Herbst Acquisition of The Sands Regent Closes

Jan 04, 2007, 00:00 ET from The Sands Regent

    RENO, Nev., Jan. 4 /PRNewswire-FirstCall/ -- The Sands Regent (Nasdaq:  
 SNDS) announced today its proposed acquisition by privately held Herbst
 Gaming Inc. has closed.
     Herbst is paying approximately $119 million in cash for the outstanding
 securities of The Sands Regent. On May 16, 2006, Herbst entered into an
 agreement to acquire The Sands Regent, pursuant to which The Sands Regent's
 shareholders received $15.00 per share in cash. The Sands Regent operates
 casinos and tourist-based facilities, including Rail City Casino in Sparks,
 Nevada; the Sands Regency Casino Hotel in downtown Reno, Nevada; the Gold
 Ranch Casino and RV Resort in Verdi, Nevada; and Depot Casino and Red Hawk
 Sports Bar in Dayton, Nevada.
     About Herbst Gaming
     Herbst Gaming is an established casino and slot route operator in the
 State of Nevada. Additional information is available in the "Investor
 Relations" section of the Company's website at www.herbstgaming.com.
     This press release may be deemed to contain certain forward-looking
 statements with respect to the business, financial condition, and results
 of operations of the Company and its subsidiaries which involve risks and
 uncertainties, including, but not limited to, financial market risks,
 economic conditions, regulatory matters and litigation and other risks
 described in the filings of the Company with the Securities and Exchange
 Commission. These forward-looking statements generally can be identified by
 phrases such as the Company "believes," "expects," "anticipates,"
 "foresees," "forecasts," "estimates," or other words or phrases of similar
 import. Such forward-looking information involves important risks and
 uncertainties that could significantly affect results in the future and,
 accordingly, such results may differ from those expressed in any
 forward-looking statements made by or on behalf of the Company. For more
 information, review the Company's filings with the Securities and Exchange
     ISIN US8000911003
     Ferenc B. Szony, President and Chief Executive Officer
     The Sands Regent
     (775) 348-2210
     Sean Collins, Senior Partner
     CCG Investor Relations
     (310) 477-9800
     Mary Beth Higgins
     Herbst Gaming
     (702) 740-4576

SOURCE The Sands Regent