Alliance Gaming Announces Adverse Jury Award
September 27 2004 - 7:00AM
PR Newswire (US)
Alliance Gaming Announces Adverse Jury Award LAS VEGAS, Sept. 27
/PRNewswire-FirstCall/ -- Alliance Gaming Corp. (NYSE:AGI)
announced that a Federal District Court jury reached a verdict in a
patent infringement case filed by Action Gaming, Inc. and
International Game Technology, Inc. ("plaintiffs"). The jury
awarded the plaintiffs $7.361 million in damages related to a
single, optional feature offered in certain multi-hand poker games
provided solely by United Coin, a former subsidiary of the Company.
The verdict was not against Bally Gaming and is therefore, not
anticipated to impact any gaming machines or systems sold by Bally
Gaming. Further, the verdict is subject to various post-trial
motions after entry of judgment, which in turn is subject to
appeal. The Company will take a charge against its first quarter
earnings for the amount of the judgment entered, which net of tax
will adversely impact the Company's results by approximately $0.09
per share. 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, operates a gaming machine route in Louisiana
and operates Rainbow Casino in Vicksburg, Miss. 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. Investor and Media Contact:
Robert L. Saxton Alliance Gaming (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/
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