<PAGE>
                                                                 EXHIBIT 10.29

                                 ANCHOR GAMING
                        EXECUTIVE STOCK OPTION AGREEMENT

    THIS AGREEMENT, dated as of September 24, 2000, is by and between Anchor
Gaming, a Nevada corporation("ANCHOR GAMING"), and             (the
"PARTICIPANT").

                                    RECITALS

    The Board of Directors of Anchor Gaming has adopted the Anchor Gaming 2000
Stock Incentive Plan (the "2000 PLAN") to enable directors, officers, and
employees of Anchor Gaming and its majority-owned subsidiaries to acquire shares
of Common Stock, $.01 par value, of Anchor Gaming ("COMMON STOCK") in accordance
with the provisions of the 2000 Plan.

    The 2000 Plan is subject to the approval of the stockholders of the Company
at the next annual meeting of stockholders.

    All Options granted under this Agreement that Vest on the consummation of
the Fulton Transactions (as defined in ATTACHMENT A) are granted under and will
be subject to the terms of the Anchor Gaming 1995 Stock Option Plan (as amended,
the "1995 PLAN").

    The Board of Directors (the "BOARD") has selected Participant to participate
in the 1995 Plan and the 2000 Plan and has determined to grant Participant the
right and option to purchase shares of Common Stock in accordance with the terms
and conditions of this Agreement, provided that if any change is made in the
shares of Common Stock (including, but not limited to, changes by stock
dividend, stock split, merger or consolidation, but not including the issuance
of additional shares for consideration), the Board of Directors or the Committee
appointed to administer the Plan (the "COMMITTEE"), will make such adjustments
in the number and kind of shares (which may consist of shares of a surviving
corporation to a merger) that may thereafter be optioned and sold under the 1995
Plan or the 2000 Plan, as applicable, and the number and kind of securities or
other property (which may consist of shares of a surviving corporation to a
merger) and purchase price per share of shares subject to outstanding Stock
Option Agreements under the 1995 Plan and the 2000 Plan as the Board of
Directors or the Committee determines are equitable to preserve the respective
rights of the Participants under the 1995 Plan or the 2000 Plan, as applicable.

    NOW, THEREFORE, in consideration of the foregoing and of the mutual promises
and other terms and conditions set forth in this Agreement, Anchor Gaming and
Participant agree as follows:

    1.  DEFINITIONS.  As used in this Agreement, the following terms have the
meanings indicated:

        (a) "CAUSE" means that the Board reasonably finds that any one or
    more of the following events has occurred: (i) performance by Participant
    of illegal or fraudulent acts, criminal conduct, or willful misconduct
    relating to the activities of the Company, including, without limit,
    violation by Participant of any material gaming laws or regulations,
    which violation materially and adversely affects the ability of
    Participant to perform his duties to the Company or may subject the
    Company to liability; (ii) conviction of, or nolo contendere plea by
    Participant to, any criminal acts involving moral turpitude having a
    material adverse effect upon the Company, including, without limitation,
    upon its profitability, reputation, or goodwill; (iii) willful and
    material disregard of any reasonable directive(s) from the Board that are
    not inconsistent with the terms of any contract with the Company to which
    Participant is party, PROVIDED that the Board will provide Participant
    with written notice that such event has occurred ("NOTICE OF DISREGARD")
    and will further allow Participant 30 days in which to cure such
    disregard, and PROVIDED FURTHER that the Board will provide an
    opportunity for Participant to be heard if there is no cure within 30
    days of the Notice of

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    Disregard; (iv) breach of fiduciary duty, PROVIDED that the Board will
    provide Participant with written notice that such event has occurred
    ("NOTICE OF BREACH OF FIDUCIARY DUTY") and will further allow Participant
    30 days in which to cure such breach of fiduciary duty, and PROVIDED
    FURTHER that the Board will allow an opportunity for Participant to be
    heard if there is no cure within 30 days of the Notice of Breach of
    Fiduciary Duty; (v) material violation, not cured in a reasonable time
    after notice from the Company, by Participant of any of the covenants and
    agreements contained in any agreement with the Company to which
    Participant is party; (vi) failure or inability of Participant to obtain
    or maintain required gaming licenses or approvals.

