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SAHARA RESORTS ANNOUNCES POSSIBLE RESTRUCTURING AND REFINANCING

 LAS VEGAS, Feb. 18 /PRNewswire/ -- Sahara Resorts (NASDAQ: SHRE), a Nevada corporation, announced today that it has engaged Bear, Stearns & Co. Inc. and Donaldson, Lufkin & Jenrette Securities Corp. to provide financial advice in connection with the possible business combination of the company with Sahara Casino Partners L.P., a Delaware limited partnership (NYSE: SAH) in which the company owns a majority interest, and to assist in the potential refinancing of certain indebtedness of the combined companies.
 Paul Lowden, chairman and president of the company, stated, "Our engagement of financial advisers was the logical next step in our previously announced plans to carefully consider the possible combination of these companies. We are hopeful that such a combination, together with refinancings of partnership debt, will result in substantial savings and improved liquidity."
 Sahara Resorts and its affiliates hold approximately 63 percent of the outstanding equity in Sahara Casino Partners. Sahara Casino Partners owns and operates the Sahara Hotel and Casino, the Hacienda Resort Hotel and Casino and Santa Fe Hotel and Casino in Las Vegas and the Pioneer Hotel and Gambling Hall in Laughlin, Nev.
 -0- 2/18/93
 /CONTACT: Ronald J. Radcliffe of Sahara Resorts, 702-737-2724/
 (SHRE SAH)


CO: Sahara Resorts; Sahara Casino Partners L.P. ST: Nevada IN: CNO LEI SU: RCN

LS-JB -- LA049 -- 8068 02/18/93 16:15 EST
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Publication:PR Newswire
Date:Feb 18, 1993
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