Exhibit 99.2

                                 PRESS RELEASE 

FOR IMMEDIATE RELEASE                                   Contact: G. Dan Marshall
                                                                    618-474-7667

                         Argosy Gaming Company To Pursue
                        $200 Million Private Placement of
                            Senior Subordinated Notes

         Argosy Gaming Company announced today that it is pursuing through a 
private placement the issuance of $200 million of Senior Subordinated Notes 
due 2009.

         The Senior Subordinated Notes will rank equally with all of the 
Company's other unsecured senior subordinated indebtedness and will be junior 
to the Company's senior indebtedness. The Senior Subordinated Notes will be 
guaranteed by substantially all of the Company's wholly-owned subsidiaries.

         Proceeds from the Senior Subordinated Notes offering, together with 
borrowings under the Company's anticipated new credit facility and cash on 
hand, will be used to refinance substantially all of the Company's 
outstanding indebtedness.

         The Senior Subordinated Notes will not be registered under the 
Securities Act of 1933 and may not be offered or sold in the United States 
absent registration or an applicable exemption from the registration 
requirements of the Securities Act of 1933. The Company has agreed that after 
the issuance of the Senior Subordinated Notes it will file a registration 
statement relating to an exchange offer for the Senior Subordinated Notes 
under the Securities Act of 1933.

         Argosy is a leading multi-jurisdictional owner and operator of 
riverboat casinos and related entertainment and hotel facilities in the 
midwestern and southern United States. Argosy, through its subsidiaries and 
joint ventures, owns and operates the Alton Belle Casino in Alton, Illinois, 
serving the St. Louis metropolitan market; the Argosy Casino in Riverside, 
Missouri, serving the greater Kansas City metropolitan market; and the Belle 
of Baton Rouge, Louisiana. Argosy is also a majority partner and operator of 
the Belle of Sioux City in Sioux City, Iowa, and the Argosy Casino & Hotel in 
Lawrenceburg, Indiana, serving the Cincinnati and Dayton metropolitan markets.