-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UHx+xppQbuTv3jbnGOtuzoymMN6yy697rPKB0VVKRX3bdq6gCqKjPJj6jJ+ILd6O 0fyWLJxH5yFVvHoUoYewAA== 0001104659-04-016404.txt : 20040608 0001104659-04-016404.hdr.sgml : 20040608 20040608110008 ACCESSION NUMBER: 0001104659-04-016404 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040608 ITEM INFORMATION: FILED AS OF DATE: 20040608 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIANCE GAMING CORP CENTRAL INDEX KEY: 0000002491 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 880104066 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31558 FILM NUMBER: 04853135 BUSINESS ADDRESS: STREET 1: 6601 S. BERMUDA RD. CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 7028967700 MAIL ADDRESS: STREET 1: 6601 S. BERMUDA RD. CITY: LAS VEGAS STATE: NV ZIP: 89119 FORMER COMPANY: FORMER CONFORMED NAME: UNITED GAMING INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: GAMING & TECHNOLOGY INC DATE OF NAME CHANGE: 19890206 FORMER COMPANY: FORMER CONFORMED NAME: ADVANCED PATENT TECHNOLOGY INC DATE OF NAME CHANGE: 19830519 8-K 1 a04-6778_18k.htm 8-K

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):  June 8, 2004

 

Commission File Number 0-4281

 

ALLIANCE GAMING CORPORATION

(Exact name of registrant as specified in its charter)

 

NEVADA

 

88-0104066

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

 

 

6601 S. Bermuda Rd.

Las Vegas, Nevada  89119

(Address of principal executive offices) (Zip Code)

 

 

 

Registrant’s telephone number: (702) 270-7600

Registrant’s internet:  www.alliancegaming.com

 

 

 

ITEM 12.  Results of Operations and Financial Condition

 

On June 8, 2004, Alliance Gaming Corporation (“Alliance”) announced revised earnings guidance for fiscal year 2004 and 2005 and is furnished as Exhibit 99 of this Form8-K.

 

2

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto authorized.

 

 

ALLIANCE GAMING CORPORATION

 

 

(Registrant)

 

 

 

 

 

 

 

 

By

 /s/ Robert Miodunski

 

 

 

President and Chief Executive Officer

 

 

(Principal Executive Officer)

 

 

 

 

 

 

 

By

 /s/ Robert L. Saxton

 

 

 

Executive Vice President, Chief Financial

 

 

Officer and Treasurer (Principal

 

 

Financial  and Accounting Officer)

 

 

 

Date: June 8, 2004

 

3

 EX-99 2 a04-6778_1ex99.htm EX-99

Exhibit 99

 

FOR IMMEDIATE RELEASE

Investor and Media Contact: Robert L. Saxton

Alliance Gaming

(702) 270-7600

 

ALLIANCE GAMING UPDATES GUIDANCE FOR FISCAL YEAR 2004 AND 2005

 

 

Las Vegas, Nev., June 8, 2004 - Alliance Gaming Corporation (NYSE: AGI) today announced revised earnings guidance for fiscal year 2004 and 2005.

 

Fiscal Year 2004

 

For fiscal year ending June 30, 2004, the Company sees earnings from continuing operations in the range of $0.96 to $1.00 per share, compared to the prior guidance of $1.04. The reduction in earnings estimates reflect:

 

•                                          Lower yields on certain recurring revenue games, coupled with a slower deployment of certain new Wide Area Progressive games in the Nevada market due to regulatory processes.

 

•                                          The slower approval and deployment of new game revisions in the New York Lottery market.

 

•                                          The potential overall reduction in new game orders during the quarter, such as the timing of certain events in California.

 

•                                          Significant increase in R&D expenditures at both Bally and SDG, reflecting the level of game operating platform development work in process.

 

Fiscal year 2004 will also include the sale of certain leased assets at a Native American Class II facility, which will not affect the new unit sale totals.

 

 

Fiscal Year 2005

 

The Company also revised its earnings guidance for fiscal year 2005 to a range of $1.20 to $1.30 on a fully diluted basis on revenues of $600 million, with stronger sales levels expected in the latter half of the fiscal year.  This revision reflects the following:

 

•                                          The lack of certainty and the costs associated with emerging jurisdictions, both domestic and international, including the potential timing of expansion activities in the California market.

 

- MORE -

 

 

•                                          The uncertainty in timing of planned openings in the New York Video Lottery market and the continued minimum contractually required operating costs.

 

•                                          The negative impact on the competitive operating environment within certain Class II jurisdictions with respect to the uncertainty and lack of definition and enforcement in the regulatory process.

 

•                                          Accelerated R&D expenditures necessary to complete the operating platform developments currently underway for traditional and central determination markets

 

 

Alliance Gaming Corporation is a diversified gaming company headquartered in Las Vegas, Nevada.  The Company is engaged in the design, manufacture, operation and distribution of advanced gaming devices and systems worldwide and is currently the nation’s largest gaming machine route operator and operates a regional casino in central Mississippi. Additional information about the Company can be found on the Alliance Gaming web site at: www.alliancegaming.com.

 

This news release may contain “forward-looking” statements within the meaning of the Securities Act of 1933, as amended, and is subject to the safe harbor created thereby. Such information involves important risks and uncertainties that could significantly affect the results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements. Future operating results may be adversely affected as a result of a number of risks that are detailed from time to time in the company’s filings with the Securities and Exchange Commission.

 

- ALLIANCE GAMING CORP. -

 

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