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BALLY MANUFACTURING CHAIRMAN OUTLINES CONTINUED GROWTH PLANS; PROGRESS ON EXPANSION OF CASINO GAMING AND FITNESS CENTERS CITED

 CHICAGO, May 5 /PRNewswire/ -- At its annual meeting, Bally Manufacturing Corporation (NYSE: BLY) Chairman, CEO and President Arthur M. Goldberg told shareholders, "The company is moving aggressively forward to expand its casino gaming and fitness operations. Bally's renewed growth opportunities are directly attributable to our completion of all restructuring goals a full year ahead of schedule."
 Mr. Goldberg referred to recently announced plans to operate dockside casinos in Biloxi and Tunica, Miss., as part of the company's expansion into new water- and land-based casino gaming markets throughout the U.S.
 "Simultaneously Bally's Health & Tennis Corporation has undertaken expansion in the lucrative Southern California market. We are also in the initial stages of developing a program to franchise and license our valuable, nationally-recognized name and fitness center leadership."
 "Our 1992 financial advances clearly demonstrate the improvement in Bally's two core businesses and the tremendous strides management has taken over the past two years to restore operating income and cash flow through operational efficiencies, marketing savvy and debt reduction. We can all look forward to an even better company in the future which will reward shareholders with superior investment returns," Goldberg concluded.
 Bally Manufacturing Corporation is one of the world's foremost operators of casino hotel resorts and fitness centers.
 -0- 5/5/93
 /CONTACT: Laurie N. Terry or Michael Levine of MWW/Strategic Communications, Inc., 201-342-9500, for Bally Manufacturing Corporation/
 (BLY)


CO: Bally Manufacturing Corporation ST: Illinois IN: LEI SU:

SM -- NY046 -- 4835 05/05/93 11:32 EDT
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Date:May 5, 1993
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