Herbst Gaming, IGT Announce Closing of Slot Route Transaction.Business Editors LAS VEGAS--(BUSINESS WIRE)--Feb. 26, 2003 Herbst Gaming Herbst Gaming was founded in 1987 and is still run by Ed Herbst and his brothers, Troy Herbst and Tim Herbst. They are the sons of Jerry Herbst and grandsons of Ed Herbst. In addition to its casinos, the company operates the slot machines in the Terrible Herbst gas stations. Inc. ("Herbst Gaming" or the "company") and International Game Technology (NYSE NYSE See: New York Stock Exchange : IGT IGT impaired glucose tolerance. ) today announced the closing of the previously announced Anchor Coin slot route transaction for a purchase price of approximately $61 million. Ed Herbst, president of Herbst Gaming stated, "We are pleased to close the Anchor Coin transaction and look forward to the expansion of the number of our gaming locations, as we continue our efforts to provide an exciting and entertaining experience to our customers." Rich Baldwin, director of Corporate Finance for IGT commented, "We are pleased with the consummation of the slot route transaction and are confident that Herbst Gaming will continue to serve our former customers and employees well." Added Baldwin, "We wish Herbst the best and look forward to furthering the relationship between the two companies." This press release may be deemed to contain certain 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. with respect to the business, financial condition, results of operations, dispositions, and acquisitions, of the company and its subsidiaries which involve risk and uncertainties, including, but not limited to, financial market risks, economic conditions, regulatory matters and 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. and other risks described in the filings of the company with the Securities and Exchange Commission. |
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