Tuesday, September 12, 2006

Mount Airy Resort & Casino announced today that it has awarded its first
round of construction contracts as it continues to move forward with plans
to build a $360 million hotel and gaming complex in the heart of the
Poconos. The majority of contracts have been awarded to Pennsylvania-based
companies. "One of our main goals in building Mount Airy is to promote local
economic opportunity," said Louis A. DeNaples, the northeastern Pennsylvania
businessman who owns Mount Airy. "As construction continues to move forward,
we remain committed to that goal and are proud of our partnership with some
of the best building contractors in the state." Mount Airy also recently
hosted a formal session in Scranton, Pa., for subcontractors and minority
suppliers interested in doing business with the organization. A second
session was held in Paradise Township, Pa. "There will be a lot of work
going into making the Mount Airy project a reality," said Frank L. Ciminelli
II, V.P. for LP Ciminelli, the construction project executive for Mount
Airy. "We share Louis DeNaples' commitment to hiring as many qualified local
subcontractors as possible to help us complete that work."
Contracts have been awarded to the following Pennsylvania-based companies:

* McGregor Industries, Dunmore, Pa. for miscellaneous metals;

* Mid Valley Contracting, Moscow, Pa. for hollow core plank and structural
steel erection, along with foundation reinforcing steel;

* Leeward Construction, Honesdale, Pa. for site work and mass excavation;

* Cleveland Brothers Caterpillar, Harrisburg, Pa. with local offices in
Wilkes-Barre, Pa. for emergency generators and automatic transfer switches;

* Eaton Electrical, Allentown, Pa. with local office of Eastern Penn Supply
Company, in Wilkes Barre, Pa. for UPS system, transformers, and 12.47 KV
main switch, and

* York International, York, Pa. for HVAC units.

In addition, contracts were awarded to Stone Bridge Steel Corporation,
Gansevoort, N.Y., for Structural Steel, Joist & Deck and Otis Elevators,
based in Farmington, Conn. with offices in Allentown, Pa.

Phase I of the Mount Airy project calls for the construction of a 191-room
luxury resort hotel, a gaming and entertainment complex that would house
3,000 slot machines, four restaurants, two live entertainment lounges, an
18-hole championship golf course, an indoor pool, spa, retail shops, and a
covered parking facility.

Phase I construction is estimated at $300 million, which would be followed
in Phase II with an expanded casino to accommodate a total of 5,000 slot
machines, an additional 200 luxury hotel rooms, and additional conference,
entertainment and parking facilities. The plan also preserves nearly 550
acres of green space at the 891-acre site.

The new Mount Airy is expected to open in the Fall of 2007 after the first
phase of construction is completed.

The resort will be run by a world-class team of gaming industry executives
led by Paul Henderson, the former President and Chief Operating Officer of
Caesars Atlantic City, the Atlantic City Hilton, and Trump Marina Hotel and
Casino. The operations team has worked at more than 50 casinos and gaming
companies worldwide, and has an extensive background in the development,
design, opening and operation of gaming facilities.