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Firm issues earnings estimate

Thursday, March 29, 2001 | 10:18 a.m.

Alliance Gaming Corp. of Las Vegas said Wednesday it expects to report net income of 60 cents per share for the quarter ending March 31.

That would mark a substantial improvement over the net loss of 89 cents per share reported by Alliance in the year-ago quarter.

The company said improved earnings were being driven by a record quarter for its casino operations, and strong sales of its newest slot machine, "Blondie." That game was approved recently by New Jersey gaming regulators, Alliance said, and the company has received 160 orders for the game to date from Atlantic City casinos. Alliance said it expects to have 800 Blondie machines installed shortly.

Alliance will report earnings on April 12.

The company also updated its annual earnings estimate, saying it expected to report $2 per share in earnings for all of 2001.

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