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Anchor's Away to 52-Week High

25 September 2000

LAS VEGAS, NEVADA – Sept. 25, 2000 – As reported by CBS MarketWatch: "Anchor Gaming chairman Stanley Fulton and his kids hit a $240 million cash jackpot on their way out the door Monday as the company announced it would buy back 4.6 million shares from the family.

"Investors were also cashing in as the company announced a 2-for-1 stock split to take effect on October 31.

"Anchor's (SLOT) stock closed up 10.8 percent, or $7.56 on the news to $77.44, a new 52-week high.

"…Fulton will step down as chairman immediately upon consummation of the stock purchase -- expected by the end of October. His son Michael Fulton and daughter Elizabeth Jones will join him in exiting the board.

"No reasons for the family's departure were given in a press release and Anchor executives could not be immediately reached for comment. Fulton had previously reduced the family's interests in Anchor in 1997 and shortly afterward the company was slapped with a raft of shareholder lawsuits charging that it had artificially inflated the stock price to profit insiders…"

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