        (b) "CHANGE OF CONTROL" means the occurrence of any of the following
    events, as a result of one transaction or a series of transactions: (i) any
    "person" (as that term is used in Sections 13(d) and 14(d) of the Securities
    Exchange Act of 1934, as amended, (the "Exchange Act"), but excluding the
    Company, its affiliates, and any qualified or non-qualified plan maintained
    by the Company or its affiliates) becomes the "beneficial owner" (as defined
    in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly,
    of securities of the Anchor Gaming representing more than 50% of the
    combined voting power of the Anchor Gaming's then outstanding securities;
    (ii) individuals who constitute a majority of the Board of Directors of the
    Company immediately prior to a contested election for positions on the Board
    cease to constitute a majority as a result of such contested election;
    (iii) Anchor Gaming is combined (by merger, share exchange, consolidation,
    or otherwise) with another entity and as a result of such combination, less
    than 50% of the outstanding securities of the surviving or resulting entity
    are owned in the aggregate by the former shareholders of Anchor Gaming;
    (iv) the Company sells, leases, or otherwise transfers all or a majority of
    all of its properties, assets or income or revenue generating capacity to
    another person or entity; (v) a dissolution or liquidation of Anchor Gaming
    or; (vi) any other transaction or series of transactions is consummated that
    results in a required disclosure under Item 1 of Form 8-K or successor form.

        (c) "COMPANY" means Anchor Gaming and its majority-owned subsidiaries.

        (d) "CONFIDENTIAL INFORMATION" means all written, machine-reproducible,
    oral and visual data, information, and material, including, but not limited
    to, business, financial, and technical information, records regarding sales,
    price and cost information, marketing plans, customer names, customer lists,
    sales techniques, manufacturing or distribution plans or procedures; and
    computer programs, documents, and records (including those that Participant
    develops in the scope of his or her employment) that (i) the Company or any
    of its customers or suppliers treats as proprietary or confidential through
    markings or otherwise, (ii) relates to the Company or any of its customers
    or suppliers or any of their business activities, products, or services
    (including software programs and techniques) and is competitively sensitive
    and not generally known in the relevant trade or industry, or (iii) derives
    independent economic value from not being generally known to, and is not
    readily ascertainable by proper means by, other persons who can obtain
    economic value from its disclosure or use. Confidential Information does not
    include any information or material that is approved by Anchor Gaming for
    unrestricted public disclosure.

        (e) "EXPIRATION DATE" means the date and time as of which the Option
    expires, which is the earlier of (i) the close of business on the date one
    (1) year after the entire Option has Vested or (ii) the date and time as of
    which all rights to exercise the Option are terminated under SECTION 2(e).

        (f) "MARKET VALUE" of a share of Purchased Stock on a given date means
    (i) if the Purchased Stock is Publicly Traded, the closing sale price for
    Purchased Stock, as determined in good faith by the Board of Directors, on
    such date or, if no closing sale price is available for such date, on the
    most recent prior date for which a closing sale price is available or, if no
    closing sale price is available, the closing bid price, as so determined, on
    such date or, if no closing bid price is available for such date, the
    closing bid price on the most recent prior date for which a closing bid
    price is available, or (ii) if

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<PAGE>
    the Purchased Stock is not Publicly Traded, its fair market value, as
    determined in good faith by the Board of Directors, as of such date.

        (g) "NET INVESTMENT PROCEEDS," with respect to any share of Purchased
    Stock sold or otherwise transferred by Participant or Participant's
    successor in interest, means the greater of the value of the gross proceeds
    received for such share or the Market Value of such share on the date of
    sale or transfer less, in either case, (i) the exercise price of the Option
    for such share, (ii) any reasonable and customary commission actually paid
    for the sale or transfer, and (iii) the verified amount of any income taxes
    paid or payable on the sale or transfer.

        (h) "OPTION" means the right and option to purchase shares of Common
    Stock evidenced by this Agreement.

        (i) "PUBLICLY TRADED" means Common Stock has been listed on a registered
    national securities exchange or approved for quotation in the
    Nasdaq-Registered Trademark- National Market ("NASDAQ") or another national
    securities exchange of automated quotation service.

        (j) "PURCHASED STOCK" means any security or property purchased upon the
    exercise of this Option, together with any successor security, property or
    cash issued or distributed by Anchor Gaming or any successor entity, whether
    by way of merger, consolidation, share exchange, reorganization,
    liquidation, recapitalization, or otherwise.

        (k) "TRANSFER" or "TRANSFER" or derivations thereof includes any sale,
    assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange, or
    any other disposition or any interest in this Agreement, the Option, or
    securities issued on exercise of this Option."

