Share buybacks resumed

Thursday, Sept. 28, 2000 | 10:50 a.m.

Alliance Gaming Corp. of Las Vegas announced plans this week to resume activity in its share repurchase plan.

The Alliance board of directors previously authorized the purchase of up to 1.1 million of its 10.3 million common shares outstanding. Alliance had purchased about 85,000 shares under the authorization prior to this week's announcement.

"This program was previously adopted based on the board's determination that opportunistic repurchases of our common stock is an attractive investment and represents an effective use of corporate funds," said Robert Miodunski, president and chief operating officer. "We continue to believe this is in the best interest of shareholders and further demonstrates confidence in our long-term growth strategy."

Alliance operates a slot route, has casinos and develops and sells slot machines.

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