Hotel Online Special Report
Hollywood Park, Inc. Receives Indiana Gaming License for Casino/Hotel on Ohio River. 
Will build $150 Million Dollar Resort/Casino 
INGLEWOOD, Calif., Sept. 14, 1998 -  Hollywood Park, Inc. (NYSE: HPK) today announced that the Indiana Gaming Commission has awarded the company the State's last remaining riverboat gaming license for the Ohio River, which was applied for by Hollywood Park's Boomtown subsidiary in December 1995.

The Indiana facility, estimated to cost approximately $150 million, is to be located on the Ohio River in Switzerland County approximately 35 miles south of Cincinnati, Ohio. The facility will include a cruising riverboat with 38,000 square feet of gaming space and supporting land-based facilities that will include 309 hotel rooms and suites, an 18-hole golf course, a 14,000-square-foot multi-purpose special events center, and several restaurants and retail operations. The facility is expected to begin operations in 18 months.

"We have exciting plans for the latest addition to Hollywood Park's growing presence in the gaming and entertainment business," said R.D. Hubbard, Hollywood Park's chairman and CEO. "We're pleased that the Indiana Gaming Commission decided in our favor, and we look forward to offering our guests the area's premiere gaming facility with state-of-the-art entertainment."

Hollywood Park Inc., headquartered in Inglewood, Calif., is a gaming and entertainment holding company. It owns and operates Boomtown, Inc. with casinos in Reno, Nev., Biloxi, Miss., and New Orleans; the Hollywood Park Race Track, one of America's premier thoroughbred racing facilities and site of the 1997 Breeders Cup(R); Turf Paradise Inc., a premier thoroughbred racing facility in Phoenix. Ariz.; and the Hollywood Park-Casino. The company owns and leases the Radisson Crystal Park Hotel and Casino in Crystal City, Calif. Hollywood Park Race Track and Hollywood Park-Casino are situated on 378 acres near Los Angeles International Airport. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. 

The information contained in this news release, other than historical data, contains statements that are forward-looking, such as references to plans for the expansion of the Company's business and development of properties. Forward-looking information involves important risks and uncertainties, including but not limited to, certain governmental approvals and environmental permits necessary for the Indiana project, that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in forward-looking statements made by or on behalf of the Company. For more information on the potential factors which could affect the Company's financial results, review the Company's filings with the Securities and Exchange Commission, including the Company's annual report on Form 10-K and the Company's other filings with the SEC, including the Company's Joint Proxy/Prospectus dated Sept. 20, 1996.

R.D. Hubbard, Chairman and CEO 
or G. Michael Finnigan
President, Sports and Entertainment
both of Hollywood Park, Inc.
Also See:
Hollywood Park Board of Directors Retains Existing C Corp. Structure as Vehicle for Growth / July 1998 
Four Top Executives of Horseshoe Gaming Agree to Join Hollywood Park / Sept 1998 

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