Slot maker to trade on NYSE

Wednesday, Dec. 4, 2002 | 11 a.m.

Las Vegas-based slot machine maker Alliance Gaming Corp. will move to the New York Stock Exchange from the Nasdaq Stock Market effective Dec. 12. Company shares, now trading under the symbol ALLY, will trade on the NYSE under the new symbol AGI.

"The move to the New York Stock Exchange puts a punctuation mark on the turnaround of our company and provides a new level of prestige, stability and visibility as we move forward with our growth phase," Robert Miodunski, president and chief executive officer of Alliance Gaming, said in a statement.

During the Opening Bell ceremony Dec. 12, Miodunski and Chief Financial Officer Robert Saxton will be joined on the bell podium of the NYSE by a cast of characters licensed to the company's slot machines, including Betty Boop, Popeye and the Blues Brothers characters from the television show "Saturday Night Live."

Alliance celebrated 20 years of trading on the Nasdaq on March 4.

Separately, the company re-elected three members to the company's board of directors at its annual shareholder meeting Tuesday. Anthony DiCesare, Joel Kirschbaum and Kevin Verner were each elected for a three-year term. Shareholders also approved an amendment to the company's 2001 long-term incentive plan and approved Deloitte & Touche as the company's independent public accountant for the fiscal year 2003.