Sands Regent Announces Board Changes

PRNewswire-FirstCall RENO, Nev. Nov. 6 :

The Sands Regent announced today that longtime Board of Directors Chairman
Katherene Latham and Board member Peter Cladianos, Jr. have retired from
the Board, but will continue to advise the Company as consultants. In
addition, the Company announced that current Board member Jon N. Bengtson,
59, has been elected Chairman, while Douglas M. Hayes, 59, has joined the
Board as an independent member.
Mr. Bengtson has served as a Director of The Sands Regent since August
1984. Since January 1998, he has held various positions with Sharegate,
Inc., a telecommunications company, and since July 2000, he has served as
its Chief Financial Officer and Director. Since January 1996, he has
served as Chairman of the Board of Directors of Radica Games, Limited,
where he was Executive Vice President and Chief Operating officer from
January 1996 to January 1998.

Mr. Hayes has headed Hayes Capital Corporation, based in Los Angeles,
since 1997. He also served as Chairman of Compass Aerospace Corporation
from 1998 to 2002. Previously, he was Managing Director of Donaldson,
Lufkin & Jenrette between 1986 and 1997; of Merrill Lynch Capital Markets,
1984 to 1986, and of A.G. Becker & Company, 1974 to 1984. He is a veteran
of the U.S. Navy, having attained the rank of Lieutenant. JG, and holds a
BA from Dartmouth College and an MBA from Harvard Business School. He
serves as an independent director and on board committees for Reliance
Steel & Aluminum, Circor International, Inc. and GameTech International.
He is active in a number of community and charitable concerns.

“Over the years, we have come to value the insights and guidance of
Katherene Latham and Pete Cladianos very highly,” commented Ferenc Szony,
the Company`s President and Chief Executive Officer. “We wish them well in
their further endeavors and look forward to continuing to receive their
counsel as expert outside consultants. At the same time, we are pleased to
announce that Jon Bengtson has agreed to build upon his distinguished
record of service to our Company as our new Chairman of the Board. We also
welcome Douglas Hayes, whose background in finance and investing and
experience as an outside director will bring worthwhile new
growth-oriented perspectives to the Board. We are pleased to increase the
independence of our Board by means of these changes, and are proud to be
among the companies that set higher corporate governance standards by
electing our Directors annually.”
The Sands Regent owns and operates the Sands Regency Casino and Hotel in
downtown Reno, Nevada and Gold Ranch Casino and RV Resort in Verdi,
Nevada. The Sands Regency is an 850-room hotel and casino with 29,000
square feet of gaming space offering table games, keno, bingo and slot
machines. In addition to complete amenities and on-site brand-name
restaurants, the Company`s property also includes a 12,000-square-foot
convention and meeting center which seats close to 1,000 people.

The Gold Ranch Casino and RV Resort is located in Verdi, Nevada, twelve
miles west of Reno. Gold Ranch offers approximately 275 slot machines in
an 8,000 square foot casino, two restaurants, two bars, a 105-space RV
park, a California lottery station, an ARCO gas station and a convenience
Statements contained in this release, which are not historical facts, are
“forward-looking” statements as contemplated by the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject
to risks and uncertainties, including the potential impact of future
gaming regulatory decisions, general and regional economic conditions,
competition in the Reno area and from California Native American casino
operations, the Company`s possible need for outside financing to pursue
its growth plans, and other risk factors detailed from time-to-time in The
Sands Regent`s periodic reports and registration statements filed with the
Securities and Exchange Commission. Such risks could cause actual results
to differ materially from those projected or implied in the
forward-looking statements.


For further information please contact: Ferenc Szony, President and CEO of
The Sands Regent, +1-775-348-2210, or fax, +1-775-348-6241; or Sean
Collins, Partner of CCG Investor Relations, +1-818-789-0100, or fax,
+1-818-789-1152, for The Sands Regent.