ANCHOR GAMING
10-Q/A, 1998-05-14
MISCELLANEOUS AMUSEMENT & RECREATION
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<PAGE>

                                   UNITED STATES
                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
                                          
                                    FORM 10-Q A
(Mark One)
    [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
               OF THE SECURITIES EXCHANGE ACT OF 1934

                   For the quarterly period ended March 31, 1998
                                          
                                         OR
                                          
   [   ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR
                    15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
                                          
           For the transition period from _______________ to ____________
                          Commission file number 000-23124
                                          
                                   ANCHOR GAMING
               (Exact name of registrant as specified in its charter)
                                          
     NEVADA                                                88-0304253
(State or other jurisdiction of                            (I.R.S. Employer
incorporation or organization)                             Identification No.)
                              815 PILOT ROAD, SUITE G
                                 LAS VEGAS, NEVADA
                                       89119
                      (Address of principal executive offices)
                                     (Zip Code)
                                          
                                   (702) 896-7568
                (Registrant's telephone number, including area code)
                                          
                                          
                (Former name, former address and former fiscal year,
                           if changed since last report)

     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes    X      No           

Shares outstanding of each of the registrant's classes of common stock as of May
11, 1998:

<TABLE>
<CAPTION>

     Class                                      Outstanding as of May 11, 1998
     -----                                      ------------------------------
<S>                                             <C>
Common stock, $.01 par value                         12,549,382
</TABLE>

                                       - 1 -
<PAGE>

                                   ANCHOR GAMING

PART II.  OTHER INFORMATION
               
          Not applicable


     ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

                 Exhibits

                    27.4 Financial Data Schedule


                                       - 2 -
<PAGE>

                                     SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized


                                   ANCHOR GAMING
                                   (Registrant)


Date   May 13, 1998           /s/ Stanley E. Fulton
       -------------          ---------------------
                                   Stanley E. Fulton
                                   Chairman and 
                                     Chief Executive Officer



Date   May 13, 1998           /s/ Geoffrey A. Sage
       -------------          --------------------
                                   Geoffrey A. Sage
                                   Corporate Controller and
                                     Principal Accounting Officer
                                   

                                        -3-

<TABLE> <S> <C>

<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ANCHOR
GAMING'S CONSOLIDATED BALANCE SHEETS AND INCOME STATEMENTS AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   YEAR                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996             JUN-30-1997
<PERIOD-START>                             JUL-01-1995             JUL-01-1996
<PERIOD-END>                               JUN-30-1996             JUN-30-1997
<CASH>                                      78,112,530              66,427,369
<SECURITIES>                                         0                       0
<RECEIVABLES>                                5,601,862               6,403,671
<ALLOWANCES>                                         0                       0
<INVENTORY>                                  3,197,955               3,196,918
<CURRENT-ASSETS>                            88,952,371              78,264,051
<PP&E>                                      57,776,237              85,033,436
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                             162,311,797             188,876,369
<CURRENT-LIABILITIES>                       10,974,243              13,618,248
<BONDS>                                      3,650,000               2,800,000
                                0                       0
                                          0                       0
<COMMON>                                       134,742                 135,796
<OTHER-SE>                                 146,172,539             171,195,072
<TOTAL-LIABILITY-AND-EQUITY>               162,311,797             188,876,369
<SALES>                                              0                       0
<TOTAL-REVENUES>                           116,466,321             153,748,599
<CGS>                                                0                       0
<TOTAL-COSTS>                               82,585,720             100,554,593
<OTHER-EXPENSES>                           (2,070,993)             (3,770,835)
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                             428,991                 287,711
<INCOME-PRETAX>                             35,522,603              56,677,130
<INCOME-TAX>                                13,187,559              21,000,702
<INCOME-CONTINUING>                         22,335,044              35,676,428
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                22,335,044              35,676,428
<EPS-PRIMARY>                                     1.89                    2.68
<EPS-DILUTED>                                     1.85                    2.64
        

</TABLE>


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