Southwest Casino Corporation Reports Year End 2007 Results

Company takes steps to transition for future growth
MINNEAPOLIS--(Business Wire)--
Southwest Casino Corporation (OTCBB:SWCC) announced today its
results for the year ended December 31, 2007.

Southwest Casino Corporation reported a net loss of $1.5 million
for the year ended December 31, 2007, compared with net income of $1.2
million for the same period in 2006. The loss was primarily attributed
to a reduction in revenue of $2.3 million due to the previously
announced termination of the Company's management contract with the
Cheyenne and Arapaho Tribes of Oklahoma on August 17, 2007.

Basic loss per share was $0.06 for the year ended December 31,
2007, compared with earnings of $0.06 per basic and fully diluted
share during the year ended December 31, 2006. Revenue for 2007 was
$19.5 million compared with revenue of $21.5 million for the same
period in 2006.

The following table summarizes Southwest Casino Corporation's
results:

-0-
*T
2007 2006 % Change
Revenue $ 19,536,740 $ 21,474,908 (9.0%)
Net (Loss) Income ($1,493,699) $ 1,157,211 -
Earnings (Loss ) per share ($0.06) 0.06 -
*T

Mr. Jim Druck, Chief Executive Officer of Southwest Casino,
stated, "2007 was a transition year for Southwest Casino, as we
positioned the Company for future growth. We are very proud of our
14-year management relationship with the Cheyenne and Arapaho Tribes
and the casinos we helped them build. We wish them continued success
in the future. Looking ahead, we are pleased with the operating
results of our Colorado casinos and excited about our growth
prospects, including Running Aces Harness Park and our casino
consulting relationship with Palace Resorts.

Running Aces Harness Park is scheduled to open for live racing on
April 11, 2008. Southwest owns 50% of this new venture, which will
also open a 50-table card room after we complete 50 days of live
racing. Running Aces will offer pari-mutuel wagering on live and
simulcast harness races with room for over 2,000 track, restaurant and
card room patrons. The racetrack is strategically located in Columbus,
Minnesota, on the north side of the Minneapolis-St. Paul metro area
adjacent to Interstate 35, which carries more than 65,000 cars per
day. We believe Running Aces Harness Park will become a popular
destination in Minnesota's gaming and entertainment market.

Our business relationship with Palace Resorts, which is building
the Punta Cana facility, provides us a good bridge to the
international segment of the gaming industry. This is Palace Resort's
newest facility and their first resort to be able to offer casino
gaming. We provide consulting services to Palace Resorts for that
casino The facility is scheduled to open in late 2008. Additionally,
we continue to explore other opportunities which we believe are a good
fit for Southwest and will increase shareholder value."

About Southwest Casino Corporation

Southwest Casino Corporation develops, owns, operates, manages and
provides consulting services to casinos, gaming facilities and leisure
facilities. Southwest owns and operates two casinos, the Gold Rush
Hotel and Casino and Gold Digger's Casino in Cripple Creek, Colorado.
Southwest also owns a 50 percent membership interest in North Metro
Harness Initiative, LLC, which is building Running Aces Harness Park,
a harness racetrack and 50-table card room in Columbus, Minnesota on
the north side of the Twin Cities Metropolitan Area. Southwest's
corporate offices are located at 2001 Killebrew Drive, Suite 350,
Minneapolis, Minnesota 55425.

This Press Release does not constitute an offer of to sell or
solicitation of an offer to buy any securities.

This Press Release contains forward-looking statements, including
statements regarding Southwest's beliefs about its ongoing business
development efforts. These forward-looking statements involve risks
and uncertainties that could cause the statements to be incorrect or
cause actual results to differ materially. Many of these risks are
specifically identified in the Risk Factors Section of our Annual
Report on Form 10-KSB filed March 31, 2008. Other risks applicable to
these forward-looking statements are also described in our periodic
reports filed with the Securities and Exchange Commission. Southwest
does not undertake to update any forward-looking statements it makes;
but may choose from time to time to update them and, if it does, will
disseminate the updates to the investing public.

Southwest Casino Corporation
Thomas E. Fox, 952-853-9990
President
or
Investor Relations:
Strategic Growth International
Stan Altschuler / Richard Cooper, 212-838-1444
saltschuler@sgi-ir.com
rcooper@sgi-ir.com
www.sgi-ir.com

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