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Alliance Gaming Moves to the New York Stock Exchange

4 December 2002

LAS VEGAS – (Press Release) -- Alliance Gaming Corp. (Nasdaq: ALLY) announced today that its common shares will begin trading on the New York Stock Exchange (NYSE) under the symbol AGI, effective Dec. 12, 2002, when Company officials will ring The Opening Bell in a ceremony to begin the day's trading.

Until trading begins on the NYSE, Alliance Gaming's common stock will continue to trade on the Nasdaq under the symbol ALLY. Alliance Gaming celebrated 20 years of trading on the Nasdaq by participating in a ceremony to open trading on March 4, 2002, and now becomes one of only a handful of companies to officially open trading in the same calendar year on the two biggest stock markets in the world.

"The move to the New York Stock Exchange puts a punctuation mark on the turnaround of our company and provides a new level of prestige, stability and visibility as we move forward with our growth phase," said Robert Miodunski, President and Chief Executive Officer of Alliance Gaming.

The Opening Bell ceremony, seen every weekday by an estimated 40 million television viewers worldwide, will take place at 9:30 a.m. EST on Thursday, Dec. 12 and can be viewed on a variety of financial broadcast news outlets. Miodunski and Chief Financial Officer Robert Saxton will be joined on the Bell Podium by a colorful cast of the Company's slot machine characters, including Betty Boop(TM), Popeye® and the Blues Brothers characters from "Saturday Night Live" fame.

The New York Stock Exchange is the world's leading and most technologically advanced equities market. The NYSE is by far the world's largest market, and more capital is raised at the NYSE than in any other equities market. On an average day, 1.38 billion shares, valued at $42.5 billion, trade on the NYSE. The NYSE has nearly 2,800 listed companies, with a combined $12.3 trillion total global market capitalization, more than four times the size of any other market.

The NYSE traces its origins to a founding agreement in 1792. It registered as a national securities exchange with the U.S. Securities and Exchange Commission on Oct. 1, 1934. In 1971, the NYSE was incorporated as a not-for-profit corporation, owned by its 1,366 members.

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