Alliance Gaming Announces Agreement for Cashless Technology Patents

Apr 26, 2001, 01:00 ET from Alliance Gaming Corp.

    LAS VEGAS, April 26 /PRNewswire/ -- Alliance Gaming Corp. (Nasdaq:   ALLY)
 announced today that its Bally Gaming and Systems subsidiary has entered into
 an agreement with Anchor Gaming whereby Bally Gaming authorized Anchor to
 offer to the gaming industry two of its United States patents together with
 several other patents related to cashless gaming.  The agreement allows Bally
 Gaming and Systems to utilize all the patented cashless technology offered by
 Anchor for no additional consideration.  Bally Gaming will receive a portion
 of the royalties collected by Anchor for the patented cashless technology used
 by the gaming industry.
     "We certainly feel that the industry is migrating to cashless gaming
 technology, and we believe this latest agreement places Bally Gaming in a
 position to capitalize on this market going forward," stated Robert Miodunski,
 President and Chief Executive Officer of Alliance Gaming Corporation.  "We
 believe that this agreement not only will result in modest royalty revenues,
 but more importantly will expand the use of the collective patents to advance
 the cashless technology throughout the industry thereby creating future
 opportunities."
     Alliance Gaming is a diversified gaming company with headquarters in Las
 Vegas.  The company is engaged in the design, manufacture, distribution and
 operation of advanced gaming devices and systems worldwide, is the nation's
 largest gaming machine route operator, and owns and operates two casinos.
 Additional information about the company can be found on the Alliance Gaming
 Web site at www.ally.com.
 
     This news release may contain "forward-looking" statements within the
 meaning of the Securities Act of 1933, as amended, and is subject to the safe
 harbor created thereby.  Such information involves important risks and
 uncertainties that could significantly affect the results in the future and,
 accordingly, such results may differ from those expressed in any forward-
 looking statements.  Future operating results may be adversely affected as a
 result of a number of risks detailed from time to time in the company's
 filings with the Securities and Exchange Commission.
 
     For further information please contact Robert L. Saxton of Alliance Gaming
 Corp., 702-270-7600.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X43710364
 
 

SOURCE Alliance Gaming Corp.
    LAS VEGAS, April 26 /PRNewswire/ -- Alliance Gaming Corp. (Nasdaq:   ALLY)
 announced today that its Bally Gaming and Systems subsidiary has entered into
 an agreement with Anchor Gaming whereby Bally Gaming authorized Anchor to
 offer to the gaming industry two of its United States patents together with
 several other patents related to cashless gaming.  The agreement allows Bally
 Gaming and Systems to utilize all the patented cashless technology offered by
 Anchor for no additional consideration.  Bally Gaming will receive a portion
 of the royalties collected by Anchor for the patented cashless technology used
 by the gaming industry.
     "We certainly feel that the industry is migrating to cashless gaming
 technology, and we believe this latest agreement places Bally Gaming in a
 position to capitalize on this market going forward," stated Robert Miodunski,
 President and Chief Executive Officer of Alliance Gaming Corporation.  "We
 believe that this agreement not only will result in modest royalty revenues,
 but more importantly will expand the use of the collective patents to advance
 the cashless technology throughout the industry thereby creating future
 opportunities."
     Alliance Gaming is a diversified gaming company with headquarters in Las
 Vegas.  The company is engaged in the design, manufacture, distribution and
 operation of advanced gaming devices and systems worldwide, is the nation's
 largest gaming machine route operator, and owns and operates two casinos.
 Additional information about the company can be found on the Alliance Gaming
 Web site at www.ally.com.
 
     This news release may contain "forward-looking" statements within the
 meaning of the Securities Act of 1933, as amended, and is subject to the safe
 harbor created thereby.  Such information involves important risks and
 uncertainties that could significantly affect the results in the future and,
 accordingly, such results may differ from those expressed in any forward-
 looking statements.  Future operating results may be adversely affected as a
 result of a number of risks detailed from time to time in the company's
 filings with the Securities and Exchange Commission.
 
     For further information please contact Robert L. Saxton of Alliance Gaming
 Corp., 702-270-7600.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X43710364
 
 SOURCE  Alliance Gaming Corp.