Brief: Alliance Gaming reports loss

Monday, Feb. 8, 1999 | 10:34 a.m.

Revenue slipped to $103.9 million from $106.7 million, Alliance said.

Alliance said it lost $12.9 million for fiscal 1999's first half, compared with a net loss of $76.9 million in the fiscal 1998 period. First-half revenue was $202.7 million, compared with $204.7 million in the year-ago period.

"As we announced on Jan. 11, our results were impacted by several factors, including customer-imposed delays in shipping gaming machines," said Morry Goldstein, Alliance president.

"Looking forward, we have experienced a pick-up in unit-sales volume and have announced several large orders for both gaming machines and our SDS system."

The company's Bally Gaming subsidiary shipped more units in January 1999 than in the December 1998 quarter, and will ship more units in the March 1999 quarter than in the September and December 1998 quarters combined, he said.

Alliance also announced an expansion of its Rainbow hotel-casino in Mississippi, including a 25 percent increase in the number of gaming machines.

Effective Feb. 1, the company implemented a 1-for-3.5 reverse split of its common stock.

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