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Argosy Gaming Company Names New Senior Vice President

15 March 2004

ALTON, Illinois – (Press Release) -- Argosy Gaming Company today announced the appointment of John J. Jones as Senior Vice President, General Counsel and Corporate Secretary. Mr. Jones will report directly to Richard J. Glasier, Argosy's President and Chief Executive Officer.

Jones comes to Argosy following a year in which he served as Managing Director of Edward Andrews Group, Inc., a New York City boutique investment banking firm serving middle market firms, as well as an investor in and board member of Legal Advantage Services Inc. Jones also served as outside corporate counsel for various companies.

From July of 1998 to December of 2002, Jones was Executive Vice President and General Counsel of RCN Corporation, a Nasdaq-listed Princeton, New Jersey telecommunications company that provides bundled phone, cable and high-speed internet services over its own broadband fiber optic network. Jones was responsible for all legal matters, managed the execution of more than $4 billion of public and private financing and was heavily involved in the company's M&A activities. During 1998 to 2001, he was also Executive Vice President and General Counsel of Commonwealth Telephone Enterprises, Inc., a Nasdaq-listed telecommunications company.

"John is an outstanding legal talent who will provide a positive impact throughout our corporate operation," said Dick Glasier, President and Chief Executive Officer of Argosy Gaming Corporation. "His valuable contributions will be wide-ranging and based on experience with a diversity of business interests."

Jones began his legal career in 1991 as a corporate attorney with the law firm Skadden, Arps, Meagher and Flom in New York City. He advised and counseled clients regarding initial public offerings, tender offers, mergers and acquisitions, debt transactions and general corporate matters. From January 1996 to December 1997, Jones was Vice President and General Counsel for Designer Holdings Ltd, a NYSE-listed apparel company which owned the Calvin Klein Jeans business. Jones managed their initial public offering, was responsible for all legal matters, served as strategic advisor to the Chief Executive Officer and developed and implemented an international anti- counterfeiting program to protect the Calvin Klein brand.

Jones received an undergraduate degree from Cornell University and graduated summa cum laude from Boston University School of Law. He is residing in Clayton, Missouri.

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