Alliance Gaming Announces Nevada Approval of Progressive Jackpot System.LAS VEGAS--(BUSINESS WIRE)--Nov. 6, 1998--Alliance Gaming Corp. (Nasdaq:ALLY) Friday announced its Bally bally Adjective, adv Brit old-fashioned, slang extreme or extremely: a bally nuisance, he's too bally charming for his own good Adj. 1. Gaming and Systems subsidiary received final approval from the Nevada Gaming Control Board The Nevada Gaming Control Board, also known as the State Gaming Control Board, is a Nevada state governmental agency involved in the regulation of casinos throughout the state, along with the Nevada Gaming Commission. It was founded in 1955 by the Nevada Legislature. to distribute its new "Thrillions(TM)" multi-denomination, wide-area progressive system. The Thrillions system completed a successful field trial at two casinos as part of the regulatory approval process. "This is the most important licensing achievement for Bally Gaming and Systems this year," stated Morry Goldstein, president and chief executive officer. "The Thrillions system allows casinos to showcase games of multiple denominations playing for common jackpot prizes. The introduction of Thrillions is designed to accelerate jackpot accumulations and pay frequent jackpots. "Players and operators alike have expressed great interest in our Thrillions product a flexible addition to current progressive product offerings. We are actively pursuing opportunities both in Nevada and in other gaming jurisdictions to install the Thrillions product." Currently, a total of 48 nickel, quarter- and dollar-linked gaming machines See video game console. are installed at two Nevada casinos, all of which are contributing to and competing for the same progressive jackpot A progressive jackpot is a jackpot (highest payoff) for a gaming machine (usually a slot machine or video poker machine) where the value of the jackpot increases a small amount for every game played. award. The individual machines installed are a sampling of Bally Gaming and Systems' most popular models and the progressive jackpot has a reset amount of $10,000. 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 route operator and operates two regional casinos. |
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