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SAHARA RESORTS ANNOUNCES FISCAL YEAR-END RESULTS

 LAS VEGAS, Dec. 30 /PRNewswire/ -- Sahara Resorts (NASDAQ: SHRE) today reported record operating income before depreciation and amortization of $55.9 million on all-time high revenues of $222 million for the fiscal year ended Sept. 30, 1992. Compared to the prior year, this represents a 21 percent increase in revenues and a 45 percent increase in operating income before depreciation and amortization. This was the first full year of operations with the increased capacity from the development and completion of the Santa Fe Hotel and Casino and the expansions and renovations of the Sahara and Hacienda. The net loss improved to $6.5 million from $9.1 million in fiscal 1991.
 Sahara Resorts owns the general partners of Sahara Casino Partners L.P., the gaming master limited partnership which owns and operates the Sahara, Hacienda and Santa Fe Hotel/Casinos in Las Vegas and the Pioneer Hotel and Gambling Hall in Laughlin, Nev. Each of these properties achieved year-to-year increases in revenues in spite of the nation's economic condition.
 SAHARA RESORTS
 Financial Highlights
 Year Ended
 Sept. 30,
 1992 1991
 Revenues $221,997,947 $182,914,822
 Operating income before deprec.
 & amort. $55,932,256 $38,582,335
 Depreciation & amortization $23,321,851 $17,490,692
 Operating income $32,610,405 $21,091,643
 Net income (loss) ($6,476,089) ($9,068,520)
 Net income (loss) per share ($1.89) ($2.65)
 Outstanding shares 3,417,600 3,416,600
 -0- 12/30/92
 /CONTACT: Ronald J. Radcliffe of Sahara Resorts, 702-737-2724/
 (SHRE)


CO: Sahara Resorts ST: Nevada IN: CNO LEI SU: ERN

KJ-LS -- LA027 -- 0762 12/30/92 18:15 EST
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Date:Dec 30, 1992
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