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                                                                    EXHIBIT 10.2
 
                               CORPORATE GUARANTY
 
State of California
County of San Diego
 
     WHEREAS, Fritz Opel ("Employee") has agreed to become an employee of Inland
Casino Corporation, a Utah corporation ("Inland"), with the title of Vice
President, starting August 12, 1995, with the location of his employment to be
based in San Diego County for the duration of this Guaranty, and
 
     WHEREAS, Inland has agreed to pay Employee an annual base salary of One
Hundred Twenty-Five Thousand Dollars ($125,000.00) for a period of one (1) year
commencing on August 1, 1995, and
 
     WHEREAS, while an employee of Inland, Employee shall be eligible for
certain other benefits including, without limitation, discretionary bonus
compensation, participation in Inland's existing employee stock option plan, use
of an automobile, and participation in Inland's existing health, life and
disability insurance plans (assuming he qualifies for participation in such
plans under the terms as more fully set out in the plan).
 
     NOW THEREFORE, Inland agrees as follows:
 
     1. Subject to all of the terms contained herein, Inland shall guarantee
(the "Guaranty") the payment of the annual base salary and the provision of the
use of an automobile and of participation in Inland's existing health, life and
disability insurance plans for a period one (1) year starting on August 1, 1995.
 
     2. This Guaranty shall be a guaranty only of payment of the annual base
salary for a one-year period commencing August 1, 1995, and of the provision of
the use of an automobile and of participation in Inland's existing health, life
and disability insurance plan; provided, however, that Inland shall not have any
obligation to provide any insurance to employee in the event he does not qualify
for the insurance made available by Inland to its other employees. The annual
base salary for a one-year period commencing August 1, 1995, shall be paid even
if Inland Casino Corporation elects to terminate Employee's employment.
 
     3. This Guaranty is not a guaranty of employment, and it is not a contract
for employment for a term of years. Inland reserves the right to terminate
Employee's employment at any time with or without cause. Employee shall be and
remain an at will employee of Inland throughout his employment.
 
     4. This Guaranty is not a guaranty of any other benefits to which Employee
may be entitled or for which Employee may be eligible as an employee of Inland.
 
     5. The Guaranty shall not be enforceable under any of the following
circumstances:
 
          a. the failure or refusal by Employee to start his employment on
     August 1, 1995;
 
          b. the death of the Employee;
 
          c. the termination by Employee of his employment with Inland;
 
          d. court order, or other state, federal or local law enforcement
     requirement pertaining to employee personally or Inland generally.
 
     6. This Guaranty shall be governed and interpreted according to the laws of
the State of California and any action to enforce or interpret this Guaranty
shall be brought in San Diego County.
 
     7. This Guaranty sets forth the entire agreement between Inland and
Employee with regard to the subject matter of the Guaranty. Inland and Employee
cannot alter and/or modify this Guaranty except by an instrument in writing
executed by each of them.
 
     8. If any action in law or equity is brought to enforce or interpret the
provision of this Guaranty, the prevailing party shall be entitled to recover
the actual attorney's fees and costs incurred, which may be determined by the
court in the same action or in a separate action brought for that purpose, in
addition to any other relief to which that party may be entitled.
 
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     NOW THEREFORE, this Corporate Guaranty has been executed on this 1st day of
August, 1995.
 
                                          INLAND CASINO CORPORATION,
                                          a Utah Corporation
 
                                          By: /s/  LLOYD D. SPEER, II
                                            ---------------------------------
                                            Lloyd D. Speer, II
                                            as Its Chairman
 
ACKNOWLEDGED AND AGREED:
 
/s/  FRITZ OPEL
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Fritz Opel
 
Dated: August 1, 1995
 
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