Alliance Gaming Plans Name Change to Bally Technologies, Inc.
February 06 2006 - 7:00AM
PR Newswire (US)
LAS VEGAS, Feb. 6 /PRNewswire-FirstCall/ -- Alliance Gaming Corp.
(NYSE:AGI) announced today that it has included in its annual proxy
statement delivered to shareholders a proposal to officially change
the name of the Company to Bally Technologies, Inc. to more
appropriately reflect the Company's focus on technology and
innovation and to further build on the powerful Bally brand. Upon
approval of shareholders, the name change would be officially
announced at the annual meeting of shareholders on March 6, 2006.
Bally Technologies, Inc. is expected to start trading on the New
York Stock Exchange under the ticker symbol BYI as early as March
7, 2006. "Our Company made the decision several years ago to focus
our energy and investments on being a leader in supplying
technology to the gaming industry. The proposed name change to
Bally Technologies, Inc. is a reflection of the progress we have
made toward that goal and an extension of our long-term strategic
plan," said Richard Haddrill, CEO of Alliance Gaming. "The
signature Bally script logo is known worldwide and our forthcoming
75th anniversary in 2007 is a reminder to us and our stakeholders
of the long-standing value of the Bally name in the gaming
industry. Given our enhanced commitment to research and
development, the Bally Technologies, Inc. name also more accurately
reflects our corporate identity as a true technology provider." Las
Vegas-based Bally Gaming and Systems, a business unit of Alliance
Gaming Corp. (NYSE:AGI), designs, manufactures, operates and
distributes advanced gaming devices and systems worldwide.
Additional information on the Company can be found at
http://www.alliancegaming.com/, http://www.ballygaming.com/ or
http://www.ballysystems.com/. The Company also owns and operates
Rainbow Casino in Vicksburg, Miss. 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
that are detailed from time to time in the company's filings with
the Securities and Exchange Commission. Investor Contact: Mark
Lipparelli Media Contact: Marcus Prater Alliance Gaming Bally
Gaming and Systems (702) 270-7600 (702) 896-7828 DATASOURCE:
Alliance Gaming Corp. CONTACT: Investor Contact - Mark Lipparelli
of Alliance Gaming, +1-702-270-7600, or Media Contact - Marcus
Prater of Bally Gaming and Systems, +1-702-896-7828 Web site:
http://www.alliancegaming.com/ http://www.ballygaming.com/
http://www.ballysystems.com/
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