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Alliance Gaming Resumes Share Repurchase Plan26 September 2000LAS VEGAS, Nevada – (Press Release) --Sept. 26, 2000 -- Alliance Gaming Corporation (Nasdaq: ALLY) announced today its intention to resume the activity of its share repurchase plan. The Board previously authorized the purchase of up to 1.1 million of its 10.3 million common shares currently outstanding. To date, Alliance has purchased approximately 85,000 shares pursuant to the plan. Subject to price and market conditions, purchases of shares will be made from time to time in the open market or in privately negotiated transactions using available cash. ``This program was previously adopted based on the Board's determination that opportunistic repurchases of our common stock is an attractive investment and represents an effective use of corporate funds,'' stated Robert Miodunski, President and Chief Operating Officer of Alliance Gaming Corporation. ``We continue to believe this is in the best interest of shareholders and further demonstrates confidence in our long-term growth strategy.'' Alliance Gaming is a diversified gaming company with headquarters in Las Vegas. |