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INTERNATIONAL GAMING MANAGEMENT, INC. ANNOUNCES THIRD QUARTER RESULTS

 MINNEAPOLIS, July 14 /PRNewswire/ -- International Gaming Management, Inc. (IGM) today reported financial results for its third quarter and nine months ended May 31, 1993.
 Revenues for the three months ended May 31, 1993, increased to $5,910,717 compared to $579,121 for the year-earlier period. Operating earnings increased to $130,618 compared to a loss of ($170,790). The net loss for the period was ($63,992) or ($0.01) per share compared to a loss of ($264,688) or ($0.03) per share a year ago.
 Revenues for the nine months ended May 31, 1993, increased to $12,925,101 compared to $1,369,764 for the year ago period. Operating losses for the nine month period were ($940,380) compared to ($321,421). The net loss for the period was ($1,256,319) or ($0.11) compared to earnings of $2,891 or $0.01 per share for the year earlier period.
 The increases in revenues and year-to-date losses were primarily attributable to the start-up operations in Louisiana, which began in July of 1992. "The Louisiana operation has grown to a total of 868 machines on-line as of May 31, 1993, contributing to the company's attainment of positive earnings from operations for the most recent quarter," said Douglas M. Polinsky, president and chief executive officer.
 IGM is engaged in the business of selling and/or leasing proprietary gaming machines to the rapidly growing gaming industry. IGM's consolidated affiliate, Louisiana Gaming Management, Inc. is the largest video lottery terminal route operators in the state of Louisiana. The company's common stock is traded on NASDAQ under the symbol "IGMM."
 INTERNATIONAL GAMING MANAGEMENT, INC.
 Selected Financial Information
 (unaudited)
 Selected Operating Results:
 Three months Nine months
 Periods ended May 31, 1993 1992 1993 1992
 Revenues:
 Gaming $5,910,717 $579,121 $12,639,311 $1,192,162
 Sales of equipment --- --- 285,790 177,602
 Total 5,910,717 579,121 12,925,101 1,369,764
 Operating costs and expenses:
 Cost of gaming 3,124,047 --- 6,431,842 ---
 Cost of machines sold --- --- 149,060 214,644
 Salaries & benefits 422,165 140,393 1,411,657 366,594
 General &
 administrative 2,233,887 609,518 5,872,922 1,109,947
 Income (loss) from
 operations 130,618 (170,790) (940,380) (321,421)
 Other income (expense):
 Interest expense (172,940) (11,619) (346,296) (24,779)
 Other (22,120) (82,279) 30,357 349,091
 Net income (loss) (63,992) (264,688) (1,256,319) 2,891
 Net income (loss)
 per share (0.01) (0.03) (0.11) 0.01
 Average shares
 outstanding 11,902,508 7,182,980 11,319,011 8,292,522
 SELECTED BALANCE SHEET DATA:
 Periods ended 5/31/93 8/31/92
 (unaudited)
 Working capital $(1,951,253) $(625,693)
 Total assets 10,397,656 5,288,947
 Long-term debt, including
 current portion 5,350,897 1,538,230
 Shareholders' equity 3,050,026 2,650,920
 -0- 7/14/93
 /CONTACT: Douglas M. Polinsky or Mark A. Sorensen of International Gaming Management, 612-546-8140/
 (IGMM)


CO: International Gaming Management, Inc. ST: Minnesota IN: CNO SU: ERN

MP-LR -- NY036 -- 1349 07/14/93 11:31 EDT
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Date:Jul 14, 1993
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