AGY Argosy Gaming

Argosy Gaming Company Announces Expiration of Its Cash Tender Offer ALTON, Ill., March 1 /PRNewswire-FirstCall/ -- Argosy Gaming Company , announced today that as of 11:59 p.m., New York City time on February 27, 2004, its tender offer (the "Tender Offer") to purchase up to all of its outstanding 10-3/4% Senior Subordinated Notes due 2009 (the "10-3/4% Notes") had expired and that an additional $9,000 principal amount of outstanding 10-3/4% Notes had been validly tendered, not withdrawn and accepted for purchase. The tender consideration is $1,081.53 per $1,000 principal amount of 10-3/4% Notes, plus accrued interest. On February 12, 2004, the Company previously purchased $329,317,000 principal amount of 10-3/4% Notes pursuant to the Tender Offer. In total, the Company purchased an aggregate of $329,326,000 principal amount, or 94%, of 10-3/4% Notes pursuant to the Tender Offer, leaving $20,674,000 principal amount of 10-3/4% Notes outstanding. Pursuant to the indenture under which the 10-3/4% Notes were issued, beginning June 1, 2004, the Company may redeem, at its option, any or all of the 10-3/4% Notes that remain outstanding. The Tender Offer was funded with proceeds from the Company's February 12, 2004 private offering of $350,000,000 of 7% Senior Subordinated Notes due 2014. 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, Vice President and Treasurer of Argosy Gaming Company, +1-618-474-7500 Web site: http://www.argosycasinos.com/

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