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Black Hawk Gaming Retains Carl Thompson Associates

23 March 2000

BLACK HAWK, Colo., March 23 (Press Release) - Black Hawk Gaming & Development Company, Inc. (Nasdaq: BHWK) has retained Carl Thompson Associates, one of the nation's leading investor relations firms, to help maximize shareholder value through a national proactive investor relations program over the next 12 months.

Based in Black Hawk, Colorado, Black Hawk Gaming is the largest gaming company operating in Colorado. The company's two casinos, the Gilpin Hotel Casino and The Lodge Casino, contain 1,300 slot machines and 35 table games.

The company recently announced plans to purchase the Gold Dust West Casino in Reno, Nevada, marking its first expansion into a market outside of Colorado.

"We are very happy to be working with Carl Thompson Associates," said Stephen R. Roark, President and Chief Financial Officer of Black Hawk Gaming. "We have a lot of exciting things happening right now. We expect 2000 to bean eventful year, including the acquisition of the Gold Dust West Casino in Reno, Nevada, taking our business beyond the borders of Black Hawk and Colorado," he said.

Black Hawk Gaming is a Colorado gaming company which owns the Gilpin Hotel Casino and 75% interest in The Lodge Casino. Both properties are located in the historic mining town of Black Hawk, Colorado.

Based in Louisville, Colorado, Carl Thompson Associates is one of the nation's leading investor relations firms with clients in a dozen states. Since 1985, the agency has helped more than 400 public companies increase their shareowner value through a professional, cost-effective approach to investor relations.

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