FOR IMMEDIATE RELEASE

Ocean Enterprise 589 LLC at Ocean Downs Appoints General Manager
Berlin, Md., March 9, 2010 —  Ocean Enterprise 589 LLC, the licensee of the casino project at the Ocean Downs Racetrack in Worcester County, Maryland, is pleased to announce the appointment of Joe Cavilla to the position of General Manager.  Mr. Cavilla will assume responsibility for the project upon receipt of regulatory approval.

“We are extremely delighted to have Joe join our team, and we are confident in Joe’s ability to oversee the successful development and operation of our casino,” said William Fasy, Chief Operating Officer of Ocean Enterprise 589 LLC.
Mr. Cavilla is a seasoned casino industry executive with over 25 years of casino management experience.  During his career, Mr. Cavilla has served in a variety of senior level positions including, Executive Director of Slot Operations at Delaware Park Racetrack and Slots, and Director of Slot Operations at the Showboat Casino Hotel in Atlantic City, NJ.

“We are committed to offering our guests a fun and entertaining gaming experience,” said Cavilla. “We look forward to developing a strong and cooperative relationship with the local community and establishing a successful video lottery operation.”
The planned $45 million casino project will feature approximately 34,000 square feet of gaming space, up to 800 video lottery terminals and food and beverage offerings.  The casino operation, which will complement the live harness racing and simulcasting currently offered at Ocean Downs Racetrack, is anticipated to open later this year.

About Ocean Downs – Ocean Downs Racetrack offers live harness racing in the heart of Maryland's resort community. Entering our 61st consecutive year of night racing, Ocean Downs continues to be in the top 10 percent of all U.S. Harness tracks in attendance. For more information, visit www.oceandowns.com.

For Immediate Release

Ocean Enterprise 589 LLC at Ocean Downs Wins First Maryland Slots Approval 

Berlin, MD, September 23, 2009 — Ocean Enterprise 589 at Ocean Downs won state approval today to offer slots at Ocean Downs Racetrack, making it the first organization in Maryland to win the endorsement of the Maryland Video Lottery Facility Location Commission.

“We are very pleased to win approval,” said Ocean Enterprise 589 LLC President William M. Rickman Jr. “We thank the state of Maryland , the Maryland Lottery Office, the Maryland Video Lottery Facility Location Commission, the residents of the state and everyone who has been involved in the slots effort for making this day possible.”

“With the approval, I believe this ushers in a new era of Mid-Atlantic cooperation,” said Rickman. Ocean Enterprise 589 will immediately move forward with plans to convert Ocean Downs' existing 34,000 square foot grandstand into a gaming area. The new casino is expected to be completed by Memorial Day 2010 and will initially house up to 600 slot machines. The remaining 200 approved machines will be added within one year of the casino opening.

Approximately 265 employees will be needed to staff the Ocean Enterprise 589 slots operation, with hiring for management positions expected to begin later this year, Rickman said.

“We expect that most of our team members—and many of our customers—will be from the local vicinity: Worcester County , Ocean City and Ocean Pines,” he said.

The approval for Ocean Enterprise 589 will add jobs at a time when jobs are needed and will benefit both the residents of Maryland and the state horse racing industry Rickman said.