IGT, Anchor Gaming Agree to New Memorandum of Understanding

Apr 24, 2001, 01:00 ET from Anchor Gaming

    LAS VEGAS, April 24 /PRNewswire/ -- International Game Technology
 (NYSE:   IGT) and Anchor Gaming (Nasdaq: SLOT) announced today additional
 agreements related to the companies' successful joint venture relationship.
     The agreements cover two main items.  First, the new agreement provides
 for the co-development of seven new wheel games based on famous themes.  Two
 of the games will be demonstrated at the gaming industry's major trade show in
 the fall and should be submitted for regulatory approval by the end of
 December.
     The second main item called for the companies to extend the licensing
 agreement covering the successful Wheel of Fortune(R) themed slot machines for
 an additional year through 2006.  As of March 31, there were 6,830 traditional
 Wheel of Fortune(R) games and 4,750 Wheel of Fortune(R) Video games in casinos
 and other locations.
     As of March 31, the joint venture between Anchor Gaming and IGT had more
 than 15,400 games in operation.  The newest joint venture game, I Dream of
 Jeannie(TM), which was introduced in October, is one of the industry's fastest
 growing games with more than 1,300 games in operation.
     "In our view, Wheel of Fortune(R) Video and the spinning reel Wheel of
 Fortune(R) are the most successful gaming machines in the history of the
 casino industry," said T.J. Matthews, CEO of Anchor Gaming.
     Tom Baker, CEO of IGT, added, "The joint venture between Anchor Gaming and
 IGT has been mutually beneficial to both companies and we look forward to
 introducing even more exciting games through our extended agreement."
 
     IGT is a world leader in the design, development and manufacture of
 microprocessor-based gaming products and software systems in all jurisdictions
 where gaming is legal.  For more information on International Game Technology,
 visit the company web site at www.IGT.com.
 
     Anchor Gaming is a diversified technology company with operations around
 the world.  Anchor operates in three complementary business segments:  gaming
 machines, gaming operations and gaming systems.  The gaming machine segment
 focuses on the development and placement of unique proprietary games.  The
 gaming operations segment operates a Native American casino in San Diego, two
 casinos in Colorado, and manages gaming-machine routes in Nevada and Montana.
 The gaming systems segment provides equipment, and related services to on-line
 lotteries, video lotteries, and pari-mutuel organizations.  Anchor Gaming has
 equipment and systems in operation in the United States, Canada, Australia,
 Asia, Europe, South America, South Africa, and the West Indies.
 
     This press release contains certain forward-looking statements within the
 meaning of section 21e of the Securities Exchange Act of 1934, as amended, and
 other applicable securities laws.  All statements other than statements of
 historical fact are "forward-looking statements" for purposes of these
 provisions, including any projections of earnings, revenues, or other
 financial items; any statements of the plans, strategies, and objectives of
 management for future operation; any statements concerning proposed new
 products, services, or developments; any statements regarding future economic
 conditions or performance; statements of belief; and any statement of
 assumptions underlying any of the foregoing.  Such forward-looking statements
 are subject to inherent risks and uncertainties, and actual results could
 differ materially from those anticipated by the forward-looking statements.
 Although the Company believes that the expectations reflected in any of its
 forward-looking statements will prove to be correct, actual results could
 differ materially from those projected or assumed in the Company's
 forward-looking statements.  These risks and uncertainties include, but are
 not limited to the games not gaining in popularity as the company would
 expect, the new games not being developed within the expected time frames, the
 lack of regulatory acceptance as well as other factors described from time to
 time in the Company's reports filed with the Securities and Exchange
 Commission, including Anchor's Form 10-K for the year ended June 30, 2000 and
 Form 10-Qs for the quarter ended September 30, 2000 and  for the quarter ended
 December 31, 2000.  These reports may be obtained free of charge at the
 website of the Securities and Exchange Commission at http://www.sec.gov.
 
 

SOURCE Anchor Gaming
    LAS VEGAS, April 24 /PRNewswire/ -- International Game Technology
 (NYSE:   IGT) and Anchor Gaming (Nasdaq: SLOT) announced today additional
 agreements related to the companies' successful joint venture relationship.
     The agreements cover two main items.  First, the new agreement provides
 for the co-development of seven new wheel games based on famous themes.  Two
 of the games will be demonstrated at the gaming industry's major trade show in
 the fall and should be submitted for regulatory approval by the end of
 December.
     The second main item called for the companies to extend the licensing
 agreement covering the successful Wheel of Fortune(R) themed slot machines for
 an additional year through 2006.  As of March 31, there were 6,830 traditional
 Wheel of Fortune(R) games and 4,750 Wheel of Fortune(R) Video games in casinos
 and other locations.
     As of March 31, the joint venture between Anchor Gaming and IGT had more
 than 15,400 games in operation.  The newest joint venture game, I Dream of
 Jeannie(TM), which was introduced in October, is one of the industry's fastest
 growing games with more than 1,300 games in operation.
     "In our view, Wheel of Fortune(R) Video and the spinning reel Wheel of
 Fortune(R) are the most successful gaming machines in the history of the
 casino industry," said T.J. Matthews, CEO of Anchor Gaming.
     Tom Baker, CEO of IGT, added, "The joint venture between Anchor Gaming and
 IGT has been mutually beneficial to both companies and we look forward to
 introducing even more exciting games through our extended agreement."
 
     IGT is a world leader in the design, development and manufacture of
 microprocessor-based gaming products and software systems in all jurisdictions
 where gaming is legal.  For more information on International Game Technology,
 visit the company web site at www.IGT.com.
 
     Anchor Gaming is a diversified technology company with operations around
 the world.  Anchor operates in three complementary business segments:  gaming
 machines, gaming operations and gaming systems.  The gaming machine segment
 focuses on the development and placement of unique proprietary games.  The
 gaming operations segment operates a Native American casino in San Diego, two
 casinos in Colorado, and manages gaming-machine routes in Nevada and Montana.
 The gaming systems segment provides equipment, and related services to on-line
 lotteries, video lotteries, and pari-mutuel organizations.  Anchor Gaming has
 equipment and systems in operation in the United States, Canada, Australia,
 Asia, Europe, South America, South Africa, and the West Indies.
 
     This press release contains certain forward-looking statements within the
 meaning of section 21e of the Securities Exchange Act of 1934, as amended, and
 other applicable securities laws.  All statements other than statements of
 historical fact are "forward-looking statements" for purposes of these
 provisions, including any projections of earnings, revenues, or other
 financial items; any statements of the plans, strategies, and objectives of
 management for future operation; any statements concerning proposed new
 products, services, or developments; any statements regarding future economic
 conditions or performance; statements of belief; and any statement of
 assumptions underlying any of the foregoing.  Such forward-looking statements
 are subject to inherent risks and uncertainties, and actual results could
 differ materially from those anticipated by the forward-looking statements.
 Although the Company believes that the expectations reflected in any of its
 forward-looking statements will prove to be correct, actual results could
 differ materially from those projected or assumed in the Company's
 forward-looking statements.  These risks and uncertainties include, but are
 not limited to the games not gaining in popularity as the company would
 expect, the new games not being developed within the expected time frames, the
 lack of regulatory acceptance as well as other factors described from time to
 time in the Company's reports filed with the Securities and Exchange
 Commission, including Anchor's Form 10-K for the year ended June 30, 2000 and
 Form 10-Qs for the quarter ended September 30, 2000 and  for the quarter ended
 December 31, 2000.  These reports may be obtained free of charge at the
 website of the Securities and Exchange Commission at http://www.sec.gov.
 
 SOURCE  Anchor Gaming