Argosy Gaming Company Commences Exchange Offer for Its 7% Senior Subordinated Notes Due 2014

Argosy Gaming Company Commences Exchange Offer for Its 7% Senior
Subordinated Notes Due 2014 


ALTON, Ill., July 9  /PRNewswire-FirstCall/ -- Argosy Gaming Company (NYSE:AGY)
announced today that it has commenced a registered exchange offer to exchange
newly issued 7% Senior Subordinated Notes due 2014, which have been registered
under the Securities Act of 1933 (the "New Notes"), for a like amount of
outstanding 7% Senior Subordinated Notes due 2014, which have not been
registered under the Securities Act (the "Old Notes").

The sole purpose of the exchange offer is to fulfill the obligations of Argosy
under the registration rights agreement entered into in connection with the
sale by Argosy of the Old Notes.  The New Notes issued pursuant to the exchange
offer will have substantially identical terms to the Old Notes.

Any Old Notes not tendered for exchange will remain outstanding and continue to
accrue interest, but will not retain any rights under the registration rights
agreement except in limited circumstances.  The terms of the exchange offer are
contained in an exchange offer prospectus and related letter of transmittal.

The exchange offer will expire at 5:00 p.m., New York City time, on August 6,
2004, unless extended.  Old Notes tendered pursuant to the exchange offer may
be withdrawn at any time prior to the expiration date by following the
procedures set forth in the letter of transmittal.

Argosy Gaming Company is a leading owner and operator of casinos and related
entertainment and hotel facilities in the midwestern and southern 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.

Requests for assistance or for copies of a written exchange offer prospectus
and the related letter of transmittal should be directed to J.P. Morgan Trust
Company, National Association at [phone].  This announcement is not an
offer.  The exchange offer will be made only by means of a written prospectus. 

DATASOURCE: Argosy Gaming Company



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



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

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