Advanced Gaming Technology Inc. Reduces Debt by $2 Million.

Business Editors

LAS VEGAS--(BUSINESS WIRE)--May 2, 2000

Advanced Gaming Technology Inc. (OTC BB:ADVI) has reduced its long-term debt by $1.75 million by eliminating a first mortgage obligation on property owned by the company in Branson, Mo.

As a result of the move, the company has returned 170 acres of land to the first mortgage holder. Monthly debt service requirements have been reduced by approximately $30,000 per month.

The Branson land was a non-producing asset of the company. The Branson real estate market has been soft due to overbuilding in the early 1990's. The land did not fit with the company's post reorganization strategic plan. Efforts to develop a bingo facility on the property were slowed by the depressed market.

The move improves the company's balance sheet and preserves cash flow to enable the company to concentrate on marketing efforts. The company continues to market the Max Lite electronic bingo systems. Management is currently seeking a national distribution contract for the marketing rights to the system.

The company is also pursuing new technology and investments. A 22 percent interest was acquired during 1999 in the global Internet travel provider TravelSwitch.com. TravelSwitch.com provides room reservations for the Las Vegas market from the Web address www.777lasvegas.com.

The site is able to offer deep discounts on rooms due to wholesale arrangements with Las Vegas hotels.

The corporate offices of Advanced Gaming Technology are located in Las Vegas.

Except for historical information contained herein, certain matters set forth in this news release are or may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to substantial risks and uncertainties, including government regulation, taxation, competition, market risks, customer attendance, volatile customer spending patterns, general economic conditions and other risks detailed in the company's Securities and Exchange Commission filings and reports. Actual results may be materially different from those expressed or implied by these "forward-looking statements."