Business Wire: Poster Financial Group Sets Date for Second Quarter Earnings Release and Conference C

LAS VEGAS -- Poster Financial Group, Inc., which owns the Golden Nugget hotel-casinos in Las Vegas and Laughlin (previously owned by MGM MIRAGE), today announced plans to release financial results for the second quarter 2004 prior to market open on Tuesday, August 10, 2004. A conference call with company management is scheduled to begin at 11:00 AM EDT / 8:00 AM PDT the same day. Investors are invited to participate in the conference call by dialing (800) 901-5213, passcode 18883853. A replay of the call will be available through 11:00 PM (EDT) on August 17, 2004 by calling (888) 286-8010, passcode 95361770.

About Poster Financial

On January 23, 2004, Poster Financial acquired the Golden Nugget Las Vegas and Golden Nugget Laughlin. Poster Financial is headquartered in Las Vegas, Nevada and was founded in June 2003 by Timothy Poster, its current Chairman and Chief Executive Officer, and Thomas Breitling, its current President, Secretary and Treasurer.

About Golden Nugget Las Vegas

The Golden Nugget Las Vegas is one of the premier hotel-casinos in Nevada and the largest in downtown Las Vegas, offering 1,805 deluxe guest rooms and 102 plush suites and penthouses. Winner of the AAA Four-Diamond Award for 27 consecutive years, the Golden Nugget is the most luxurious resort in downtown Las Vegas, and consistently receives critical acclaim for exceeding customer expectations. The property is a foundation member of the Fremont Street Experience, which was developed in 1996 to attract and entertain visitors to the area. A 38,000 square-foot casino space features more than 1,260 of the most popular slot and video poker machines, 64 table games including blackjack, roulette and craps, as well as keno and a complete race and sports book and a poker room. Amenities of the property include headline entertainment, five world-class restaurants, a complete spa and salon, 12 meeting and banquet rooms accommodating up to 400 people, and a year-round outdoor swimming pool with cabanas. Additional information and online reservations and travel packages are available at www.goldennugget.com.

About Golden Nugget Laughlin

Golden Nugget Laughlin is an intimate, 300-room resort located on the banks of the Colorado River in Laughlin, Nevada, 90-miles southeast of Las Vegas. The tropical-themed casino features slot and video poker machines, which includes progressive-play machines; table games, including blackjack, craps, roulette, and three-card poker; keno; and a complete race and sports book, which is linked to the Golden Nugget Las Vegas for the most up-to-the-minute betting lines. Unrivaled in Laughlin, the Golden Nugget's race book offers pari-mutuel betting, provides access to major sporting events from around the world, and features more tracks than any other race book in Laughlin. Additional information is available online: www.gnlaughlin.com.