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Alliance Gaming Completes Sale of Its 49% Interest in Video Services, Inc. LAS VEGAS, Oct. 18 /PRNewswire-FirstCall/ -- Alliance Gaming Corp. (NYSE:AGI) announced today that it has completed the sale of its 49 percent interest in Video Services, Inc. (VSI), which owns and operates a 730-machine video poker route operation in the greater New Orleans metropolitan area. Churchill Downs Incorporated acquired VSI for $4 million in total consideration, with $1,960,000 representing Alliance Gaming's 49 percent 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 and owns 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 detailed from time to time in the company's filings with the Securities and Exchange Commission. -ALLIANCE GAMING CORP.- Alliance Investor and Media Contact: Robert L. Saxton Alliance Gaming (702) 270-7600 DATASOURCE: Alliance Gaming Corp. CONTACT: Robert L. Saxton of Alliance Gaming, +1-702-270-7600 Web site: http://www.alliancegaming.com/

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