Argosy Gaming Company Announces Redemption of All of Its Remaining 10-3/4% Senior Subordinated Notes

Argosy Gaming Company Announces Redemption of All of Its
Remaining 10-3/4% Senior Subordinated Notes 


ALTON, Ill., April 27  /PRNewswire-FirstCall/ -- Argosy Gaming Company ,
announced today that it has called for redemption all of its remaining
outstanding 10-3/4% Senior Subordinated Notes due 2009 ("Notes") pursuant to
section 3.07 of the Indenture dated as of June 8, 1999.  The Notes will be
redeemed in full on June 1, 2004 ("the redemption date") at a redemption price
of $1,107.50 per $1,000 principal amount, representing 105.375% of the
principal amount thereof plus $53.75 per $1,000 principal amount in accrued
interest from the most recent interest payment date through the redemption
date.

The Company had previously purchased $329,326,000, or 94%, of its outstanding
10-3/4% Notes pursuant to a tender offer undertaken in conjunction with the
February 8, 2004 issuance by the Company of $350 million of new 7% Senior
Subordinated Notes due 2014.  Pursuant to the terms of the 10-3/4% Notes
indenture, the $20,674,000 remaining outstanding 10-3/4% Notes will be paid in
full and cancelled on the redemption date.

Argosy Gaming Company is a leading owner and operator of six casinos located in
the central United States. Argosy owns and operates the Alton Belle Casino in
Alton, Illinois, serving the St. Louis metropolitan market; the Argosy Casino-
Riverside in Missouri, serving the greater Kansas City metropolitan market; the
Argosy Casino-Baton Rouge in Louisiana; the Argosy Casino-Sioux City in Iowa;
the Argosy Casino-Lawrenceburg in Indiana, serving the Cincinnati and Dayton
metropolitan markets; and the Empress Casino Joliet in Illinois serving the
greater Chicagoland market. 

DATASOURCE: Argosy Gaming Company



CONTACT:  Erin Williams of Argosy Gaming Company, [phone]



Web site:  http://www.argosycasinos.com/ 

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