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November 22, 2004



FOR IMMEDIATE RELEASE
November 22, 2004

Racetrack Opens Ahead of Schedule Today

(Opelousas, La.) - Evangeline Downs Racetrack and Casino announced today that the final phase of the operation opened today, three months ahead of schedule. The racetrack portion opened this morning to off track betting patrons.

"This is the big milestone in the construction of Evangeline Downs," said Jonathan Swain, Chief Operating Officer for Peninsula Gaming, LLC. "We've completed the construction in plenty of time to meet the regulatory requirements for the Louisiana Gaming Control Board and the Louisiana Racing Commission as well as our commitment to the horsemen of Louisiana."

Peninsula purchased Evangeline Downs Racetrack in 2002. The company completed the land acquisition package in the fall of 2002 and broke ground in February 2003.

"The opening of the racetrack represents the culmination of the vision of the leaders of the community, the horse racing industry and our company," said Swain. "It's great having our entire operation under one roof. The 18 miles that separated our Opelousas facility from the racing operation in Carencro no longer exists. The family is together just in time for the holidays."

"This makes Evangeline Downs a complete entertainment destination," continued Swain. "Customers can now dine, enjoy live horse racing and entertainment, off track wagering and a casino in one location. It definitely makes us a more efficient operation."

Evangeline Downs Racetrack and Casino is an exciting new development by Peninsula Gaming, LLC and is the first new facility of its kind in the United States to be built from the ground up. The design of the Evangeline Down incorporates a south Louisiana Cajun roadhouse theme on the exterior, with a regional Acadiana atmosphere on the interior.

The Evangeline Downs project was completed in two phases. Phase one included the Casino that opened on December 19, 2003 with slot machines and several dining and entertainment venues.

The Phase Two construction that was just completed includes a one-mile dirt track and stables for 1,000 horses. The Racetrack has grandstand and clubhouse seating for 1,450 patrons and apron and patio space for an additional 3,000 patrons.

A quarter horse race meet begins February 5, 2005 with thoroughbreds racing in early April 2005.

Contact: Julie Calzone, CEO/Calzone & Associates
337.235.2924 ext. 3 | jcalzone@calzone.com

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