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Aristocrat, Mikohn Enter Joint Development, Licensing Agreement

21 October 2002

LAS VEGAS--(Press Release)-- Leading game and system manufacturers Aristocrat Technologies, Inc., and Mikohn Gaming Corporation (Nasdaq:MIKN) today jointly announce the signing of a development and licensing agreement whereby Aristocrat will be an exclusive supplier of hardware for Mikohn's licensed recurring revenue products in jurisdictions in North America as agreed between the parties.

Under the agreement, Mikohn will continue to be responsible for game development and theme licensing; Aristocrat will integrate those games onto Aristocrat's latest game platforms, including the recently developed MKVI platform. The companies will share responsibility for marketing and servicing the games. Initially, Mikohn will supply its Yahtzee, Battleship and Ripley's Believe It or Not! game titles. Additional titles as developed by Mikohn will also be available under the agreement. In addition, the agreement also grants Mikohn the right of first refusal to provide signage, electronics and slot glass for Aristocrat games throughout North America.

Aristocrat President Mark Newburg said, "This is a tremendous partnership. Aristocrat has not yet made a large foray into the licensed branding arena, and this deal enables us to explore that side of the business, while simultaneously increasing our recurring revenue base."

Mikohn President and CEO Russ McMeekin said, "We are extremely pleased to enter into this agreement with Aristocrat. The deal represents significant benefits to both our companies. The ability to offer our popular branded games on Aristocrat's hardware not only provides a reduction in our cost structure, but also allows both companies to gain market share in new jurisdictions."

Many of the games will operate on Aristocrat's MKVI platform, which premiered at this year's Global Gaming Expo. The platform features more than 16.7 million colors, state-of-the-art graphics that give a 3-D effect, advanced audio clarity, a synchronized 8-track sound/graphics capability and high-resolution screens.

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