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ACRES GAMING INCORPORATED REGISTRATION STATEMENT BECOMES EFFECTIVE

 CORVALLIS, Ore., Oct. 28 /PRNewswire/ -- Acres Gaming Inc. announced (NASDAQ: AGAM) that the registration statement for its initial public offering of 1,450,000 units (plus up to an additional 217,500 units subject to the underwriter's over-allotment option) became effective on Oct. 27, 1993. Each unit consists of one share of common stock and one-half of a redeemable warrant for the purchase of one additional share of common stock. The offering of the units was underwritten by R.J. Steichen & Co., Minneapolis, Minn. The public offering price was $5.00 per unit, with net proceeds to the company of approximately $6.2 million.
 The units, the common stock and the redeemable warrants are traded on the NASDAQ Small Cap Market under the symbols AGAMU, AGAM and AGAMW, respectively. The Redeemable Warrants included in the units may be exercised during the next three years to purchase common stock at a price of $7.50 per share.
 Acres Gaming Inc. develops, manufactures and markets electronic casino accounting, game monitoring and game promotion systems to the casino gaming industry.
 -0- 10/28/93
 /CONTACT: John F. Acres or Robert W. Brown of Acres Gaming Inc., 503-753-7648/
 (AGAM)


CO: Acres Gaming Inc. ST: Oregon IN: CPR SU: OFR

RB-JH -- SE015 -- 8170 10/28/93 17:05 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
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