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Non-Tech : Casino Resource (CSNR--Nasdaq NMS)

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To: hoopsville who wrote (88)6/29/1998 6:08:00 PM
From: hoopsville   of 110
 
NEWS TODAY

Monday June 29, 1:41 pm Eastern Time

Company Press Release

SOURCE: Casino Resource Corp.

Casino Resource Corporation Completes Sale of Hinckley
Hotel

OCEAN SPRINGS, Miss., June 29 /PRNewswire/ -- Casino Resource Corporation (Nasdaq: CSNR - news), a Minnesota corporation headquartered in Ocean Springs, Miss. announced today that it has closed the sale of its Hinckley hotel property to the Mille Lacs Band of Ojibwe Indians. The sale price was $5.5 million.

Casino Resource Corporation is a diversified entertainment and gaming enterprise. The Company owns and operates the 2,000-seat Country Tonite Theatre in Branson, Mo., and leases and operates the 1,500-seat Country Tonite Theatre in Pigeon Forge, Tenn. In addition, the Company
owns Country Tonite Enterprises, an award-winning theatrical roduction company in Las Vegas, Nev. (producers of the ''Country Tonite Show''). Further, the Company has entered into strategic alliances with Harrah's Entertainment for the development of Indian gaming properties in Michigan and Indiana. The Company has opened and operates a casino and 500-seat theatre in Sousse, Tunisia.

SOURCE: Casino Resource Corp.
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