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Alliance Gaming On Track To Success21 July 2001Going against the trend is Alliance Gaming. The slot-machine maker’s stock rocketed from 9 in January to 37 now. And finally, after four years of losses, Alliance is finally in the black. The company is expected to post earnings of $2.17 a share for the year ended June 30, 2001. In 2002, analysts expect $3.10. Fueling this optimism is the introduction later this year of its new EVO video slot-machine platform. The high-end EVO platform, designed by Alliance''s Bally Gaming unit and running on a Microsoft Windows operating system, promises to deliver faster and more entertaining graphics. Richard Weinstein of vFinance Investments, which has assets of $1 billion and owns Alliance shares, believes that EVO will be a big moneymaker. In addition, Alliance also holds two patents for cashless gaming technology, which Weinstein believes will be very popular in casinos. This optimism is reinforced by Dan Davila of Hibernia Southcoast Capital who says Alliance should grow substantially in the next few years, as a result of the"robust" replacement cycle for gambling equipment. |