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Alpha Hospitality Corp. subsidiary is selected as designee of the City of Louisiana, Missouri, as developer of riverboat gaming facility.

NEW YORK--(BUSINESS WIRE)--Feb. 10, 1995--Alpha Hospitality Corp. (NASDAQ: ALHY; BSE: ALH; WARRANTS: NASDAQ: ALHYW; BSE: ALHW) announced today that its wholly-owned subsidiary has been designated by the City of Louisiana, Missouri, as the City's exclusive designee to enter into negotiations with the City to develop a riverboat gaming facility at the City's Mississippi River shoreline.

The company has begun the process to apply for site approval and gaming licensing from the Missouri gaming authorities.

The City of Louisiana is located approximately sixty miles north of metropolitan St. Louis and seventy miles from Springfield, Illinois, that state's capital.

The company anticipates that it will provide a gaming vessel with a capacity of approximately 750 gaming positions. The project cost is presently projected to reach $20 million.

CONTACT: Alpha Hospitality Corp.

Sanford Freedman, 914/747-4506
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Publication:Business Wire
Date:Feb 10, 1995
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