EXHIBIT 99.01


PRESS RELEASE


Thursday, January 28, 1999

Louisiana Casino Cruises, Inc. Closes $55 Million Note Offering


Louisiana Casino Cruises, Inc. (the "Company") announced that on January 27,
1999 it had completed the sale of $55 million of its 11% Senior Secured Notes
due 2005. The notes are secured by substantially all of the assets of the 
Company and will rank senior in right of payment to any subordinated
indebtedness of the Company and equal to any senior indebtedness. The notes
were sold in a private placement with registration rights.

The proceeds from the offering will be used to defease and redeem $50 million 
of its outstanding Senior Secured Increasing Rate Notes due 2001 and for
general corporate purposes.

The Company owns and operates Casino Rouge, the leading riverboat gaming
facility in Baton Rouge, Louisiana. The Company's executive offices are located
at 1717 North River Road, Baton Rouge, Louisiana, 70802 and its telephone
number is (225) 709-7777.