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Vegas company buys Reno software firm

Monday, Oct. 29, 2001 | 9:41 a.m.

Alliance Gaming Corp. of Las Vegas said today its subsidiary Bally Gaming and Systems acquired privately held Reno gaming software maker Casino Marketplace Development Corp. in an all-stock transaction.

The companies did not disclose the purchase price.

Bally Gaming makes slots and provides slot accounting systems to casinos. Casino Marketplace Development, which has about 20 employees, develops player tracking and bonusing software for slot machines.

Alliance increased its 2002 earnings guidance by 8 cents per share as a result of the acquisition. The company expects 2002 earnings of $1.73 per share to $1.78 per share.

Analysts polled by Thomson Financial/First Call had expected the company to post 2002 earnings of $1.66 per share.

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