AT THE COMPANY:
- - ---------------
Edward M. Tracy
President and Chief
Executive Officer
609-383-3333

FOR IMMEDIATE RELEASE
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April 30, 1996

               CAPITAL GAMING ANNOUNCES FINAL REGULATORY APPROVAL
                        TO SALE OF LOUISIANA SUBSIDIARY

         ATLANTIC CITY, N.J., April 30 /PRNewswire/ -- Capital Gaming
International, Inc. (OTC Bulletin Board: GDFI) announced that the Louisiana
State Police, Riverboat Gaming Enforcement Division, had approved the sale of
its Louisiana subsidiary, Crescent City Capital Development Corp. ("Crescent
City") at a hearing held in Baton Rouge, Louisiana, today. Crescent City is
being sold to Casino Magic Corp. (Nasdaq: CMAG) for $50 million plus the
assumption of up to $6.5 million in certain equipment liability. The transaction
received the approval of the Louisiana Riverboat Gaming Commission in March of
this year.

         Commenting on recent developments, Edward M. Tracy, Capital Gaming's
President and CEO, stated, "The Company is pleased to have successfully achieved
this final regulatory approval and thereby has satisfied all material conditions
precedent of the sale of the New Orleans subsidiary which we anticipate
concluding within two weeks."

         Based in Atlantic City, New Jersey, Capital Gaming International is a
multi-jurisdictional casino development and management company with interests in
the Native American gaming market.