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RIO ANNOUNCES SEC REGISTRATION STATEMENT

 LAS VEGAS, Oct. 13 /PRNewswire/ -- Rio Hotel & Casino Inc. (NASDAQ-NMS: RIOH) ("Rio") announced today that the company is filing today a Registration Statement with the Securities and Exchange Commission covering an underwritten public offering of 2,000,000 shares of its Common Stock to be sold by the company and 500,000 shares of Common Stock to be sold by a selling stockholder. The offering, which will be made only by means of a prospectus, is expected to be made in November 1993. Proceeds from the offering will be used to fund future planning and expansion of the Rio Suite towers and public areas, including a new $10,000,000 casino expansion expected to be commenced in the spring of 1994; to explore the feasibility of additional gaming opportunities in Las Vegas and other jurisdictions; and pending such applications, to reduce the company's revolving bank loan. Raymond James & Associates Inc. and Volpe, Welty & Co. are acting as the Managing Underwriters. The company will not receive any proceeds from the sale of shares of Common Stock by the selling stockholder.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 A prospectus respecting the offering may be obtained from Volpe, Welty & Co. at One Maritime Plaza, 11th Floor, San Francisco, CA 94111, 415-956-8120; or Raymond James & Associates Inc. at 880 Carillon Parkway, St. Petersburg, FL 33716, 813-573-3800.
 -0- 10/13/93
 /CONTACT: James A. Barrett Jr., president of Rio Hotel & Casino, 702-252-7733/
 (RIOH)


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

JL-LM -- SD003 -- 1473 10/13/93 08:03 EDT
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Publication:PR Newswire
Date:Oct 13, 1993
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