Acres Gaming Announces Five Casino Deal With Station Casinos.

Business/Entertainment Editors

LAS VEGAS--(BUSINESS WIRE)--Feb. 21, 2001

Acres Gaming Incorporated (Nasdaq: AGAM) today announced that it has signed a contract with Station Casinos, Inc. ("Station") (NYSE: STN) for the purchase of $21.8 million of Acres Advantage(TM) products for five casinos -- Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Texas Station Gambling Hall & Hotel, Sunset Station Hotel & Casino and the "Green Valley Ranch" Hotel & Casino (currently under construction) in Henderson, Nevada. The contract also covers an expansion at Santa Fe Station Hotel & Casino, the site of Acres' first Station installation last fall.

Acres has received deposits of $6.1 million on this contract. Installations are scheduled to start in March 2001 and continue through the end of the calendar year. In addition to the contract amount, if Acres meets certain early completion incentives, the contract provides for Acres to receive bonuses of up to $1.5 million. The contract also includes options for Station to purchase additional products in the future on similar terms.

"This deal is a real breakthrough for us," said Bud Glisson, Acres' Chairman and CEO. "It gives us the opportunity to demonstrate the power of Acres products with Station, the premier provider of casino entertainment to the Las Vegas locals market. I expect that Station's marketing and operating savvy together with Acres technology will be a winning combination for a long time to come."

"Station Casinos is very satisfied with Acres' products and services which so far have been provided to Santa Fe Station," stated Blake Sartini, Executive Vice President and Chief Operating Officer of Station. "We believe in the potential of the Acres products, and we are committed to bringing the cutting edge of gaming innovation and entertainment to our guests."

The terms of the contract include provisions that give Station certain exclusive rights to use certain Acres products in a defined geographical zone within the Las Vegas metropolitan area. The exclusivity provisions do not restrict Acres' ability to sell such products to casinos located on the Las Vegas Strip or in downtown Las Vegas.

Acres provides products and services to casinos worldwide, using its proprietary Acres Bonusing Technology(TM) to increase player enjoyment and casino efficiency and profitability. Detailed descriptions of the promotions made available by Acres Bonusing(TM) as well as other products offered by Acres, are available at the Company's Web site, www.acresgaming.com. The Company has offices in Las Vegas, Nevada and Corvallis, Oregon.

The discussion in this press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended). Forward-looking statements involve risks and uncertainties and various factors could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements relate to expected revenues and installation dates and the possibility that Station may purchase additional products in the future. The following factors, among others, could cause actual results to differ from those indicated in the forward-looking statements: the Company's suppliers may not be able to meet required delivery schedules for components of the products; the Company may not be able to install the products on schedule; the Company's products may not operate to the satisfaction of Station; the systems may not be developed or approved by Nevada Gaming regulators as planned; Station may not purchase additional products; the impact of competitive products and pricing, lack of market acceptance, changes in federal or state laws or the administration of such laws; and other risks detailed from time to time in the Company's SEC reports including the report on Form 10-K for the year ended June 30, 2000. Actual results may differ materially from the forward-looking statements.