Hotel Employees & Restaurant Employees International Union
1219 28th Street, N.W.
Washington, D.C. 20007
Toll Free: 1-888-273-4564
April 20, 1999
Dear Santa Fe Gaming Preferred Shareholder:
Santa Fe Gaming's board has shown us what they can do for
Preferred Shareholders: no dividends, negative equity, delisting
of our stock from the AMEX.
Sign the YELLOW proxy card and mail it TODAY to elect 2
independent directors in opposition to management's candidates.
In addition to mailing in your proxy card today, fax
front and back to 1-516[MW1]-254-7622, attention Vote Processing.
Your vote must be received before April 30, 1999 to ensure it is
counted.
Under current management, no cash dividends have been paid on
your shares, and the Company is plagued by losses. Yet, the CEO's
compensation exceeded $1 million last year. And management has
consented to have the stock delisted so it doesn't trade on the
American Stock Exchange anymore.
The largest preferred shareholder has endorsed two independent
candidates in opposition to management's nominees. They are Mr.
John Bradham and Mr. Peter Siris. Both are well qualified and
entirely independent from Santa Fe management and from us. Please
read our Proxy Statement (the one with the YELLOW card) for more
information about the Nominees, the largest preferred
shareholder, and us.
We strongly believe you need independent representation
on the Santa Fe Board.
Sign and Mail (and FAX to 1-516-254-7622 attn: Vote
Processing) your YELLOW card TODAY. The signed YELLOW card must
be received before April 30, 1999 to count. If you own your
shares jointly, remember both owners must sign.
Call us toll free at 1-888-273-4564 if you have any
questions.
Sincerely,
Matthew Walker
Research Director
HERE International Union
1-888-273-4564 toll free
[MW1]Get instructions for how to fax to ADP from Damien or
someone there.
