Herbst Gaming Anchor Coin (IGT)

LAS VEGAS, Feb 26, 2003 (BUSINESS WIRE) —

Herbst Gaming Inc. (“Herbst Gaming” or the “company”) and International Game Technology (NYSE: IGT) today announced the closing of the previously announced Anchor Coin slot route transaction for a purchase price of approximately $61 million.

Ed Herbst, president of Herbst Gaming stated, “We are pleased to close the Anchor Coin transaction and look forward to the expansion of the number of our gaming locations, as we continue our efforts to provide an exciting and entertaining experience to our customers.”

Rich Baldwin, director of Corporate Finance for IGT commented, “We are pleased with the consummation of the slot route transaction and are confident that Herbst Gaming will continue to serve our former customers and employees well.” Added Baldwin, “We wish Herbst the best and look forward to furthering the relationship between the two companies.”

This press release may be deemed to contain certain forward-looking statements with respect to the business, financial condition, results of operations, dispositions, and acquisitions, of the company and its subsidiaries which involve risk and uncertainties, including, but not limited to, financial market risks, economic conditions, regulatory matters and litigation and other risks described in the filings of the company with the Securities and Exchange Commission.

Herbst Gaming, Las Vegas
Mary Beth Higgins, 702/740-4576
or
IGT
Robert Mclver, 775/448-0110

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