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SAHARA RESORTS ANNOUNCES FIRST QUARTER RESULTS

 SAHARA RESORTS ANNOUNCES FIRST QUARTER RESULTS
 LAS VEGAS, Feb. 3 /PRNewswire/ -- Sahara Resorts (NASDAQ: SHRE)


today reported a 33 percent increase in revenues or $51,991,205 for the quarter ended Dec. 31, 1991, compared to $38,974,573 for the comparable period of 1990. For the three months ended Dec. 31, 1991, operating income before interest, depreciation and amortization represented 25 percent of gross income, and increased 53 percent to $13,000,225 as compared to $8,507,130 for the comparable period in the prior year.
 The net loss for the quarter was ($2,210,297) as compared to ($850,529) for the comparable period in 1990.
 Paul Lowden, chairman of Sahara Resorts, stated that "as a result of the addition of the Santa Fe and the new towers at the Sahara and Hacienda, the company was able to occupy approximately 57,000 additional room nights in the quarter ended Dec. 31 as compared to the prior year. Operating results at the Santa Fe have shown significant improvement over the quarter, with record high revenues being achieved in November and then exceeded in December. In addition, revenues and operating income before depreciation and amortization increased at each of the company's three other hotel/casinos."
 Sahara Resorts is the managing general partner of Sahara Casino Partners L.P., the limited partnership which owns and operates the Sahara and Hacienda hotel/casinos on the strip, the new Santa Fe Hotel and Casino in northwest Las Vegas and the Pioneer Hotel & Gambling Hall in Laughlin, Nev.
 SAHARA RESORTS FINANCIAL HIGHLIGHTS
 (unaudited)
 Quarter Ended
 Dec. 31,
 1991 1990
 Revenues $51,991,205 $38,974,573
 Operating income before depreciation
 and amortization $13,000,225 $8,507,130
 Net income
 (loss) ($2,210,297) ($850,529)
 Net income (loss) per share ($.65) ($.25)
 Average shares outstanding 3,417,600 3,405,600
 -0- 2/3/92
 /CONTACT: Ronald J. Radcliffe of Sahara Resorts, 702-737-2724/
 (SHRE) CO: Sahara Resorts ST: Nevada IN: CNO LEI SU: ERN


KJ-CH -- LA031 -- 6293 02/03/92 15:37 EST
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Publication:PR Newswire
Date:Feb 3, 1992
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