TCR_Public/960102.MBX BANKRUPTCY CREDITORS' SERVICE, INC.



Crown Casino agrees to exchange its
        interest in Lake Charles Project for Casino America Stock

        
            DALLAS--Jan. 2, 1996--Crown Casino Corporation
        (NASDAQ:DICE) today announced they have reached an agreement in
        principle with Casino America, Inc. whereby Crown will exchange its
        remaining 50% interest in St. Charles Gaming Company, Inc. ("SCGC")
        for 1,850,000 registered shares of Casino America common stock, and
        the modification and enhancement of certain payment and other terms
        of an existing $20 million note issued by Louisiana Riverboat Gaming
        Partnership ("LRGP") to Crown, which increases the number of shares
        of Casino America stock Crown may purchase pursuant to warrants from
        416,667 shares to 833,334 shares.  The warrants are exercisable by
        converting a portion of the LRGP note into Casino America stock at
        $12.00 per share.  SCGC owns the Isle of Capri themed riverboat
        gaming casino in Lake Charles, Louisiana which is being operated by
        Casino America.
        


            Presently, SCGC is owned 50% by Crown and 50% by LRGP, a joint
        venture owned 50% by Casino America and 50% by Louisiana Downs, Inc.
        


         LRGP owns the Isle of Capri themed dockside riverboat casino in
        Bossier City, Louisiana.  Casino America has announced that it (i)
        has entered into an agreement with Louisiana Downs, Inc. which
        grants to Casino America an exclusive option to purchase the 50%
        interest in LRGP it does not already own, and (ii) has entered into
        an agreement with Grand Palais
Riverboat, Inc.
("GPRI") and several
        creditor groups to acquire GPRI out of bankruptcy and move its
        riverboat casino to SCGC's site in Lake Charles, Louisiana.
        


            Closing of the Crown/Casino America transaction is subject to
        the satisfaction of a number of conditions including (i) execution
        of a definitive purchase agreement, (ii) Casino America acquiring
        GPRI and relocating its riverboat casino to SCGC's site in Lake
        Charles, Louisiana, and (iii) obtaining necessary lender and
        regulatory approvals.
        


            Edward R. McMurphy, President of Crown Casino stated "We believe
        this transaction will be beneficial to Crown as it provides us with
        greater liquidity, which puts us in a better financial position to
        pursue the acquisition and/or development of other casino gaming
        projects.  In addition, it diversifies our interest in SCGC over a
        much broader base of casino gaming properties while still allowing
        us to participate in the success of the Lake Charles project."
        


        CONTACT:  Crown Casino Corporation, Dallas,
                  Edward R. McMurphy, 214/352-7561
        




        CASINO AMERICA AGREES TO EXCHANGE STOCK FOR CROWN CASINO'S INTEREST
        IN LAKE CHARLES PROJECT

        
            BILOXI, Miss., January 2, 1996 -- Casino America, Inc.
        (Nasdaq: CSNO) today announced it has reached an agreement in
        principle whereby Crown will exchange its remaining 50% interest in
        St. Charles Gaming Company, Inc. ("SCGC") for 1,850,000 registered
        shares of Casino America common stock and the modification and
        enhancement of certain payment and other terms of an existing $20
        million note issued by Louisiana Riverboat Gaming Partnership
        ("LRGP") to Crown, which increases the number of shares of Casino
        America stock Crown may purchase pursuant to warrants from 416,667
        shares to 833,334 shares. The warrants are exercisable by converting
        a portion of the LRGP note into Casino America stock at $12.00 per
        share.  SCGC owns the Isle of Capri themed riverboat gaming casino
        in Lake Charles, Louisiana which is being operated by Casino
        America.

        
            Presently, SCGC is owned 50% by Crown and 50% by LRGP, a joint
        venture owned 50% by Casino America and 50% by Louisiana Downs, Inc.
        LRGP owns the Isle of Capri themed dockside riverboat casino in
        Bossier City, Louisiana.  Casino America has announced that it (i)
        has entered into an agreement with Louisiana Downs, Inc. which
        grants to Casino America an exclusive option until March 31, 1996 to
        purchase the 50% interest in LRGP it does not already own; and (ii)
        has entered into an agreement with href="chap11.gpalais.html">Grand Palais Riverboat Inc.
        ("GPRI") and several creditor groups to acquire GPRI out of
        bankruptcy and move its riverboat casino to SCGC's site in Lake
        Charles, Louisiana.
   

