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Argosy Gaming Tops List of Missouri Public Companies

14 May 2002

ALTON, Illinois – (Press Release) -- Argosy Gaming Company (NYSE: AGY) was named the No. 1 public company by the St. Louis Post-Dispatch in the paper's annual ranking of the Top 50 public companies in the greater St. Louis region. Argosy, headquartered in Alton, IL, is the first gaming company to lead the Post-Dispatch ranking, and was the No. 2 company in 2000 and 2001.

According to the Post-Dispatch story, Argosy was helped to the top of the list by a profit of $66.09 million on $784.75 million in revenue, a 46% increase over the company's $45.4 million in net income the previous year. To qualify for the list, a company must be based in Eastern Missouri or Southern Illinois; be publicly traded and have annual sales in excess of $1 million. Each company receives a weighted composite score of key performance measures that include revenue growth, growth in earnings, percentage change in sales and total revenue.

"Our employees work hard to create the kind of facilities and atmosphere that attract loyal customers, and it is their outstanding efforts that enabled us to reach the top of this very prestigious list," said Jim Perry, Argosy's President and Chief Executive Officer. "We continue to strive to be recognized as the premier operator of riverboat casinos in the United States, and are pleased that we continue to increase the value of the company for our shareholders."

Argosy was named "Company of the Year" in 2000 by Casino Executive Magazine, Best Board of Directors in 2001 by the American Gaming Association, and the Best Performing Stock 1999 - 2001 by Money Magazine in January 2002, with a compound annual return of 133.7 percent. In August 2001, the stock was also added to the S&P SmallCap 600 Index.

Argosy is a leading owner and operator of riverboat casinos and related entertainment and hotel facilities in the midwestern and southern United States. Argosy owns and operates the Alton Belle Casino in Alton, Illinois, serving the St. Louis metropolitan market; the Argosy Casino-Riverside in Missouri, serving the greater Kansas City metropolitan market; the Argosy Casino-Baton Rouge in Louisiana; the Belle of Sioux City in Iowa; the Argosy Casino-Lawrenceburg in Indiana, serving the Cincinnati and Dayton metropolitan markets; and the Empress Casino Joliet in Illinois serving the greater Chicagoland market.

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