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Alliance Promises Profitable Year

14 April 2001

Last week, gaming equipment manufacturer Alliance Gaming Corp. reported a third-quarter profit and raised its earnings estimate for the full fiscal year. Despite the general market downturn, Las Vegas-based Alliance posted earnings of US$6.8 million, or 63 cents per diluted share, for its third fiscal quarter ended March 31, a figure close to their March estimate of 60 cents per share. In the same quarter a year previously, the company reported a loss of 89 cents per diluted share. The increase has pushed up Alliance''s earnings forecast for fiscal 2001 to US$2.12 per diluted share from US$2. This will be the company''s first profitable fiscal year since its acquisition of Bally Gaming International Inc. in 1996.

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