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SPORT OF KINGS REPORTS ITS SECURITIES DELETED FROM NASDAQ SMALL CAP MARKET

 LAS VEGAS, June 23 /PRNewswire/ -- Sport of Kings, Inc. (the "company") (OTC), which opened its race book facility in Las Vegas in October 1992, reported that its securities have been deleted from The Nasdaq Small-Cap Market.
 Although the company's securities have been deleted from The Nasdaq Small-Cap Market, its securities should continue to be traded in the over-the-counter market and be listed in the "pink sheets" promulgated by the National Quotation Bureau, Incorporated. In addition, the company announced that it hopes to have the company's securities listed in the OTC Bulletin Board as soon as possible.
 The company also reported that William J. Vargas has resigned as a director of the company effective immediately, and as acting president, acting chief executive officer and chief financial officer of the company, effective as of June 29, 1993. The company announced that Blas Molto, who has been director of operations at the Sport of Kings facility since operations commenced in October 1992, will serve as acting president and chief operating officer until a permanent replacement can be found for Mr. Vargas.
 The company reported that it is in the process of seeking financing to allow the company to remain operational. The company announced that although certain interest has been generated, no assurance can be given that the company will be able to arrange any such financing on terms acceptable to the company. The company further indicated that it continues to maintain adequate reserves mandated by the Nevada Gaming Control Board to insure that its gaming patrons are protected.
 -0- 6/23/93
 /CONTACT: Mr. Blas Molto of Sport of Kings, Inc., 702-893-3500/


CO: Sport of Kings, Inc. ST: Nevada IN: CNO SU:

MP-OS -- NY020 -- 4906 06/23/93 09:54 EDT
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Publication:PR Newswire
Date:Jun 23, 1993
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