        (l) "VEST," "VEST," or derivations thereof with respect to any Option
    issued under this Agreement, means receiving the right to exercise the
    Option.

        (m) "VESTING PERIOD" means the period of time commencing on the date of
    this Agreement and ending on the date on which the entire Option has vested.

    2.  GRANT OF OPTION; PURCHASE OF STOCK.

        (a) Subject to the terms, conditions, and restrictions set forth in the
    1995 Plan and the 2000 Plan, as applicable, and in this Agreement, Anchor
    Gaming hereby grants to Participant, and Participant hereby accepts from
    Anchor Gaming, the Option to purchase from Anchor Gaming the number of
    shares of Common Stock specified in ATTACHMENT A to this Agreement, at the
    exercise price so specified, which option will vest in Participant in
    accordance with the Vesting Schedule set forth on ATTACHMENT A to this
    Agreement. The Option will continue to vest only for as long as Participant
    is an employee of Company, unless the Board or the Committee, in its sole
    discretion, agrees in writing otherwise. Participant will have the right to
    exercise the Option and purchase Common Stock after the Option vests as
    provided in SECTION 2(d).

        (b) The exercise price of shares as to which the Option is exercised
    must be paid to Anchor Gaming at the time of the exercise either in cash or
    in such other consideration as the Board or the Committee may approve
    consistent with the 1995 Plan or the 2000 Plan, as applicable, or a
    combination of cash and such other consideration having a total fair market
    value, as determined by the Board or the Committee, equal to the purchase
    price.

        (c) The Option is only exercisable as to vested Options. If Participant
    is subject to termination for Cause or voluntary termination, Participant
    may only exercise only those vested Options held by Participant at the time
    of termination.

        (d) Notwithstanding the other provisions of this Agreement or ATTACHMENT
    A, if Participant is terminated from employment with the Company without
    Cause, Options not yet vested under ATTACHMENT A will vest immediately.

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<PAGE>
        (e) Once vested, (i) if the Participant ceases to be an employee of the
    Company for any reason whatsoever, voluntary or involuntary, other than
    death, the Option may be exercised only until 5:00 p.m. Las Vegas time on
    the business day immediately preceding the first anniversary of such
    cessation the date of cessation of employment and in any case no later than
    the Expiration Date, and (ii) if the Participant ceases to be an employee
    because of death of the Participant, the Option may be exercised by the
    Participant's estate only for two years after the Participant's death and in
    any case no later than the Expiration Date.

        (f) Notwithstanding any other provision of this Agreement, in the event
    of Change of Control, Options not yet vested under ATTACHMENT A will vest
    immediately.

        (g) In the event that the total compensation paid to Participant as
    severance in the event of a Change of Control, taking into account all cash
    severance payments, shares of stock, accelerated vesting of stock options,
    and bonuses, if any (such payments being the "SEVERANCE PAYMENT"), is found
    to constitute "an excess parachute payment" within the meaning of
    Section 280G of the Internal Revenue Code of 1986, as amended (the "CODE"),
    then Anchor Gaming will pay to Participant, in addition to the compensation
    paid as the Severance Payment, an additional amount (the "additional
    amount") which, after reduction for income taxes and excise taxes on the
    additional amount, is sufficient to provide for the payment of any excise
    tax that may be due by Participant on the Severance Payment.

    3.  RESTRICTIONS ON TRANSFER.  The Option may not be sold or otherwise
transferred and is exercisable only by Participant during Participant's lifetime
unless the transfer is by will or the laws of descent and distribution upon
Participant's death. Anchor Gaming is not obligated to recognize any purported
sale or other transfer of the Option or any Purchased Stock in violation of this
Section 3 and, unless it elects to do otherwise, may treat any such purported
sale or transfer as null, void, and of no effect.

    4.  RIGHTS TO BUY BACK PURCHASED STOCK AND TO REQUIRE PAYBACK OF CERTAIN
PROFITS.

        (a) If Participant has engaged in any conduct prohibited by SECTION 5,
    Anchor Gaming will have the right exerciseable until the expiration of
    395 days after termination of employment (i) to cancel any unexercised
    Option, whether or not vested, and to buy back from Participant any
    shares of Purchased Stock then owned by Participant, at a purchase price
    equal to the price per share paid by Participant for the shares, and (ii)
    to require Participant to pay back to Anchor Gaming in cash the Net
    Investment Proceeds with respect to any shares of Purchased Stock sold or
    otherwise transferred by Participant.

