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RIO ANNOUNCES EARLY OPENING OF NEW SUITES

 LAS VEGAS, July 6 /PRNewswire/ -- Rio Hotel & Casino Inc. (NASDAQ-NMS: RIOH) ("Rio") announced today that construction of the Rio Suite Hotel & Casino's new 437-suite hotel tower is ahead of schedule. Originally anticipated for completion by December 1993, it is now expected that 250 suites will be available for occupancy on Labor Day weekend and the remaining 187 suites will be available for occupancy by November 1993. Upon completion of the new tower, the Rio will consist of 861 suites. The tower project, started in January 1993, also includes several public area additions. A new seafood restaurant, "Buzios" opened in May; 3,000 additional square feet of meeting room space became available in June; and an expansion of the "Beach Cafe" will be completed by November 1993. The entire project, estimated at $37.0 million, remains on budget.
 While the hotel tower expansion continues, ground breaking for the Rio's new $25.0 million casino and public area expansion will be held July 23, 1993. This new project will include a 25,000-square-foot expansion of the casino which will accommodate approximately 12 table games and up to 500 slot machines; a new 130-seat themed restaurant; a new 450-seat one-of-a-kind entertainment complex and restaurant area; a 36,000-square-foot expansion of the Rio's beach pool area with a second swimming pool and additional recreation areas; and a 135,000-square- foot, two-level parking garage with parking spaces for approximately 434 vehicles. This expansion will take place on the Rio's east side and be completed in phases by April 1994. The resulting expanded casino will be approximately 79,000 square feet.
 Chairman Anthony A. Marnell II stated: "The planned early opening of the new suite tower is made possible by the efforts of our employees and contractors -- we thank them. We continue to experience strong demand for our suites and look forward to having the additional 437 suites ready for the fall season. Ground breaking for the new public area expansion continues our objective of expanding the Rio to meet customer demand."
 The Rio, located on a 45-acre site in Las Vegas, is an all-suite hotel/casino presently consisting of 424 suites and a 54,000-square-foot casino. The Rio was designed to permit multiple expansions in accordance with a conceptual master plan and received zoning approval for 2,400 rooms.
 -0- 7/6/93
 /CONTACT: James A. Barrett Jr., president of Rio Hotel & Casino, 702-252-7733/
 (RIOH)


CO: Rio Hotel & Casino Inc. ST: Nevada IN: CNO LEI SU: PDT

JL-MF -- SD002 -- 8473 07/06/93 08:01 EDT
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Publication:PR Newswire
Date:Jul 6, 1993
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