Alliance Gaming Announces Dividend Record Date for Series E Special Stock.LAS VEGAS--(BUSINESS WIRE)--March 10, 1998--Alliance Gaming Corp. (Nasdaq:ALLY) announced that its board of directors established March 26, 1998, as the record date for the company's 11.5 percent nonvoting junior convertible pay-in-kind Special Stock, Series E, which dividend will be payable on April 1, 1998. Shareholders of record as of March 26, 1998, will be entitled to $2.875 per share. At the election of the board of directors, the dividend will be paid in additional shares of the Series E Special Stock based on the liquidation value Liquidation value Net amount that could be realized by selling the assets of a firm after paying the debt. of $100 per share. Accordingly, for each share of Series E Special Stock held, stockholders will receive .02875 new shares of the Series E Special Stock. Alliance Gaming Alliance Gaming NYSE: AGI is a Las Vegas, Nevada based manufacturer of slot machines and casino management software. History On June 18, 1996 merged with Bally Gaming International. is a diversified gaming company with headquarters in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. . The company is engaged primarily in the design, manufacture and distribution of advanced gaming devices and systems worldwide and is the nation's largest gaming machine See video game console. route operator and operates two regional casinos A Regional Casino, more commonly known as a Super Casino (or occasionally known as Mega Casino or variants) is the term given to the largest category of casino permitted under English law. . CONTACT: Alliance Gaming Corp., Las Vegas Scott Schweinfurth, 702/270-7625 |
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