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SAHARA RESORTS OF LAS VEGAS COMMENCES TRADING ON THE AMERICAN STOCK EXCHANGE

 NEW YORK, Sept. 9 /PRNewswire/ -- Sahara Resorts began trading its common stock on the American Stock Exchange. The company previously traded on NASDAQ's National Market.
 Sahara Resorts common stock, trading under the ticker symbol "SRE", opened at 21-1/4 (bid) to 21-3/4 (ask).
 The company has selected AGS Specialist Partners as its specialist firm.
 Sahara Resorts is a holding company for a majority interest in Sahara Casino Partners, L.P., the owner and operator of three casino hotels in Las Vegas and one casino hotel in Laughlin, Nev. Sahara Resorts is headquartered in Las Vegas.
 Paul W. Lowden, chairman and chief executive officer of Sahara Resorts stated, "We are pleased that in connection with the proposed reorganization of Sahara Resorts and Sahara Casino Partners, L.P., Sahara Resorts has begun trading its common stock on the American Stock Exchange. We believe that the auction market system is a fair system of trading and feel that this move is in the best interest of Sahara Resorts and its stockholders. Additionally, Sahara Gaming Corporation, which will be the surviving entity in the proposed reorganization of Sahara Resorts and Sahara Casino Partners, L.P., has been approved for listing on the AMEX upon official notice of the issuance of its common and preferred stock."
 The American Stock Exchange occupies a unique niche among U.S. financial markets. It is the only exchange to successfully provide both a primary equities market for growth companies and a principal market for derivatives. The American Stock Exchange is dedicated to providing both public and professional investors with superior trading products and services at competitive prices.
 -0- 9/9/93
 /CONTACT: Melissa Grand, manager-communications of the American Stock Exchange, 212-306-1635/
 (SRE)


CO: Sahara Resorts ST: Nevada IN: LEI ENT SU:

TS -- NY017 -- 0221 09/09/93 10:17 EDT
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Publication:PR Newswire
Date:Sep 9, 1993
Words:302
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