Alliance Gaming Provides General Business Update and 2006 Guidance
August 09 2005 - 5:30PM
PR Newswire (US)
Anticipates Fourth Quarter Earnings Release the Week Ending August
26, 2005 LAS VEGAS, Aug. 9 /PRNewswire-FirstCall/ -- Alliance
Gaming Corp. (NYSE:AGI) today announced it will reschedule the date
of its fourth quarter and year end earnings release from the
previously scheduled date of August 9th. The Company anticipates
the call to be held the week ending August 26th, 2005. The
postponement will enable the Company and its auditors to complete
all required year end accounting and auditing requirements. The
Company will hold a conference call at the previously scheduled
time to provide additional information and to provide a general
business update. The live call may be accessed as follows: Date:
August 9, 2005 Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern
Time) Participant Dial In Number: (913) 981-5510 Pass code: 6666403
Internet Broadcast: http://www.alliancegaming.com/ and go to
Investor Relations tab If you are unable to participate, the call
will be available on our website address listed above through 5:00
p.m. August 16, 2005. Business update Although the results for the
Company's fourth quarter and year end are not yet finalized, the
Company can provide the following preliminary results for the
quarter ended June 30, 2005: * Alpha based games sold or on trial
in traditional markets totaled approximately 1,900, which is at the
higher end of the range of previous management guidance. The Alpha
game library continues to grow, and today stands at between 15 and
20 games approved in most major jurisdictions, and is on target
with management's announced plans for approximately 30 titles by
calendar year end. However, in general, our trends for the sale of
games in the domestic markets continue to be at a level below that
of the prior two years. * Revenues from the Bally Systems division
will likely be sequentially higher, which is at the higher end of
management's expectations. * Gaming operations revenues continue to
show sequential growth driven by additional placements of daily fee
games. Fiscal year 2006 guidance The Company has completed its
fiscal year 2006 planning process and, given the current economic
and market conditions and expected new product release dates, is
providing guidance for its fiscal year ending June 30, 2006 of
diluted adjusted EPS of approximately $.30 to $.50. This guidance
does not include the expensing of stock options. The Company
expects to increase operating expenses modestly during fiscal year
2006 to further its product offerings, geographic expansion and
customer support initiatives. It should also be noted that due to
the timing of the G2E industry trade show in September and the
expected timing of additional product approvals, earnings are
expected to be stronger later in fiscal year 2006. The Company
cautions that this guidance is subject to change based on a variety
of factors, including but not limited to the general gaming
equipment purchasing patterns which have slowed following the
influx of TITO games over the last two years, lack of new
jurisdiction and property openings, competitive product offerings
and the successful delivery of Alpha based game content. Alliance
Gaming is a diversified gaming company with headquarters in Las
Vegas. The company is engaged in the design, manufacture,
distribution and operation of advanced gaming devices and systems
worldwide and owns and operates Rainbow Casino in Vicksburg,
Mississippi. Additional information about the company can be found
on the Alliance Gaming Web site at http://www.alliancegaming.com/.
This news release may contain "forward-looking" statements within
the meaning of the Securities Act of 1933, as amended, and is
subject to the safe harbor created thereby. Such information
involves important risks and uncertainties that could significantly
affect the results in the future and, accordingly, such results may
differ from those expressed in any forward-looking statements.
Future operating results may be adversely affected as a result of a
number of risks detailed from time to time in the company's filings
with the Securities and Exchange Commission. - ALLIANCE GAMING
CORP. - Investor and Media Contact: Steven M. Des Champs Alliance
Gaming (702) 270-7600 DATASOURCE: Alliance Gaming Corp. CONTACT:
Steven M. Des Champs of Alliance Gaming Corp., +1-702-270-7600 Web
site: http:/// http://www.alliancegaming.com/
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