     
           Closing of the Crown/Casino America transaction is subject to the
        satisfaction of a number of conditions including (i) execution of a
        definitive purchase agreement; (ii) Casino America acquiring GPRI
        and relocating its riverboat casino to SCGC's site in Lake Charles,
        Louisiana; and (iii) obtaining necessary lender and regulatory
        approvals.

        
            Bernard Goldstein, Chairman of Casino America, stated, "The
        transactions if consummated would substantially increase Casino
        America's operations.  With our new management team now in place we
        are in a position to take full advantage of these opportunities.
   

     
            Casino America, Inc. owns and operates four riverboat and
        dockside casinos.  The Company currently operates the Isle of Capri
        Casino in Biloxi, Mississippi, the Isle of Capri Casino in
        Vicksburg, Mississippi and the Isle of Capri Casino in Bossier City,
        Louisiana.  The Isle of Capri Casino in Bossier City; Louisiana is a
        joint venture between Casino America, Inc. and Louisiana Downs.
        This joint venture also has a separate joint venture with Crown
        Casino Corporation to operate an Isle of Capri Casino near Lake
        Charles, Louisiana.
      

  
        /CONTACT:  Allan B. Solomon, Executive Vice President, 407-995-6660,
        or Beth Keith, Director of Financial Projects, 601-436-7000, both of
        Casino America/




        CASINO AMERICA AGREES TO ACQUIRE GRAND PALAIS

        
            BILOXI, Miss., Jan. 2, 1996 -- Casino America,
Inc.
        (Nasdaq: CSNO) and Grand Palais
Riverboat Inc.
, a wholly owned
        subsidiary of Hemmeter Enterprises, Inc., announced today that they
        had reached an agreement which includes parties representing several
        groups of creditors to acquire the stock of Grand Palais Riverboat,
        Inc. out of bankruptcy and to move the vessel to the existing Isle
        of Capri location near Lake Charles, Louisiana.
        


            The consideration to be paid in the transaction involves a
        combination of cash, notes and 2,250,000 shares of Casino America
        stock and warrants to purchase 500,000 shares of Casino America
        stock at $10.00 per share.  The total value of the transaction is
        estimated to be in excess of $45,000,000 plus the assumption of up
        to $10,000,000 in existing Grand Palais liabilities.
        


            The agreement is subject to a number of conditions, including a
        due diligence review by Casino America until January 19, 1996,
        regulatory approvals, confirmation of a Grand Palais plan by the
        Bankruptcy Court the Eastern District of Louisiana, and other
        consents and approvals. The parties are currently anticipating a
        closing of the transaction to occur within 90 days.
        


            Casino America, Inc. owns and operates four riverboat and
        dockside casinos.  The Company currently operates the Isle of Capri
        Casino in Biloxi, Mississippi, the Isle of Capri Casino in
        Vicksburg, Mississippi and the Isle of Capri Casino in Bossier City,
        Louisiana.  The Isle of Capri Casino in Bossier City, Louisiana is a
        joint venture between Casino America, Inc. and Louisiana Downs.
        This joint venture also has a separate joint venture with Crown
        Casino Corporation to operate an Isle of Capri Casino near Lake
        Charles, Louisiana.
        


        /CONTACT:  Allan B. Solomon, Executive Vice President, 407-995-6660,
        Beth Keith, Director of Financial Projects, 601-436-7000, both of
        Casino
        America; or Douglas Draper, Counsel for Grand Palais, 504-581-9595/




American Gaming subsidiary converts
        bankruptcy filing into Chapter 7

        
            ATLANTIC CITY, N.J.--Jan. 2, 1996--American
        Gaming & Entertainment Ltd. (the "Company") announced that on Dec.
        29, 1995 American Gaming and Resorts of
Mississippi Inc.
, a wholly-
        owned subsidiary of the company, petitioned the United States
        Bankruptcy Court, Southern District of Mississippi to convert its
        previously announced voluntary reorganization under Chapter 11 of
        the U.S. Bankruptcy Code (case no. 9508081SEG) into a liquidation
        under Chapter 7 of the code.
        


