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BALLY MANUFACTURING AND BALLY GAMING INTERNATIONAL REPORT COMPLETION OF OFFERING OF 4,547,600 SHARES OF BALLY GAMING INTERNATIONAL COMMON STOCK

BALLY MANUFACTURING AND BALLY GAMING INTERNATIONAL REPORT COMPLETION OF OFFERING OF 4,547,600 SHARES OF BALLY GAMING INTERNATIONAL COMMON STOCK
 CHICAGO, July 16 /PRNewswire/ -- Bally Manufacturing Corporation (NYSE: BLY) and Bally Gaming International, Inc. (NASDAQ: BGII) announced today the completion of an offering of 4,547,600 shares of common stock of Bally Gaming International, Inc. owned by Bally Manufacturing at a price of $12-1/8 per share.
 The shares represent approximately 38 percent of the outstanding common stock of Bally Gaming International, Inc. All of the net proceeds of the offering were received by Bally Manufacturing. Bally Gaming International, Inc. did not receive any of the proceeds of the offering.
 The offering was made through a syndicate of underwriters led by Salomon Brothers Inc and Raymond James & Associates, Inc. Bally Manufacturing retained ownership of approximately 22 percent of the outstanding common stock of Bally Gaming International, Inc.
 Bally Gaming International, Inc. manufactures and distributes gaming machines worldwide.
 Bally Manufacturing is one of the world's foremost operators of casino hotels and fitness centers.
 -0- 7/16/92
 /CONTACT: Michael M. Kempner or Stan Steinreich of MWW/Strategic Communications, 201-342-9500, both for Bally Manufacturing/
 (BLY BGII) CO: Bally Manufacturing Corporation; Bally Gaming International, Inc. ST: Illinois IN: CNO SU: OFR


CK -- NY046 -- 9660 07/16/92 11:30 EDT
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Publication:PR Newswire
Date:Jul 16, 1992
Words:219
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