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ITT SHERATON TO BUILD MID-SOUTH DOCK-SIDE CASINO, THE COMPANY'S SECOND CASINO BOAT IN THE UNITED STATES

 BOSTON, May 19 /PRNewswire/ -- Making its second casino boat announcement in three weeks, ITT Sheraton Corporation announced today that it will develop a 25,000 square foot dock-side casino to serve the four million residents of the Memphis, Tenn. and Mid-South metropolitan areas, which consist of Memphis, Nashville, Tenn, and Little Rock, Ark.
 The dock-side casino, to be located less than 20 miles from Memphis on nothern Tunica County, Miss., will be one of the closest gaming operations to Memphis. The casino will be wholly owned and operated by Sheraton.
 "This continues our progress with ITT Sheraton's global effort to expand gaming operations," said John V. Giovenco, ITT Sheraton president and chief operating officer.
 "We view the Mid-South as a strategic location for gaming development due to its strong base of vacation travelers and convention attendees," he added.
 Three weeks ago, ITT Sheraton announced that it will build a riverboat casino, LADY SHERATON, a 1,450-passenger riverboat to be docked at the Toulouse Street Wharf in the heart of the French Quarter in New Orleans and only five blocks from the 1,100-room Sheraton New Orleans Hotel.
 Subject to licensing, the dock-side casino in Tunica County will feature approximately 1,000 machines and 25 tables. The casino complex will include restaurants, entertainment areas and retail shops, for which details will be established during the design phase of the development.
 Sheraton also has applied for gaming licenses in New Jersey, Louisiana and in Nevada and has been "short-listed" by the Victorian Casino Control Authority as one of three finalists among an initial field of 23 contenders to operate a casino in Melbourne, Australia. The company has existing gaming operations in Cairo, Egypt; St. Maarten, French Antilles and Townsville, Queensland in Australia.
 Boston-based ITT Sheraton Corporation, a subsidiary of ITT Corporation, is a worldwide network of more than 400 owned,leased, managed and franchised properties, including 293 upscale and luxury hotels, resorts and all-suites and 121 inns in 61 countries.
 ITT Corporation, ITT Sheraton's parent company, is a $23 billion diversified multinational corporation engaged in eight product and service businesses.
 -0- 5/19/93
 /CONTACT: Dolores Sanchez of ITT Sheraton, 617-367-5481/


CO: ITT Sheraton Corp. ST: Massachusetts IN: LEI SU:

SM -- NE001 -- 0182 05/19/93 10:01 EDT
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Publication:PR Newswire
Date:May 19, 1993
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