Business Wire: Mikohn Announces Various Contracts and Key Developments; Company Comments on Second H

Business Editors/Entertainment Editors

LAS VEGAS--(BUSINESS WIRE)--Sept. 18, 2002

Mikohn Gaming Corporation (Nasdaq:MIKN) today announced several key developments at its presentation at the Global Gaming Investment Forum being held in conjunction with the G2E Gaming Show. Further details regarding the developments outlined below and the presentation referenced above can be found in the Company's Form 8K to be filed later today.

"Our Caribbean Stud(R) table game has enjoyed lasting popularity throughout the United States are we are very pleased to have received this important approval from the State of California," stated Bob Parente, Exec. V.P. Sales of Mikohn Gaming.

The Company also announced the signing of two new contracts for its proprietary TableLink(R) table game tracking system. Barona Casino in Southern California and Casino Niagara in Niagara Falls, Ontario, have both signed contracts with Mikohn for the TableLink PT player tracking systems. The installation at Casino Niagara marks the first such installation in Canada.

The TableLink suite of products provides table game management with the same on-line accounting, management information, merchandising tools and accuracy currently enjoyed by slot managers throughout the industry. TableLink PT is the base module within Mikohn's suite of table game management systems, which allows players to be tracked using card readers at each gaming position.

It is upgradeable to TableLink CT, the second tier of the system, which adds automated bet recognition. TableLink(R) GT, which is the top tier, records actual win or loss per player automatically on all blackjack games. The TableLink system can be easily interfaced with existing casino management systems for the communication of real-time player tracking.

In addition, Mikohn also announced that its enhanced Dallas software platform has been sent for submission to gaming regulators in both Mississippi and Ontario. This enhanced version of the software platform improves the functionality, reliability and robustness of this platform to offer all casino customers and players a more satisfying experience with devices utilizing the Dallas platform. It is anticipated that the enhanced platform will be available in all jurisdictions having Mikohn games by year-end.

Mikohn has returned to Mississippi with its popular YAHTZEE(R) Video(TM) slot game utilizing the enhanced software platform and it is expected that Mississippi regulators will announce a trial start date shortly.

Looking at the balance of the year, John Garner, CFO said; "We have made significant progress towards our goal of returning to profitability. As we have previously stated, the third quarter period ending September 30, 2002 will bear the impact of the restructuring costs and may be impacted further as we continue to closely scrutinize and evaluate our various operating divisions. Looking ahead to the fourth quarter, we anticipate reaching a breakeven level of operations after implementation of our restructuring plan."

Russ McMeekin, President and CEO, commented, "We are pleased to further penetrate the California marketplace, as demand for our gaming technology solutions and games continues to grow. We are also delighted that regulatory testing for YAHTZEE in Mississippi is expected to begin shortly. The YAHTZEE game is the all-time leader in five-of-a-kind dice games and has been a tremendous favorite with casino operators and players since its introduction some two years ago. Successful completion of the Mississippi beta test will lead to placement of our games in the country's third largest gaming market. These key developments, along with our recent restructuring, set the stage for a return to profitability in the fourth quarter."

About Mikohn

Mikohn is a diversified supplier to the casino gaming industry worldwide, specializing in the development of innovative products with recurring revenue potential. Mikohn develops, manufactures and markets an expanding array of slot games, table games and advanced player tracking and accounting systems for slot machines and table games. The company is also a leader in exciting visual displays and progressive jackpot technology for casinos worldwide. There is a Mikohn product in virtually every casino in the world. For further information, visit the company's website: www.mikohn.com.

Safe Harbor Statements under The Private Securities Litigation Reform Act of 1995: Except for historical information, statements in this release regarding the business outlook for Mikohn Gaming Corporation (the Company) are forward looking and are subject to certain risks and uncertainties including the overall industry environment, customer acceptance of the Company's new products, delay in the introduction of new products, the further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of privileged operating licenses by governmental authorities, competitive pressures and general economic conditions as well as the Company's, debt service obligations and other factors indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.