Alliance Gaming Announces Multiparty Settlement of Lawsuit Related to Raley's Stores.Business Editors &Gaming Writers LAS VEGAS--(BUSINESS WIRE)--Jan. 31, 2000 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. Corp. (Nasdaq:ALLY) today announced a multiparty settlement of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. related to the operation of gaming machines in Raley's stores 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 settlement agreement resolves all claims between the litigants -- Albertson's, Anchor Gaming, Jackpot Enterprises, Raley's and United Coin Machine Company, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Alliance Gaming. Under the terms of the settlement agreement, United Coin will begin operating 305 gaming machines in 19 Raley's stores on Feb. 1, 2000. Under its contract with Raley's, United Coin will operate these gaming machines, the machines at Raley's stores in Northern Nevada and machines at any new Raley's stores throughout Nevada until June 30, 2008. As part of the settlement, United Coin will receive cash and other consideration prior to Feb. 1. With the addition of these games, United Coin will operate over 8,000 gaming machines throughout Nevada, located primarily in taverns, supermarkets, drug stores, convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. and restaurants. United Coin is the largest route operator in Nevada and has served gaming patrons for almost 40 years. Alliance Gaming is a diversified gaming company with headquarters in Las Vegas. 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 route operator and operates two regional casinos. Additional information about the Company can be found on the Alliance Gaming Web site at: http://www.ally.com. This news release may contain &uot;forward-looking&uot; statements within the meaning of the Securities Act of 1933, as amended, and is subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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. |
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