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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 Qfij+yav/9Evy6pW9phU42IC+rmS9eJvXCde26WrNTjZRCzOqFjOodDHbdAWI4DC
 KaDVsrdstvoiK33zU+J96Q==

<SEC-DOCUMENT>0001179110-04-000958.txt : 20040112
<SEC-HEADER>0001179110-04-000958.hdr.sgml : 20040112
<ACCEPTANCE-DATETIME>20040112153945
ACCESSION NUMBER:		0001179110-04-000958
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040108
FILED AS OF DATE:		20040112

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			VERNER KEVIN
		CENTRAL INDEX KEY:			0001199718

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31558
		FILM NUMBER:		04520728

	MAIL ADDRESS:	
		STREET 1:		527 MADISONA VE
		STREET 2:		17TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	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

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
<periodOfReport>2004-01-08</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000002491</issuerCik>
        <issuerName>ALLIANCE GAMING CORP</issuerName>
        <issuerTradingSymbol>agi</issuerTradingSymbol>
</issuer>
<reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001199718</rptOwnerCik>
            <rptOwnerName>VERNER KEVIN</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6601 S. BERMUDA ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LAS VEGAS</rptOwnerCity>
            <rptOwnerState>NV</rptOwnerState>
            <rptOwnerZipCode>89119</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>0</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle></officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable></nonDerivativeTable>
<derivativeTable><derivativeTransaction><securityTitle><value>Employee Stock Options (right to buy)</value>
</securityTitle>
<conversionOrExercisePrice><value>24.65</value>
</conversionOrExercisePrice>
<transactionDate><value>2004-01-08</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>A</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>195000</value>
</transactionShares>
<transactionPricePerShare><value>24.65</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate><footnoteId id="F1"></footnoteId>
</exerciseDate>
<expirationDate><footnoteId id="F1"></footnoteId>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock $0.10 per par value per share</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>195000</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>195000</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
</derivativeTable>
<footnotes><footnote id="F1">These options vest in four equal tranches of 48,750 shares each, vesting if on or before January 8, 2009 the average closing stock price for twenty consecutive days exceeds $35 for the first tranche, $40 for the second, $45 for the third, and $50 for the fourth.  Any options not vested as of January 8, 2009, will vest on January 8, 2011, and will remain exercisable thereafter only until April 8, 2011, subject to extension for the length of any "blackout" period during which directors and officers are not permitted to sell the Company's stock.  These options are granted in lieu of the threee grants of immediately-vesting ten-year options of 30,000 shares each (for a total of 90,000 shares) that would otherwise have been granted on the dates of the annual shareholder meetings in 2003, 2004 and 2005, and which Mr. Verner has agreed to forego.</footnote>
</footnotes>
<ownerSignature><signatureName>Kevin Verner</signatureName>
<signatureDate>2004-01-12</signatureDate>
</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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