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Black Hawk Gaming Reports Q1 2001 Results

4 May 2001

BLACK HAWK, Colorado –(Press Release) -- May 4, 2001 -- Black Hawk Gaming & Development Company (Nasdaq: BHWK) today announced the results for its first quarter ended March 31, 2001.

Net income for the first quarter decreased to $1.4 million or $0.33 per fully diluted share compared to net income of $1.8 million or $0.44 per fully diluted share for the comparable quarter last year. First quarter net revenue increased to $23.5 million from $20.3 million for the same quarter last year.

Headquartered in Black Hawk, Colorado, Black Hawk Gaming & Development Company, Inc. is the owner and operator of the Gilpin Hotel Casino in Black Hawk, the Gold Dust West Casino in Reno, Nevada and 75% owner and operator of The Lodge Casino at Black Hawk.

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