Fahrenkopf To Step Down At AGA

                        Fahrenkopf To Step Down At AGA

Tenure of Organization's First and Only Chief Executive Marked by Significant
Accomplishment

PR Newswire

WASHINGTON, Jan. 7, 2013

WASHINGTON, Jan. 7, 2013 /PRNewswire/ --Frank Fahrenkopf, president and CEO
of the American Gaming Association (AGA), announced today that he is stepping
down from his AGA position, effective June 30, 2013.

"I have enjoyed my time at the helm of this incredible organization and am
proud to have represented an industry that provides tens of millions of men
and women with the best entertainment value in the world," Fahrenkopf said.
"It has been a true honor to work with so many passionate and innovative
leaders as we have moved the industry forward during the past 17 ½ years."

The AGA board and Fahrenkopf have been involved in succession planning over
the course of the past two years and reached an agreement in December 2011 on
the date when he would step down. Fahrenkopf has been the first and only chief
executive of the AGA since its inception in July 1995.

"I cannot begin to express the tremendous gratitude and respect our entire
board holds for Frank," said Richard Haddrill, chairman of Bally Technologies,
Inc. and chairman of the AGA. "He has been a steady, thoughtful leader through
a period of great change for our industry and has steered us through some of
its most difficult challenges. The fact that today our industry is recognized
as a vital part of the global economy is in no small part due to his tireless
efforts and leadership."

Fahrenkopf noted that when the AGA was created, the perception of the gaming
industry in Washington and throughout much of the country was based more on
myth than reality. From its first day of operation, the AGA's mission has been
to create a better understanding of the industry by bringing the facts about
it to the general public, elected officials, other decision makers and the
media through education and advocacy.

The AGA has enjoyed tremendous success under Fahrenkopf's leadership. Gaming
industry leaders cited the positive findings and recommendations of the
National Gambling Impact Study Commission, the establishment and good works of
the National Center for Responsible Gaming, and the worldwide success of
industry trade shows Global Gaming Expo and G2E Asia as watershed
accomplishments.

The creation and adoption of an industrywide code of conduct for responsible
gaming, creation of the AGA Diversity Task Force to promote diversity in
industry hiring and procurement, the recent establishment of the Global Gaming
Women program and leadership in the pursuit of intelligent regulatory reform
also are key successes.

"There's no doubt that Frank's political savvy has been instrumental in
protecting and promoting our industry's interests on Capitol Hill, but the
impact of his leadership stretches well beyond Washington," said Jim Murren,
chairman and CEO of MGM Resorts International. "From the very start, he
understood the need to unify the industry in addressing key issues like
responsible gaming and diversity, programs that are at the cornerstone of how
we do business. It hasn't always been easy to bring our disparate group
together, but he did it. Frank's legacy at the AGA is testament to what we
can accomplish together."

"Frank Fahrenkopf has led the AGA with unique understanding of both federal
politics and the gaming industry," said Gary Loveman, chairman, president and
CEO of Caesars Entertainment Corp. "He has established our association as the
voice of a dynamic and controversial industry, and done so with integrity,
grace and consistent focus."

In acknowledging the host of key individuals who have contributed to the AGA's
achievements over the years, Fahrenkopf said, "Too many people have played a
major part in our success for me to name each of them, but I would like to
acknowledge the AGA board members who have provided the support we needed to
succeed, and, of course, the staff, both current and former, who made coming
into the office each day a pleasure. I look forward to continuing to work with
this talented group in the coming months as we transition to this new era for
the AGA. Their experience leaves the organization in very good hands."

An executive search firm has been retained to identify Fahrenkopf's successor.
Post-June 30, he will be retained as a consultant to the AGA to assist with
the transition through at least the end of 2013.

Fahrenkopf was the chairman of the Republication National Committee for six of
Ronald Reagan's eight years in the White House and led the party through
successful presidential elections in 1984 and 1988. He continues to serve as
co-chairman of the Commission on Presidential Debates, which conducts the
general election presidential and vice presidential debates in presidential
election years.

For more information about the AGA and the global gaming entertainment
industry, visit www.americangaming.org and follow the AGA on Twitter and
Facebook.

The AGA represents the commercial casino-entertainment industry by addressing
federal legislative and regulatory issues. The association also serves as a
clearinghouse for information, develops educational and advocacy programs, and
provides leadership on industry-related issues of public concern.

SOURCE American Gaming Association

Website: http://www.americangaming.org
Contact: Holly Wetzel, +1-202-552-2686
 
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