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Acres Gaming Holds Annual Stockholder Meeting

22 February 2001

LAS VEGAS, Nevada – (Press Release) – Feb. 22, 2001 – Acres Gaming Incorporated (Nasdaq: AGAM -) reported today on its annual meeting of stockholders held on Feb. 21, 2001, at 3 p.m. at its corporate headquarters in Las Vegas.

At the meeting, the stockholders elected five members to the board of directors and ratified the selection of Arthur Andersen as the company's independent public accountants.

Bud Glisson, chairman of the board and chief executive officer, described developments in the company's business. He distributed copies of a press release, dated Feb. 21, 2001, announcing a $21.8 million contract with Station Casinos. Glisson noted that, giving effect to the Station Casinos contract and the previously announced IGT/MGM MIRAGE contract, the company's proforma backlog at Jan. 1, 2001, was a record $39.8 million.

Glisson told stockholders that, based on the company's present backlog, the number of slot machines utilizing the Acres Advantage(TM) system is expected to grow from an installed base of approximately 14,000 machines at June 30, 2000, to approximately 48,000 machines during the next year.

Referring to a previously announced delisting determination by Nasdaq staff, Glisson noted that the company has filed a request for continuation of its Nasdaq SmallCap Market listing and that Nasdaq has scheduled a hearing before a panel on the matter for March 23, 2001. The proposed delisting action is stayed pending the outcome of the hearing.

Glisson also discussed the company's investor relations program and announced the company would hold a conference call during the week of Feb. 26, 2001, to give stockholders and others who were unable to attend the meeting an opportunity to hear a presentation from management.

The company will announce the conference call information in a press release to be issued early next week.

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