            The company's common stock is traded over the OTC Bulletin Board
        under the symbol "AGEL".
        


        CONTACT: American Gaming & Entertainment Ltd.,
                 William I. Fasy, 609/272-7700
        




Holly Products obtains $27,350,000 standby
        loan commitment for Country World Casinos

        
            MOORESTOWN, N.J.--Jan. 2, 1996--Holly Products
        Inc. (NASDAQ: HOPR, HOPRW; BSE: HOP, HOPP) majority stockholder of
        Country World Casinos Inc., as previously announced, that it has
        obtained, on behalf of Country
World
, a standby loan commitment for
        the permanent financing of $27.35 million, subject to certain terms
        and conditions, formal documentation and approval of the bankruptcy
        court having jurisdiction over Country World's Chapter 11 case.  
        


            The matter was submitted to the Court on December 21 and a
        decision will be forthcoming shortly.  This financing will allow
        Country World to begin planning construction of the Casino in Black
        Hawk, Colo. shortly following the Bankruptcy Court's approval.
        


            William H. Patrowicz, president of Holly Products Inc., stated
        "We are delighted to have obtained this commitment on behalf of
        Country World and believe that in short order we will put the
        bankruptcy issues behind us, get on with the business of building
        the casino and generate revenues from its operations by 1997.
        


            Holly Products Inc. headquartered in Moorestown has a wholly
        owned subsidiary, Navtech Industries Inc. of Blanding, Utah and a
        majority owned subsidiary, Country World Casinos Inc. of Denver.
        Navtech is a manufacturer and tester of printed circuit boards and
        wire harnesses for slot machine tracking systems and signage.
        Country World Casinos Inc. is a development corporation, whose sole
        asset is two parcels of property located in Blackhawk, Colo.
        Country World's plan is to construct the largest casino in the State
        of Colorado located in Black Hawk, as well as a Hotel Complex at a
        future date.  
        


        CONTACT:  Holly Products Inc.,
                  William H. Patrowicz, 609/222-9327
        



Concentra announces anticipated third quarter
        results  


           BURLINGTON, Mass.--Jan. 2, 1996 -- Concentra
        Corporation (NASDAQ: CTRA), a leading supplier of sales and
        engineering automation software solutions, today announced that its
        results for its third quarter ended December 31, 1995 will be
        significantly lower than anticipated.  
        


            The Company expects to report a loss in the range of $0.23 to
        $0.25 per share, including a one-time $0.03 per share restructuring
        charge.  This compares to net income of $0.15 per share on a pro-
        forma weighted average share basis for the same period last year.
        Revenues for the third quarter are expected to be approximately $4.3
        million compared with $5.3 million for the same period last year.
        "The loss is primarily due to lower than expected revenues as well
        as to certain restructuring charges," said Lawrence W. Rosenfeld,
        Chairman and Chief Executive Officer.  "Revenues fell short of our
        target as a number of accounts delayed their purchasing decisions.
        In our effort to improve our financial performance and better manage
        our operations, we have implemented a program to control and reduce
        costs, as well as enhance efficiency and sharpen our marketing
        focus. We remain committed to our long-term strategy of being the
        leader in engineering and sales automation and are continuing to
        invest in ongoing product and market development that will allow us
        to continue to improve our service to customers."  
        


            The Company expects to report third quarter results during the
        week of January 15, 1996.  
        


            Concentra Corporation is the leading provider of object-oriented
        sales and engineering software solutions.  Using Concentra's
        software, market-leading companies worldwide in the aerospace,
        automotive, industrial equipment and construction industries are
        creating customer-driven product configurations and sales proposals
        in minutes, not months.  Headquartered in Massachusetts, the company
        maintains offices across the U.S., Europe and Asia.  

        

        CONTACT: G. M. Schimmoeller                Janet Page
                 Vice President and CFO            Marketing Communications
        
                 (617) 229-4647                    (617) 229-4669
                                                   jpage@concentra.com