Alliance Gaming Provides First Quarter Guidance and Sets Earnings Release Date and Conference Call
September 30 2004 - 8:56PM
PR Newswire (US)
Alliance Gaming Provides First Quarter Guidance and Sets Earnings
Release Date and Conference Call Also Announces the Completion of
the CEO Transition and Appoints Robert Luciano, Chief Technology
Officer LAS VEGAS, Sept. 30 /PRNewswire-FirstCall/ -- Alliance
Gaming Corp. (NYSE:AGI) today announced that it expects first
quarter operating results to be a loss from continuing operations
in the range of $0.09 to $0.14 per share, excluding the previously
announced charge against discontinued operations of approximately
$0.09 per share for the jury award related to certain devices
operated by a former subsidiary, United Coin Machine Co. Both the
Games and Systems divisions of the Company's Bally Gaming
subsidiary contributed to the quarter's weakness, along with a
small impact of certain charges related to the transition of the
Company's CEO and costs associated with a recent staff
restructuring. The Company is currently reviewing its annual
guidance. CEO Transition and Reorganization The transition to new
CEO and President Richard Haddrill is now complete following the
announced resignation of Robert Miodunski as an officer and
director of Alliance Gaming Corporation. "Mr. Miodunski's
contributions to reviving and reorganizing Alliance Gaming into a
gaming technology leader today have been recognized and greatly
appreciated," stated David Robbins, Chairman of the Board. "His
services in managing the daily operations of the Company will be
truly missed; however, the Company will benefit from his
considerable wisdom and experience in his consulting assignment."
During the past 90-day transition period certain aspects of the
Company's operations have undergone substantial review, including
completion of the organizational integration of the Sierra Design
Group with Bally Gaming and Systems. As part of the new
organization, the Company announced today the appointment of Robert
Luciano to the position of Executive Vice President and Chief
Technology Officer. Mr. Luciano's responsibilities will be to
integrate the Company's many successful System and Game
technologies into a single cohesive strategy. "Mr. Luciano's
commitment to success and innovation in the gaming industry is
without equal," stated Richard Haddrill, CEO. "Bob's twenty years
of vast experience in both traditional and non-traditional gaming
environments, along with his extensive technological successes,
will serve our Company well." G2E Presentation The Company also
announced today that on October 5, 2004, Richard Haddrill, CEO, and
Robert Saxton, CFO, will present at the Goldman Sachs &
Deutsche Bank Securities Gaming Investment Forum held in
conjunction with the gaming industry's annual gaming show, G2E. The
members of management will be available to discuss these and other
issues pertaining to the Company and its operations. A complete
copy of the presentation can be viewed on our web site at
http://www.alliancegaming.com/ beginning the day of the
presentation. First Quarter Release Date and Conference Call The
Company will release its First Quarter Fiscal Year 2005 results,
and hold a conference call on Thursday, Oct. 21, 2004, at 10 a.m.
Pacific Time (1 p.m. Eastern Time). On the call, Richard Haddrill,
Chief Executive Officer, Robert Saxton, Chief Financial Officer,
and Steve Des Champs, Chief Accounting Officer, will discuss the
Company's quarterly results and recent corporate developments,
followed by a question and answer session. The live call may be
accessed as follows: Date: Thursday, Oct. 21, 2004 Time: 10 a.m.
Pacific Time (1 p.m. Eastern Time) Participant Dial In Number:
(719) 457-2625 Participant Passcode: 966541 Internet Broadcast:
http://www.alliancegaming.com/ and go to Investor Relations tab
(Please allow 10 minutes to register and download and install any
necessary software.) If you are unable to participate, the call
will be available on our website address listed above through 5:00
p.m. Pacific Time on Friday, Oct. 29, 2004. 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 a 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. Investor and Media Contact
Robert L. Saxton of Alliance Gaming, +1-702-270-7600 DATASOURCE:
Alliance Gaming Corp. CONTACT: Investors and Media, Robert L.
Saxton of Alliance Gaming Corp., +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