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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. NAME AND ADDRESS OF REPORTING PERSON
Acres, John F.
c/o Acres Gaming
7115 Amigo Street, Suite 150
Las Vegas, Nevada 89119
2. ISSUER NAME AND TICKER OR TRADING SYMBOL
Acres Gaming Incorporated
AGAM
3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)
4. STATEMENT FOR MONTH/YEAR
December 1999
5. IF AMENDMENT, DATE OF ORIGINAL (MONTH/YEAR)
6. RELATIONSHIP OF REPORTING PERSON(S) TO ISSUER (CHECK ALL APPLICABLE)
(X) Director (X) 10% Owner (X) Officer (give title below)
( ) Other (specify below)
Chairman of the Board
7. INDIVIDUAL OR JOINT/GROUP FILING (CHECK APPLICABLE LINE)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security | 2. |3. |4.Securities Acquired (A) or |5.Amount of |6.Dir-|7.Nature of Indirect
| Transaction | Disposed of (D) | Securities |ect | Beneficial Ownership
| | | | Beneficially |(D)or |
| | | | A/| | Owned at |Indir-|
| Date |Code|V| Amount | D | Price | End of Month |ect(I)|
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Common Stock | | | | | | |1,878,866 | I | *
$.01 Par Value | | | | | | | 184,288 | I | **
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of |2.Con- |3. |4. |5.Number of |6.Date Exer- |7.Title and Amount |8.Price |9.Number |10. |11.Nature
Derivative |version | | | Derivative |cisable and | of Underlying |of Deri-| of Deriva- |Owner- |of
Security |or Exer | | | Securities |Expiration | Securities |vative | tive |ship |Indirect
|cise | | | Acquired (A) |Date | |Security| Securities |form |Bene-
|Price of| | | or Disposed | | |Amount | | Beneficial-|of Sec-|ficial
|Deriva- | | | of (D) |Date |Expir- | |or | | ly |urities|ownership
|tive |Trans- |Trans-| |Exer |ation | |Number | | Owned at |owned |
|Secu- |action |action| |cisa |Date | |of | | End of |at mo. |
|rity |Date |Code|V| (A) | (D) |ble | | Title |Shares | | Month |end |
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Stock Option | $3.50 | 12/8/99| D |V| |160,000 |2/1/99|2/1/06 |Common Stock|160,000| | | |
Stock Option | $6.94 | | | | | | *** |6/19/07 |Common Stock| 7,500| | 7,500 | I |By Spouse
Stock Option | $3.63 | | | | | | **** |11/18/08|Common Stock| 2,500| | 2,500 | I |By Spouse
Stock Option | $1.09 | 12/3/99| A |V|2,500 | |***** |12/3/09 |Common Stock| 2,500| | 2,500 | I |By Spouse
(all Stock Options are Right to Buy)
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</TABLE>
Explanation of Responses:
* By self as trustee for the John and JoAnn Acres 1989 Living Trust.
** Held by a custodian fbo the reporting person's minor children. The
reporting person does not exercise any discretionary control over such
shares and disclaims any beneficial ownership thereof.
*** Option vests as to 1,875 shares on each of 6/19/97, 6/19/98, 6/19/99 and
6/19/00.
**** Option vests as to 625 shares on each of 11/18/98, 11/18/99, 11/18/00,
11/18/01.
***** Option vests as to 625 shares on 12/3/99, 12/3/00, 12/3/01, 12/3/02.
SIGNATURE OF REPORTING PERSON
/s/ John F. Acres, by Reed M. Alewel, Attorney in Fact
DATE
01-06-2000
