CasinoCityTimes.com

Home
Gaming Strategy
Featured Stories
News
Newsletter
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 NEWS:
Search Our Archive of Gaming Articles 
 

Alliance Gaming Shares Plunge

8 June 2004

LAS VEGAS – As reported by CBS MarketWatch: "Shares of Alliance Gaming came apart early Tuesday, losing 21 percent after the company warned that its profits would fall short of prior projections due to lower revenue, regulatory uncertainty and higher costs.

"Before the bell Tuesday, Alliance said that it now expects to earn 96 cents to $1 a share from continuing operations for the current fiscal year ending June.

"…For fiscal 2005, it is looking at between $1.20 to $1.30 a share, well below the $1.43 average estimate of analysts polled by Thomson First Call.

"…Shares of Alliance plunged $4.46 to $16.93.

< Gaming News