Exhibit 99.2

HORSESHOE GAMING HOLDING CORP. AND SUBSIDIARIES

Reconciliation of Property EBITDA to Net Income

($ in thousands)

	Bossier City		Tunica		Hammond		Total
Casino revenue	255,583		255,669		316,347		827,599
Other revenue	51,263		47,331		28,852		127,446
Gross Revenue	306,846		303,000		345,199		955,045
Promotional expenses	(51,134	)	(55,274	)	(36,072	)	(142,480		)
Net revenue	255,712		247,726		309,127		812,565
Property EBITDA	54,611	(a)	89,221		80,644		224,476
Other:
Corporate (Includes Red Oak Insurance Subsidiary)							(23,378		)
Deferred Comp							(10,229		)
Loss on disposal of assets							(5,033		)
Depreciation & amortization							(56,036		)
Loss on extinguishment of debt							(9,683		)
Operating income							120,117
Interest expense							(61,243		)
Interest income							2,299
Other, net							(974		)
Net income							$	60,199

(a)  Includes $7.4 million accrued related to Louisiana relicensing.