RENO, Nev., May 7 /PRNewswire-FirstCall/ -- The Sands Regent (NASDAQ:SNDS) announced today that it will release its third-quarter fiscal year 2003 financial results on Monday, May 12, 2003, prior to the market open, followed by a conference call that same day at 1:00 p.m. EDT (10:00 a.m. PDT).

To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: (800) 399-7496. International callers should dial: (706) 634-6508. There is no pass code required for this call.

If you are unable to participate in the call at this time, a replay will be available on Monday, May 12 at 12:00 noon PDT through Monday, May 19 at midnight PDT; call (800) 642-1687 and enter the conference ID number 479408; international callers should call (706) 645-9291.

This conference call will be broadcast live over the Internet and can be accessed by all interested parties at PR Newswire's website, www.prnewswire.com, under the Multimedia News section. To listen to the live call, please go to this website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on this site for 90 days.

The Sands Regent owns and operates the Sands Regency Casino and Hotel in downtown Reno, Nevada and Gold Ranch Casino and RV Resort in Verdi, Nevada. The Sands Regency is an 850-room hotel and casino with 29,000 square feet of gaming space offering table games, keno, bingo and slot machines. In addition to complete amenities and on-site brand-name restaurants, the Company's property also includes a 12,000-square-foot convention and meeting center which seats close to 1,000 people.

The Gold Ranch Casino and RV Resort is located in Verdi, Nevada, twelve miles west of Reno. Gold Ranch offers approximately 300 slot machines in an 8,000 square foot casino, two restaurants, two bars, a 105-space RV park, a California lottery station, an ARCO gas station and a convenience store.

Statements contained in this release, which are not historical facts, are "forward-looking" statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, including the potential impact of future gaming regulatory decisions, general and regional economic conditions, competition in the Reno area and from California Native American casino operations, the Company's possible need for outside financing to pursue its growth plans, and other risk factors detailed from time-to-time in The Sands Regent's periodic reports and registration statements filed with the Securities and Exchange Commission. Such risks could cause actual results to differ materially from those projected or implied in the forward-looking statements.