Coast Casinos Agreement With Orange County

PRNewswire LAS VEGAS Nov. 17 :

Coast Casinos, Inc., announced today that its operating subsidiary, Coast
Hotels and Casinos, Inc., had acquired an ownership interest in Orange
County Development, LLC, a limited liability company formed to pursue the
operating agent contract that will be awarded by the Indiana Gaming
Commission for a proposed riverboat gaming operation in Orange County,
Indiana. The facility will be located in or near the towns of French Lick
and West Baden Springs, Indiana, in an area designated by the State of
Indiana as a Historic Hotel District.

Coast will be the manager of Orange County Development, LLC, which
includes among its current members Larry Bird, a native of French Lick.
Bird, a former professional basketball player, commented, “I`m excited
about Orange County Development entering into an agreement with Coast
Hotels and Casinos. This brings us closer to our goal of creating
much-needed new jobs and generating revenues to help revitalize the
Springs Valley area.”

Coast Hotels and Casinos is a Las Vegas, Nevada-based gaming company that
owns and operates four Las Vegas hotel-casinos, The Orleans, the Gold
Coast, the Suncoast and the Barbary Coast. Collectively, the hotel-casinos
include over 8,000 slot machines, 212 gaming tables, 2,750 hotel rooms and
employ approximately 7,500 people. Coast Chairman and CEO, Michael
Gaughan, who has over 40 years of experience in the gaming business, is
excited about the project in Indiana. He commented, “We think that gaming
is a good fit for south-central Indiana and look forward to presenting our
credentials to the French Lick—West Baden Springs Historic Hotel
Preservation Commission as well as to the Indiana Gaming Commission. We
certainly hope one day to have the opportunity to develop a facility that
will benefit the residents of Orange County and the State of Indiana.”

Orange County Development is an Indiana LLC organized to pursue a gaming
operation in Orange County, Indiana. Besides Larry Bird, its members
include House Financial, LLC, former Nevada Governor Robert F. List and
Indiana businessmen Lucien H. Meis and William T. Kelsey. Meis, a lifelong
resident of Indiana and a business partner of Larry Bird, commented on the
agreement with Coast, saying, “We`ve been in discussions with several
gaming companies to develop and run the riverboat operation should we be
awarded the operating agent contract. As part of the process, we engaged
in extensive due diligence to find an operator with a reputation of good
character, quality operations and financial integrity. In choosing to
partner with Coast and Michael Gaughan, we found a company with an
impeccable reputation for quality, value, customer satisfaction, employee
relations and community service.”