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SODAK GAMING INC. REPORTS THIRD QUARTER EARNINGS

 RAPID CITY, S.D., Nov. 10 /PRNewswire/ -- Sodak Gaming, Inc. (NASDAQ-NMS: SODK) today announced earnings for its third quarter ended Sept. 30, 1993.
 Net earnings for the three months ended Sept. 30, 1993 was $2.7 million, or $0.24 per share, compared to pro forma net earnings of $0.3 million, or $0.04 per share, for the comparable period in 1992. Revenues increased 307 percent to $24.3 million for the three months ended Sept. 30, 1993, compared to $6.0 million for the same period in 1992. Costs and expenses increased 236 percent to $20.2 million for the three months ended Sept. 30, 1993, compared to $6.0 million for the same period in 1992. Income from operations for the three months ended Sept. 30, 1993 was $4.1 million, compared to a loss from operations of $(.1) million for the same period in 1992.
 Net earnings for the nine months ended Sept. 30, 1993 was $3.8 million, or $0.42 per share, compared to pro forma net earnings of $2.0 million, or $0.27 per share, for the comparable period in 1992. Revenues increased 20 percent to $44.0 million for the nine months ended Sept. 30, 1993, compared to $36.7 million for the same period in 1992. Costs and expenses increased 18 percent to $38.1 million for the nine months ended Sept. 30, 1993, compared to $32.3 million for the same period in 1992. Income from operations increased 33 percent to $5.9 million for the nine months ended Sept. 30, 1993, compared to $4.4 million for the same period in 1992.
 Michael G. Wordeman, chairman and chief executive officer of Sodak Gaming, Inc. said, "With the successful completion of Sodak's initial public offering, the company's $53.6 million in cash and $60.6 million working capital balance position us to aggressively pursue joint ventures to finance the development, construction and equipping of Indian casinos."
 Sodak is the international Indian gaming distributor for International Game Technology (IGT), who is the world leader in the design and manufacture of gaming equipment. Sodak also distributes a broad range of gaming related products, as well as participates in joint ventures to finance the development, construction and equipping of Indian casinos in conjunction with management contracts entered into between casino managers and the tribes owning such casinos.
 SODAK GAMING, INC.
 STATEMENTS OF EARNINGS
 Three Months Ended
 9/30/93 9/30/92
 Revenues:
 Equipment, parts and accessories $23,660,905 $5,781,953
 Casino development 381,261 --
 Interest income on installment notes
 and sales-type leases 250,945 187,943
 Total revenues 24,293,111 5,969,896
 Costs and expenses:
 Cost of equipment, parts and
 accessories 18,078,172 4,805,006
 Compensation 986,530 523,350
 Interest and financing costs 48,312 38,504
 Other 1,107,365 657,115
 Total costs and expenses 20,220,379 6,023,975
 Income (loss) from operations 4,072,732 (54,079)
 Other income:
 Interest income 357,095 42,530
 Gain on sale of investments -- 476,784
 Total other income 357,095 519,314
 Earnings before income taxes 4,429,827 465,235
 Provision for income taxes 1,727,500 --
 Net earnings $2,702,327 $465,235
 Net earnings per common share $0.24 --
 Weighted average number of common
 shares outstanding 11,358,956 --
 Pro forma data:
 Historical earnings before income
 taxes -- 465,235
 Pro forma provision for income taxes
 at 39 percent -- 181,442
 Pro forma net earnings -- $283,793
 Pro forma net earnings per common share -- $0.04
 Weighted average number of common shares
 outstanding -- 7,245,146
 Nine Months Ended
 9/30/93 9/30/92
 Revenues:
 Equipment, parts and accessories $42,810,050 $35,892,487
 Casino development 381,261 --
 Interest income on installment notes
 and sales-type leases 779,400 820,725
 Total revenues 43,970,711 36,713,212
 Costs and expenses:
 Cost of equipment, parts and
 accessories 32,738,798 28,790,916
 Compensation 2,209,529 1,627,677
 Interest and financing costs 153,347 164,854
 Other 2,972,720 1,710,330
 Total costs and expenses 38,074,394 32,293,777
 Income from operations 5,896,317 4,419,435
 Other income (expense):
 Interest income 385,767 90,830
 Loss on sale of receivables (44,433) --
 Gain on sale of investments -- 476,784
 Risky guaranty fee -- (1,785,000)
 Total other income (expense) 341,334 (1,217,386)
 Earnings before income taxes 6,237,651 3,202,049
 Provision for income taxes 2,424,035 --
 Net earnings $3,813,616 $3,202,049
 Net earnings per common share $0.42 --
 Weighted average number of common
 shares outstanding 9,036,786 --
 Pro forma data:
 Historical earnings before income
 taxes -- 3,202,049
 Pro forma provision for income taxes
 at 39 percent -- 1,248,799
 Pro forma net earnings -- $1,953,250
 Pro forma net earnings per common share -- $0.27
 Weighted average number of common shares
 outstanding -- 7,245,146
 -0- 11/10/93
 /CONTACT: Roland W. Gentner of Sodak Gaming, 605-341-5400/
 (SODK)


CO: Sodak Gaming, Inc. ST: South Dakota IN: CNO SU: ERN

DB-DS -- MN002 -- 2538 11/10/93 06:58 EST
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Date:Nov 10, 1993
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