Company says it will meet expectations for quarter

Monday, Sept. 24, 2001 | 10:42 a.m.

Las Vegas-based Alliance Gaming Corp. announced it expects to report net income of 32 cents per share for the quarter ending Sept. 30.

This meets analyst expectations for the quarter that had been issued prior to the Sept. 11 terrorist attacks. Alliance will report its earnings Oct. 11.

"We are in a unique position of being able to rely on both the strength and geographic market diversity of our four business units which gives us a level of stability during these uncertain times," said Alliance Chief Executive Robert Miodunski. "Although the longer-term impact of last week's tragic events remain to be seen, Alliance Gaming's diversity will enable us to weather the storm."

Alliance said its slot route operations have been relatively unaffected by recent events; its casino operations have been slow during mid-week, but remain strong on weekends. The company said it "remains confident in our abilities to generate sales" through Bally Gaming & Systems, its slot machine manufacturing subsidiary, as it is introducing 32 new slot titles in the near future. Bally Wulff, Alliance's German gaming machine subsidiary, should be largely unaffected by current U.S. issues, the company said.