Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Search Our Archive of Gaming Articles 

Alliance Gaming Announces Projected Figures for 2001

5 December 2000

LAS VEGAS, Nevada –(Press Release) --Dec. 5, 2000 -- Alliance Gaming Corporation (Nasdaq: ALLY) announced that at its annual stockholders meeting today its stockholders re-elected Robert Miodunski and David Robbins to the Company's Board of Directors, each for a three-year term, and ratified the Company's selection of Arthur Andersen LLP as the Company's independent public accountants for fiscal year 2001.

At the meeting the Company also provided guidance for the fiscal year ending June 30, 2001. The Company is currently projecting revenues to exceed $500 million for the first time, EBITDA of approximately $80 million, and diluted earnings per share in excess of $1.70. The Company also announced that it expects to have shipped a total of 1,400 gaming devices to California by December 31, 2000, and has a current backlog totaling 400 additional units for that market.

Additionally, the Company announced that pursuant to its stock repurchase plan, it purchased a total of 104,000 shares of its common stock between October 1, 2000 and October 31, 2000, at an average price of $4.19.

< Gaming News