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BOOMTOWN RELEASES SECOND QUARTER RESULTS

 RENO, Nev., April 28 /PRNewswire/ -- Boomtown (NASDAQ: BMTN) today announced it experienced lower earnings for its second quarter and six months ended March 31, 1993, compared to the prior-year results, primarily because of severe and persistent winter storms during December 1992 and January and February 1993.
 Second quarter revenues amounted to $10.7 million compared with $11.4 million a year earlier. Net income for the quarter was $48,000, equal to 1 cent per share, compared to $229,000, or 6 cents per share, in the corresponding quarter of fiscal 1992. Weighted average shares outstanding were 6.7 million during the second quarter of fiscal 1993 and 3.7 million during the same period of 1992.
 Revenues for the six months ended March 31, 1993, were $23.3 million compared with $23.6 million last year. Net income for the period was $227,000, equal to 2 cents per share, which includes an extraordinary loss in the first quarter of $312,000, or 5 cents per share, for early extinguishment of debt. For the first half of fiscal 1992, net income was $479,000, or 13 cents per share.
 Boomtown Inc., a public company since October 1992, owns and operates a western-themed casino approximately seven miles west of Reno. The facilities include a 29,000-square-foot casino, a 122-room hotel, a 16-acre truck stop, a 203-space full-service recreational vehicle park and other related amenities.
 BOOMTOWN INC.
 Consolidated Statement of Income Data
 (In thousands, except per share data)
 Three Months Ended Six Months Ended
 March 31, March 31,
 1993 1992 1993 1992
 Net revenues
 Casino 7,970 9,014 17,312 18,282
 Other 2,703 2,403 5,980 5,348
 Total 10,673 11,417 23,292 23,630
 Non-cash compensation
 charge for SAR and
 stock option plans 0 289 0 433
 Other operating expenses 9,416 9,038 19,921 18,831
 Depreciation and
 amortization 929 833 1,817 1,680
 Total 10,345 10,160 21,738 20,944
 Income from operations 328 1,257 1,554 2,686
 Interest expense, net 246 790 682 1,715
 Income before extraordinary
 loss and income taxes 82 467 871 971
 Provision for income taxes 34 188 333 392
 Income before extraordinary
 loss 48 279 538 579
 Extraordinary loss --
 extinguishment of debt,
 net of tax 0 0 312 0
 Net income $48 $279 $226 $579
 Income before extraordinary
 loss applicable to common
 stock $48 $229 $488 $479
 Income before extraordinary
 loss per share of common
 stock $0.01 $0.06 $0.07 $0.13
 Extraordinary loss
 per share --- --- ($0.05) ---
 Total $0.01 $0.06 $0.02 $0.13
 Weighted average shares
 outstanding 6,698 3,708 6,665 3,708
 -0- 4/28/93
 /CONTACT: Timothy Parrott, chairman and CEO of Boomtown, 702-345-8680/
 (BMTN)


CO: Boomtown Inc. ST: Nevada IN: CNO LEI SU: ERN

KJ-LS -- LA030 -- 2117 04/28/93 14:03 EDT
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Date:Apr 28, 1993
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