President Casinos, Inc.

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International Guild of Hospitality & Restaurant Managers

President Casinos, Inc. (OTC BB:PREZ.OB)

802 North First Street
St. Louis, MO 63102

Phone: (314) 622-3000
Fax: (314) 622-3049
Web: www.presidentcasiono.com
Email: investor@presidentcasino.com
Employees (last reported count): 1,800

President Casinos, Inc., incorporated in June 1992, owns, operates and develops dockside gaming casinos through its subsidiaries. In addition to its gaming operations, the Company owns and manages certain hotel and ancillary facilities associated with its casino operations in Biloxi, Mississippi. The Company also from time to time charters certain of its unused vessels to third parties. The Company has three operating segments: Biloxi Operations, St. Louis Operations and, to a much lesser extent, Corporate Leasing Operations. Prior to the sale of the Company's Davenport properties in fiscal 2001, Davenport operations were considered to be a fourth operating segment.

On April 30, 2001, the Company executed an agreement to sell the assets of Gateway Riverboat Cruises, its non-gaming cruise operations that provide dinner cruise, excursion and sightseeing on two riverboats on the Mississippi River. The transaction was consummated on July 17, 2001. In June 2002, the Company and its wholly owned subsidiary, President Riverboat Casino-Missouri, Inc., filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code.

St. Louis, Missouri Operations

The Company conducts dockside gaming operations on the Company-owned vessel, Admiral, in St. Louis through its wholly owned subsidiary, President Riverboat Casino-Missouri, Inc. The Admiral is approximately 400 feet long, continuously docked north of the base of the Gateway Arch in Laclede's Landing, at a mooring site subleased by the Company from the City of St. Louis Port Commission.

Biloxi, Mississippi Operations

The Company manages its Biloxi gaming operations through its wholly owned subsidiary, The President Riverboat Casino-Mississippi, Inc. Biloxi is located on the Gulf of Mexico 75 miles east of New Orleans. The Company's Mississippi gaming license was last renewed in March 2001 for a two-year period.

Leasing Operations

In addition to the vessels currently owned and utilized in its gaming operations, the Company owns the M/V President Casino-Mississippi and the M/V Surfside Princess (formerly the New Yorker). The M/V President Casino-Mississippi was previously utilized at the Company's Biloxi and Davenport operations. The M/V President Casino-Mississippi is 292-feet long and 65-feet wide, containing approximately 22,000 square feet of gaming space on three decks and formerly accommodated 620 slot machines and 43 table games. The Company is seeking to sell or charter this vessel. On March 29, 2001, the Company executed an installment sale agreement for the M/V Surfside Princess. On October 3, 2001, the Company terminated the installment sale agreement and repossessed the M/V Surfside Princess, due to the inability of the purchasing party to meet the terms of the agreement.

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The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly advised to obtain professional advice with qualified individuals or corporations for any investments of funds.

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