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Alliance Gaming Raises Earnings Guidance for Fiscal 2002

11 July 2002

LAS VEGAS – (Press Release) -- Alliance Gaming Corp. (Nasdaq: ALLY) today announced that it will release its fourth quarter and year end results and hold its conference call on Thursday, July 25, 2002, at 10 a.m. Pacific Time (1 p.m. Eastern Time). To access the live call please dial (719) 457-2635. The Company will also broadcast the call over the internet at the Alliance Gaming website, Investor Relations tab. Please allow 10 minutes to register and download and install any necessary software.

The Company also announced that for the fiscal year ended June 30, 2002, it expects to report earnings before unusual items in a range of $1.03 to $1.05 per diluted share, based on 47.5 million shares outstanding for the fiscal year. These results exclude the net benefit expected to result from certain non-cash items.

Alliance Gaming is a diversified gaming company with headquarters in Las Vegas. The company is engaged in the design, manufacture, distribution and operation of advanced gaming devices and systems worldwide, is the nation's largest gaming machine route operator, and operates two casinos.

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