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Anchor Gaming Completes Sale Of Sunland Park Racetrack

18 December 2000

LAS VEGAS, Nevada – (Press Release) --Dec. 18, 2000- -- Anchor Gaming (Nasdaq: SLOT) today announced that it had completed the sale of all assets relating to its Sunland Park Racetrack & Casino, located in New Mexico, to the company's former Chairman, Stanley Fulton. The company also announced it expects imminent closing of the sale of its 25% interest in a Massachusetts horse racing facility to Fulton.

The transactions were part of the agreement to acquire 4,596,200 shares of stock from Stanley Fulton and members of his family for a purchase price of $66.60 per share. The stock purchase transaction closed on October 17, 2000.

The $306 million purchase consideration consisted of $240 million in cash and $66 million of promissory notes that were cancelled in conjunction with the closing of the asset sales. The transactions received the necessary regulatory approvals.

Anchor Gaming is a diversified gaming technology company with operations around the world. It operates in three complementary business segments: gaming machines, gaming operations, and gaming systems.

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