-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 G/RQvs73bTi9xlluEvrjmYcx+zhbK85UpP8aM4SllgUYyIy7+GHl/2z+jcz9QHuE
 04KUvkiQ4ZbYGkZrirkJ+g==

<SEC-DOCUMENT>0001179110-04-001464.txt : 20040121
<SEC-HEADER>0001179110-04-001464.hdr.sgml : 20040121
<ACCEPTANCE-DATETIME>20040121125958
ACCESSION NUMBER:		0001179110-04-001464
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040120
FILED AS OF DATE:		20040121

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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DES CHAMPS STEVEN
		CENTRAL INDEX KEY:			0001195798

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31558
		FILM NUMBER:		04534494

	BUSINESS ADDRESS:	
		STREET 1:		6601 S. BERMUDA RD
		STREET 2:		C/O ALLIANCE GAMING CORP
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89119
		BUSINESS PHONE:		7028967762

	MAIL ADDRESS:	
		STREET 1:		6601 S. BERMUDAN RD
		STREET 2:		C/O ALLIANCE GAMING CORP
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89119
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
<periodOfReport>2004-01-20</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000002491</issuerCik>
        <issuerName>ALLIANCE GAMING CORP</issuerName>
        <issuerTradingSymbol>agi</issuerTradingSymbol>
</issuer>
<reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001195798</rptOwnerCik>
            <rptOwnerName>DES CHAMPS STEVEN</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>0</isDirector>
<isOfficer>1</isOfficer>
<isTenPercentOwner>0</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle>SR VP CAO</officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Alliance Gaming Corporation, $.10 par</value>
</securityTitle>
<transactionDate><value>2004-01-20</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>S</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>8200</value>
</transactionShares>
<transactionPricePerShare><value>24.27</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>2000</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction><securityTitle><value>Alliance Gaming Croporation, $.10 par</value>
</securityTitle>
<transactionDate><value>2004-01-20</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>X</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>228</value>
</transactionShares>
<transactionPricePerShare><value>13.75</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>228</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction><securityTitle><value>Alliance Gaming Corporation, $.10 par</value>
</securityTitle>
<transactionDate><value>2004-01-20</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>S</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>228</value>
</transactionShares>
<transactionPricePerShare><value>24.1845</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction><securityTitle><value>Alliance Gaming Corporation, $.10 par</value>
</securityTitle>
<transactionDate><value>2004-01-20</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>X</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>7272</value>
</transactionShares>
<transactionPricePerShare><value>13.75</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>7272</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction><securityTitle><value>Alliance Gaming Corporation, $.10 par</value>
</securityTitle>
<transactionDate><value>2004-01-20</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>S</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>7272</value>
</transactionShares>
<transactionPricePerShare><value>24.1845</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction><securityTitle><value>Alliance Gaming Corporation, $.10 par</value>
</securityTitle>
<transactionDate><value>2004-01-20</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>X</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>7499</value>
</transactionShares>
<transactionPricePerShare><value>17.35</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>7499</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction><securityTitle><value>Alliance Gaming Corporation, $.10 par</value>
</securityTitle>
<transactionDate><value>2004-01-20</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>S</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>7499</value>
</transactionShares>
<transactionPricePerShare><value>24.1845</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
</nonDerivativeTable>
<derivativeTable><derivativeTransaction><securityTitle><value>Employee Stock Options (right to buy)</value>
</securityTitle>
<conversionOrExercisePrice><value>13.75</value>
</conversionOrExercisePrice>
<transactionDate><value>2004-01-20</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>X</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>228</value>
</transactionShares>
<transactionPricePerShare><value>13.75</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate><value>2003-12-11</value>
</exerciseDate>
<expirationDate><value>2011-12-11</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock, $0.10 par value per share</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>228</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts><valueOwnedFollowingTransaction><value>228</value>
</valueOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
<derivativeTransaction><securityTitle><value>Employee Stock Options (right to buy)</value>
</securityTitle>
<conversionOrExercisePrice><value>13.75</value>
</conversionOrExercisePrice>
<transactionDate><value>2004-01-20</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>X</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>7272</value>
</transactionShares>
<transactionPricePerShare><value>13.75</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate><value>2003-12-11</value>
</exerciseDate>
<expirationDate><value>2011-12-11</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock $0.10 par value per share</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>7272</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts><valueOwnedFollowingTransaction><value>7272</value>
</valueOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
<derivativeTransaction><securityTitle><value>Employee Stock Options (right to buy)</value>
</securityTitle>
<conversionOrExercisePrice><value>17.35</value>
</conversionOrExercisePrice>
<transactionDate><value>2004-01-20</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>X</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>7499</value>
</transactionShares>
<transactionPricePerShare><value>17.35</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate><value>2003-12-03</value>
</exerciseDate>
<expirationDate><value>2012-12-03</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock, $0.10 par value per share</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>7499</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts><valueOwnedFollowingTransaction><value>7499</value>
</valueOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
</derivativeTable>
<footnotes></footnotes>
<ownerSignature><signatureName>Steven Des Champs</signatureName>
<signatureDate>2004-01-20</signatureDate>
</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----