Alliance Gaming Endorsed To Buy Sierra Design Group

By: Associated Press
By: Associated Press

Alliance Gaming Corp. got a recommendation Wednesday from Nevada regulators to complete its deal to buy privately held Sierra Design Group for $191 million.

The state Gaming Control Board's recommendation will be reviewed Feb. 19 by its parent Nevada Gaming Commission.

Alliance executives have called the acquisition a strategic move, giving the company the ability to offer products in many gambling markets.

The deal gives Las Vegas-based Alliance immediate entry to the fast-growing electronic bingo machine, or Class II, gambling markets in Oklahoma, Florida and Alabama.

Alliance also will be able to tap the centrally linked progressive Class III games in Washington; and video lottery terminal, or racino, markets such as New York where it now offers no products.

Reno-based Sierra Design is a leading supplier of Class II and Class III gambling devices.

The electronic bingo markets Alliance will target are considered important given a recent National Indian Gaming Commission ruling that approved Class II machines as legal gambling devices in tribal casinos.

The federal ruling allows American Indian tribes that don't have compacts with states to offer unlimited numbers of bingo slots.


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