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Alliance Gaming's Proposed Debt Rated

20 August 2003

NEW YORK – As reported by Reuters: "Standard & Poor's Ratings Services said today that it assigned its 'BB-' rating to Alliance Gaming Corp's (NYSE:AGI) proposed $375 million senior secured credit facility, composed of a $100 million reducing five-year revolver and a $275 million six-year term loan.

"…`The ratings on the existing term loan and subordinated notes subsequently will be withdrawn. Standard & Poor's also affirmed its 'BB-' corporate credit rating on Alliance,' said Standard & Poor's credit analayst Peggy Hwan.

"The outlook is stable. Pro forma for this transaction and assuming cash proceeds (net of taxes) from the sale of both the route business and Bally Wulff to be used for debt reduction, Standard & Poor's expects that total debt outstanding at June 30, 2003 would have been around $250 million…"

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