EXHIBIT 99
CONTACT: Ralph J. Vaclavik
President Casinos, Inc.
St. Louis, Missouri 63102
314-622-1806
FOR IMMEDIATE RELEASE
PRESIDENT CASINOS, INC.
COMPLETES SALE OF DAVENPORT ASSETS
ST. LOUIS, MISSOURI, October 10, 2000 -- President Casinos, Inc. (OTC:PREZ)
announced that today it completed a sale agreement with Isle of Capri Casinos,
Inc. under which Isle of Capri acquired the assets of President's Davenport,
Iowa casino and hotel operations for $58.2 million in cash. As previously
announced, the Company intends to use the proceeds to pay down debt as part of
its plan to restructure its balance sheet.
John S. Aylsworth, President and Chief Operating Officer, said, "This sale of
our Davenport assets is a significant first step toward a major restructuring
of the debt of President Casinos."
President Casinos, Inc. owns and operates dockside gaming facilities in
Biloxi, Mississippi and downtown St. Louis, Missouri near the base of the
Gateway Arch.
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