Jacobs Entertainment Loss Shrinks

BLACK HAWK, Colorado – (PRESS RELEASE) --Jacobs Entertainment, Inc. (JEI), an owner and operator of multiple gaming properties, today announced unaudited financial results for its third quarter and nine-month period ended September 30, 2004. Net revenue for the third quarter of 2004 was $48.6 million versus $44.2 million in the third quarter of the previous year. The net loss for the third quarter of 2004 was $638,000 compared to net income of $770,000 in the third quarter of the previous year. Net revenue for the nine-month period ended September 30, 2004 was $142.8 million compared to $129.2 million for the nine-month period ended September 30, 2003. Net income for the nine-month period ended September 30, 2004 was $5.6 million compared to $3.2 million for the same period in the previous year. JEI will host a conference call to discuss its third quarter and nine-month period ended September 30, 2004 operating results.

The conference call will be held at 1:00 p.m. Eastern Time on Thursday, November 11, 2004, and will be hosted by Stephen R. Roark, President of Casino Operations and CFO for JEI, and Ian M. Stewart, President of Pari-Mutuel and Video Poker Operations, along with other members of the management team.