The Sands Regent Receives Notice of Potential Delisting - Tuesday 21st of February 2006

RENO, Nevada – The Sands Regent (Nasdaq: SNDS) announced that, on February 15, 2006, the Company received notice from The NASDAQ Stock Market, Inc. Listing Qualifications Staff that the Company's securities are subject to potential delisting as of February 24, 2006 from The NASDAQ Stock Market due to the Company's failure to file its quarterly report on Form 10-Q for the three months ended December 31, 2005 on a timely basis.

On February 14, 2006, the Company announced a delay in the filing of its Form 10-Q pending completion of an internal review in response to receipt of allegations made by a former employee of the Company relating to the recording of the acquisition of the Dayton Casino, which was completed on September 1, 2005, and the recording of costs and expenses for the first two quarters of fiscal 2006. The Company currently cannot estimate when it may file its Form 10-Q for the three months ended December 31, 2005, but will do so as soon as practicable following completion of the investigation.

Because of this delay, the Company is not in compliance with NASDAQ Marketplace Rule 4310(c)(14), which requires the timely filing with NASDAQ of all reports and other documents filed or required to be filed with the Securities and Exchange Commission.

The Company expects to make a timely request for hearing before a NASDAQ Listing Qualifications Panel to request continued listing on The NASDAQ SmallCap Market until the Company files its Form 10-Q for the three months ended December 31, 2005. In its notification letter, the NASDAQ Listing Qualifications Staff informed the Company that this request will result in a postponement of the delisting pending the Panel's decision. However, the Company can provide no assurance that the Panel will grant its request for continued listing.

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