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GRAND CASINOS REPORTS THE GULFPORT REVENUES

 MINNEAPOLIS, June 22 /PRNewswire/ -- Grand Casinos, Inc. (NASDAQ-NMS: GRND) today announced total revenue of $13.3 million for its Gulfport, Miss. casino's first full 30 days of operation. Slot revenue per unit per day, a key casino productivity indicator, averaged $180 during the 30 days. Tom Brosig, president, said "while it is not customary for us to report interim sales results and this release should not be construed as precedent setting, the misinformation and rumor surrounding the operation of our Gulfport casino needed to be clarified. Many of our shareholders asked we do this and we are responding to that group."
 Operationally, the Gulfport facility which opened on May 14, 1993, has out performed the company's expectations. "These results are encouraging when you consider they were accomplished with little or no marketing effort," said Brosig. However, the company cautions that short term interim results may not be indicative of results for the year.
 The company's next reporting period will be for the fiscal quarter ending July 4, 1993. Information for that quarter is expected to be filed with the SEC on form 10Q by Aug. 18, 1993.
 Grand Casinos develops and manages casino gaming facilities in emerging gaming markets on both Indian and company-owned sites. Grand Casinos, Inc. is traded on the NASDAQ National Market System under the symbol GRND.
 For more information on Grand Casinos via facsimile at no cost, simply dial 1-800-PRO-INFO and enter company code 079.
 -0- 6/22/93
 /CONTACT: Tom Brosig, President of Grand Casinos, 612-449-9092; Michael Rosenbaum, 312-266-7800, or Sue Caulton, 415-986-1591, both of the Financial Relations Board, for Grand Casinos/
 (GRND)


CO: Grand Casinos, Inc. ST: Minnesota, Mississippi IN: CNO SU:

AL -- MN007 -- 4623 06/22/93 14:14 EDT
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Publication:PR Newswire
Date:Jun 22, 1993
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