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Slot Maker Sued Over Loan

3 May 2002

LAS VEGAS --Finova Capital Corp. sued Las Vegas slot machine maker Innovative Gaming Corp. of America in Clark County District Court Thursday, alleging it defaulted on a $909,698 loan.

Loren Piel, Innovative's executive vice president and general counsel, disputed Finova's claims, saying Innovative owes only $30,000 of the loan.

"The loan was financing for a video gaming device for video game versions of blackjack, craps and roulette," he said.

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