and leases and owns other properties specifically geared towards future construction of gaming facilities.
 CMQ will open with position limits of 8,000 contracts and strike prices of 22-1/2, 25 and 30. Initial expiration months will be July, August and November of 1993 and February of 1994. Susquehanna Investment Group will be the specialist unit for the new options.
 The Amex trades a total of 332 stock options, including 89 options on over-the-counter stocks, as well as 43 LEAPS (TM) (Long-term Equity AnticiPation Securities). In addition, options are traded on six broad-market indexes-- the Major Market Index (XMI), the XMI LEAPS(TM) Index (XLT), the S&P MidCap 400 Index (MID), the Institutional Index (XII), the Japan Index (JPN) and the EUROTOP 100 Index (EUR)-- as well as six industry based indexes-- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG), the DRG LEAPS(TM) Index (DGL), The Biotechnology Index (BTK), and the BTK LEAPS (TM) Index (BKL).
 -0- 6/21/93
 /CONTACT: Kathleen Fitzpatrick, manager - derivative securities communications of American Stock Exchange, 212-306-1697/
 (CMAG)


CO: Casino Magic Corporation ST: Mississippi IN: CNO SU:

SH -- NY040 -- 3988 06/21/93 10:47 EDT
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Publication:PR Newswire
Date:Jun 21, 1993
Words:277
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