Alliance Gaming Announces Acquisition of Crown Gaming, New Operational Structure in UK
January 07 2004 - 7:00AM
PR Newswire (US)
Alliance Gaming Announces Acquisition of Crown Gaming, New
Operational Structure in UK LAS VEGAS, Jan. 7
/PRNewswire-FirstCall/ -- Alliance Gaming Corp. announced today
that it has acquired England-based Crown Gaming from Crown Leisure
Limited, one of the United Kingdom's largest distributors of gaming
and amusement machines, and the formation of Bally Gaming and
Systems UK Limited. The acquisition includes Crown's
distributorship agreements for a wide variety of automated table
games and video bingo machines along with existing maintenance
agreements with casino operators. Bally Gaming and Systems UK
Limited will be headquartered in Manchester, England. Alliance
Gaming, through its Bally Gaming and Systems business unit,
acquired Honeyframe Software Development Limited, a leading UK
gaming machine management systems company, in May 2003. With the
Crown Gaming acquisition, Bally now has the ability to directly
offer a full range of both gaming and systems products to
operators, both now and in the future as the market grows. While
limited-payout slot machines are currently legal in Great Britain,
it is widely expected that Las Vegas-style slot machines may
eventually be legalized. "Alliance Gaming continues to focus on
building a foundation for the future growth projected in the UK,"
said Robert Miodunski, President and Chief Executive Officer of
Alliance Gaming. "We are now uniquely positioned to offer a
complete package, both games and systems, to existing casino, bingo
and arcade operators, along with operators who plan large Las
Vegas-style casinos when new legislation is projected to open up
the market." Paul Roden, previously the Gaming Director for Crown
Gaming, will serve as Managing Director of Bally Gaming and Systems
UK Limited. "I'm pleased to have strengthened our relationship with
Bally through the sale of Crown Gaming," said Michael Gemson,
Managing Director of Crown Gaming. "I would especially like to
thank Paul Roden for all of his hard work and efforts in helping
complete this transaction and in his contribution towards making
Crown the number one distributor of amusement and gaming equipment
in the UK. I am sure he will have a bright future and I look
forward to working with him to sell Bally products into the UK
market." Alliance Gaming is a diversified gaming company with
headquarters in Las Vegas. The Company is engaged in the design,
manufacture, operation and distribution of advanced gaming devices
and systems worldwide, and is the nation's largest gaming machine
route operator and operates two casinos. Additional information
about the Company can be found 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 that are detailed from time to time in the
company's filings with the Securities and Exchange Commission. For
further information, please contact: investors and media, Robert L.
Saxton of Alliance Gaming, +1-702-270-7600. DATASOURCE: Alliance
Gaming Corp. CONTACT: investors and media, Robert L. Saxton of
Alliance Gaming, +1-702-270-7600 Web site:
http://www.alliancegaming.com/
Copyright
Alamos Gold (NYSE:AGI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Alamos Gold (NYSE:AGI)
Historical Stock Chart
From Jul 2023 to Jul 2024