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twitterGambling operator’s stock advances on strong report
Tuesday, Dec. 11, 2001 | 9:42 a.m.
Alliance Gaming Corp. of Las Vegas, a big slot machine maker and slot route operator, reported Monday it expects to report record revenue for the quarter ending Dec. 31.
Alliance stock advanced $1.70, or 6.8 percent, to $26.80 on the news this morning.
Alliance projected quarterly revenue of more than $145 million, cash flow of $28 million and diluted earnings per share of 50 cents. For the fiscal year ending June 30, 2002, the company projects earnings per share of $1.79 to $1.84.
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