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twitterBig Nevada slot route to be sold for $127 million
Wednesday, July 2, 2003 | 11:02 a.m.
Las Vegas gambling company Alliance Gaming Corp. today said it's selling its big slot and video poker machine route operations as well as its Bally Wulff European manufacturing subsidiary.
Alliance said it will focus on its core asset, Las Vegas gambling machine developer Bally Gaming and Systems.
Alliance slot route operator United Coin Machine Co., which operates more than 8,000 gaming devices, is being sold to privately held Century Gaming Inc. of Missoula, Mont., for $127 million.
Alliance is also selling its 49 percent stake in Video Services Inc., a New Orleans-based route operator, to Gentilly Gaming LLC for an undisclosed amount. Germany-based Bally Wulff, which makes wall machines, is being sold to a private equity investment group advised by Orlando Management GmbH for $16.5 million.
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