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THE SANDS REGENT ANNOUNCES TERMINATION OF AGREEMENT TO ACQUIRE CMS INTERNATIONAL

         THE SANDS REGENT ANNOUNCES TERMINATION OF AGREEMENT
                    TO ACQUIRE CMS INTERNATIONAL
    RENO, Nev., July 17 /PRNewswire/ -- Sands Regent (NASDAQ: SNDS) and International Game Technology (NYSE: IGT) and three management shareholders of CMS International announced today the termination of negotiations on a proposed acquisition by The Sands Regent of CMS International, a subsidiary of International Game Technology.  The previously announced agreement in principle was terminated due to the fact that several important conditions of closing could not be fulfilled in a timely manner.
    The Sands Regent said it is still interested in enhancing its market position and will seek opportunities to expand to gaming markets outside of Nevada.
    -0-                7/17/92
    /CONTACT:  David R. Wood of The Sands Regent, 702-348-2298, or G. Thomas Baker of IGT, 702-688-0110/
    (SNDS IGT) CO:  The Sands Regent; International Game Technology ST:  Nevada IN:  CNO SU: CH-AL -- LA018 -- 0487 07/17/92 19:37 EDT
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Publication:PR Newswire
Date:Jul 17, 1992
Words:150
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