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INTERNATIONAL GAMING MANAGEMENT ENTERS AGREEMENT FOR SPECTRUM GAMING USA ACQUISITION

 MINNEAPOLIS, Aug. 13 /PRNewswire/ -- International Gaming Management Inc. (NASDAQ: IGMM) announced Aug. 11 that it has signed a definitive agreement to acquire the assets of Spectrum Gaming USA in exchange for up to 6.5 million shares of IGMM common stock. The transaction is expected to close in October.
 Spectrum Gaming's principal assets include a 38-acre, casino-zoned site in Greenville, Miss., and the rights to a long-term lease for a casino-zoned site of approximately 13 acres in D'Iberville, Miss. IGMM intends to build and operate casinos on both sites, contingent upon licensing approval by the Mississippi Gaming Commission. Additionally, the company is in negotiations with a financing source to construct these casinos, although no firm commitment currently is in place.
 In addition, two Spectrum Gaming executives will take senior level positions with IGMM under long-term contracts. W. Bucky Howard, a 30-year casino veteran, will be chief operating officer. Harry Hirsch will be vice president of slot operations.
 "This acquisition dramatically accelerates our entry into casino gambling," according to Douglas M. Polinsky, IGMM president and chief executive officer. "The combination of outstanding locations and solid casino management puts us in an excellent position to quickly capitalize on the growth opportunities in Mississippi."
 "Our strategic plan is already in place for rapid expansion in Mississippi," according to Howard. "We will continue to seek other casino growth opportunities both within the state and in additional emerging jurisdictions."
 IGMM, headquartered in Minneapolis, sells and leases proprietary gaming machines to the rapidly growing gaming industry. The company's consolidate affiliate, Louisiana Gaming Management, Inc., is the largest video lottery terminal (VLT) route operation in Louisiana.
 -0- 08/13/93
 CONTACT: Douglas Polinsky, president and chief executive officer, or Mark Sorensen of International Gaming Management, 612-546-8140, or Parrish B. Ketchmark of Howard Bronson & Company, 212-867-6160
 (IGMM) CO: INTERNATIONAL GAMING MANAGEMENT, INC.; SPECTRUM GAMING
 USA


SU: TNM ST: MN

-- NY045 -- X654 08/13/93
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Publication:PR Newswire
Date:Aug 13, 1993
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