EXHIBIT 99.3
DIAMOND JO, LLC
PENINSULA GAMING CORP.
PENINSULA GAMING, LLC
Offer to Exchange All Outstanding
8 3/4% Senior Secured Notes due 2012
in Exchange for
8 3/4% Senior Secured Notes due 2012
That Have Been Registered Under
the Securities Act of 1933,
As Amended
To Our Clients:
Enclosed for your consideration is a prospectus dated July [__], 2004 (the
"Prospectus"), and the letter of transmittal (the "Letter of Transmittal"),
relating to the offer (the "Exchange Offer") of Diamond Jo, LLC ("DJL"), a
Delaware limited liability company, Peninsula Gaming Corp. ("PGC", formerly
named The Old Evangeline Downs Capital Corp.), a Delaware corporation, and
Peninsula Gaming, LLC ("PGL", and together with DJL, the "Issuers") to exchange
their 8 3/4% Senior Secured Notes due 2012 that have been registered under the
Securities Act of 1933, as amended, for their outstanding 8 3/4% Senior Secured
Notes due 2012 (the "Old Notes"), upon the terms and subject to the conditions
described in the Prospectus and the Letter of Transmittal. The Exchange Offer is
being made in order to satisfy certain obligations of the Issuers contained in
the exchange and registration rights agreement in respect of the Old Notes,
dated April 16, 2004, by and among the Issuers and the initial purchasers
referred to therein.
This material is being forwarded to you as the beneficial owner of the Old
Notes held by us for your account but not registered in your name. A tender of
such Old Notes may only be made by us as the holder of record and pursuant to
your instructions.
Accordingly, we request instructions as to whether you wish us to tender
on your behalf the Old Notes held by us for your account, pursuant to the terms
and conditions set forth in the enclosed Prospectus and Letter of Transmittal.
Your instructions should be forwarded to us as promptly as possible in
order to permit us to tender the Old Notes on your behalf in accordance with the
provisions of the Exchange Offer. The Exchange Offer will expire at 5:00 p.m.,
New York City time, on __________, 2004 (the "Expiration Date"), unless extended
by the Issuers. Any Old Notes tendered pursuant to the Exchange Offer may be
withdrawn at any time before the Expiration Date.
Your attention is directed to the following:
1. The Exchange Offer is for any and all Old Notes.
2. The Exchange Offer is subject to certain conditions set forth in the
Prospectus in the section captioned "The Exchange Offer--Conditions of the
Exchange Offer."
3. Subject to the terms and conditions in the Prospectus and the Letter of
Transmittal, any transfer taxes incident to the transfer of Old Notes from the
Holder to the Issuers will be paid by the Issuers.
4. The Exchange Offer expires at 5:00, New York City time, on _________,
2004, unless extended by the Issuers.
If you wish to have us tender your Old Notes, please so instruct us by
completing, executing and returning to us the instruction form on the back of
this letter. The Letter of Transmittal is furnished to you for information only
and may not be used directly by you to tender Old Notes.
-2-
INSTRUCTIONS WITH RESPECT TO THE EXCHANGE OFFER
The undersigned acknowledge(s) receipt of your letter and the enclosed
material referred to therein relating to the Exchange Offer made by Diamond Jo,
LLC ("DJL"), a Delaware limited liability company, Peninsula Gaming Corp.
("PGC", formerly named The Old Evangeline Downs Capital Corp.) and Peninsula
Gaming, LLC ("PGL", and together with DJL and PCG, the "Issuers") with respect
to their Old Notes.
This will instruct you to tender the Old Notes held by you for the account
of the undersigned, upon and subject to the terms and conditions set forth in
the Prospectus and the related Letter of Transmittal.
The undersigned expressly agrees to be bound by the enclosed Letter of
Transmittal and that such Letter of Transmittal may be enforced against the
undersigned.
Please tender the Old Notes held by you for my account as indicated below:
Aggregate Principal Amount of Old Notes
---------------------------------------
8 3/4% Senior Secured Notes due 2012.......... $_______________________________
________________________________
Dated:___________________________, 2004 ________________________________
Signature(s)
________________________________
________________________________
Please print name(s) here
________________________________
________________________________
________________________________
Address(es)
________________________________
Area Code and Telephone Number
________________________________
Tax Identification or
Social Security No(s).
None of the Old Notes held by us for your account will be tendered unless
we receive written instructions from you to do so. Unless a specific contrary
instruction is given in the space provided, your signature(s) hereon shall
constitute an instruction to us to tender all the Old Notes held by us for your
account.