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Archon Plans Las Vegas Strip Development

8 December 2003

LAS VEGAS – (Press Release) -- Archon Corporation (OTC Bulletin Board: ARHN) announced today it plans to construct and operate a full facility hotel, casino and entertainment complex on its 27-acre parcel of land located at 2601 Las Vegas Boulevard South, in Las Vegas, Nevada. Archon has teamed with renowned architect Veldon Simpson to deliver a spectacular product to the Las Vegas Strip.

Integrated into the hotel design is a 600- foot observation wheel that will transport guests to a height above the hotels, delivering breathtaking views of the Las Vegas Strip, as well as the entire Las Vegas Valley. The master plan includes a variety of room products, convention space, restaurants, retail space, gaming facilities and entertainment venues all in a setting that promises to deliver an experience unlike any other in Las Vegas.

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