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DION ENTERTAINMENT AMENDS TERMS OF $17 MILLION FINANCING

 TORONTO, Sept. 30 /PRNewswire/ -- On July 16, 1993, Dion Entertainment Corp. (Dion) issued 3,000,000 special warrants exercisable without payment of further consideration to acquire one common share of Dion at a price of $5.75 per special warrant. Following the announcement by the Ontario government that the proposal of Dion Showboat Corporation to manage and develop the Windsor Casino was not accepted, Dion has entered into an agreement with Gordon Capital Corporation and First Marathon Securities Limited pursuant to which the terms of the special warrants are to be amended to increase the number of shares to be received upon exercise of each special warrant from one to 1.4375 common shares. Gross proceeds of the offering of special warrants of $17,250,000 will be paid into the treasury of Dion upon filing of a final prospectus. The amendments to the special warrants are subject to approval of The Toronto Stock Exchange.
 Dion is the first Canadian publicly traded gaming company and is one of the largest providers of facilities for the operation of commercial bingo halls in Canada. Dion is also the exclusive distributor in Canada of all gaming equipment manufactured by Bally Gaming, Inc. of Las Vegas, a wholly owned subsidiary of Bally Gaming International, Inc. (NASDAQ: BGII).
 Dion is a public company listed on The Toronto Stock Exchange under the symbol DIO.
 -0- 9/30/93
 /CONTACT: Alan F. Campney, chairman, 604-736-4846 or Alain Lambert, investor relations director, 514-393-7212 of Dion Entertainment Corp.; Brad Griffiths, director of Gordon Capital Corporation, 416-868-5425/
 (BGII)


CO: Dion Entertainment Corp.; Bally Gaming International, Inc. ST: Ontario IN: ENT SU: OFR

SM -- NY098 -- 7444 09/30/93 16:04 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
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