Stock moves to Nasdaq National Market

Tuesday, March 20, 2001 | 10:43 a.m.

Alliance Gaming Corp. of Las Vegas announced Monday its stock has been approved to trade on the Nasdaq National Market stock exchange.

The company has traded on the Nasdaq Small Cap Market since May 1999. It will move to the National Market on Thursday. The ticker symbol will remain "ALLY."

The National Market exchange is used by some of the nation's largest publicly traded companies, and has more stringent listing requirements than the Small Cap exchange. To qualify for listing on the National Market, a stock must trade above $5 per share, and have a combination of one of the following: $6 million in net assets and $1 million in pre-tax income; $18 million in assets; or $75 million in market capitalization, $75 million in assets and $75 million in revenues.

Small Cap companies, by comparison, are only required to maintain a $1 share price, $2 million in assets, a market capitalization of $35 million and/or $500,000 in pre-tax income.

Alliance is a diversified gaming company with operations in slot machine manufacturing, slot route operations and casinos in Nevada and Mississippi.

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