        (b) Whenever Anchor Gaming has a right to buy back shares of Purchased
    Stock or to require Participant to pay back to Anchor Gaming Participant's
    Net Investment Proceeds with respect to any shares of Purchased Stock under
    this SECTION 4, Anchor Gaming may exercise its right by notifying
    Participant or the subsequent holder of Anchor Gaming's election to exercise
    its right within the designated exercise period. In the case of a buyback
    under SECTION 4(a), the giving of such notice will give rise to an
    obligation on the part of Participant or the subsequent holder to tender to
    Anchor Gaming, within 10 days, any previously issued certificate
    representing shares of Purchased Stock to be bought back, duly endorsed in
    blank or having a duly executed stock power attached in proper form for
    transfer free and clear of any claim by any other person or entity. If any
    such certificate is not tendered within 10 days, Anchor Gaming may cancel
    any outstanding certificate representing shares to be bought back. Anchor
    Gaming is required to tender the purchase price for shares to be bought back
    under this SECTION 4 within 20 days of giving notice of its election to
    exercise its right to buy back shares. If the person from whom the shares
    are to be bought back has not complied with an obligation to return a
    certificate representing shares to be bought back, however, Anchor Gaming is
    not required

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<PAGE>
    to tender the purchase price until 20 days after the certificate is duly
    returned or 20 days after it cancels the certificate, whichever occurs
    first.

        (c) The provisions of this SECTION 4 will expire on the occurrence of
    a Change of Control.

    5.  COMPETITION AND NON-DISCLOSURE.  Participant acknowledges that: (i) in
the course and as a result of employment with the Company, Participant will
obtain special training and knowledge and will come in contact with the
Company's current and potential customers, which training, knowledge, and
contacts would provide invaluable benefits to competitors of the Company;
(ii) the Company is continuously developing or receiving Confidential
Information, and that during Participant's employment he or she will receive
Confidential Information from the Company, its customers and suppliers and
special training related to the Company's business methodologies; and
(iii) Participant's employment by Company creates a relationship of trust that
extends to all Confidential Information that becomes known to Participant.
Accordingly, and as a material inducement to Anchor Gaming to grant this Option
to Participant and other good and valuable consideration, Participant agrees
that Anchor Gaming will be entitled, as its sole remedy under this Agreement, to
terminate all rights to exercise the Option and to exercise the rights specified
in SECTION 4 if Participant does any of the following without the prior written
consent of the Company:

        (a) while employed by the Company or within one year thereafter:

           (i) directly or indirectly engages in, owns or controls an interest
       in (except as to those investments held at the effective date of this
       agreement or as a passive investor in publicly held companies, i.e.,
       Participant and Participant's spouse or lineal descendants do not own of
       record, or beneficially, an aggregate of more than two percent (2%) of
       any class of outstanding securities) or acts as an officer, director, or
       employee of, or consultant or adviser to, any firm, corporation,
       institution or entity, directly or indirectly in competition with or
       engaged in a business substantially similar to that of the Company in the
       United States or in any foreign country in which the Company during the
       term of the Participant's employment sold, marketed, provided or
       solicited to sell, market or provide products or services, including the
       development, manufacture, sale or marketing of products, services,
       devices, instruments, methods or techniques (or any related services or
       activities) similar to any products, services, devices, instruments,
       methods or techniques that the Company was engaged in the development of,
       manufacturing, selling, or marketing, or had under consideration to do
       the same (whether or not such products, devices, instruments, methods or
       techniques or the technology related thereto were obtained from
       Participant), during the term of the Participant's employment with the
       Company;

           (ii) solicits or performs services in any manner that the Board of
    Directors reasonably and in good faith determines, after request by the
    Participant, is detrimental to the business or financial condition of the
    Company, as an employee, independent contractor, or otherwise, for any
    person or entity (including any affiliates or subsidiaries of that person
    or entity) that is or was a customer or prospect of the Company during
    the six months before Participant's employment with the Company ended if
    Participant solicited business from or performed services for that
    customer or prospect while employed by the Company; or

           (iii) recruits, hires, or assist, directly or indirectly, anyone to
       recruit or hire anyone who was an employee of the Company, within the six
       months before Participant's employment with the Company ended; or

        (b) discloses or uses any Confidential Information, except in connection
    with the good faith performance of Participant's duties as an employee; or
    fails to take reasonable precautions against the unauthorized disclosure or
    use of Confidential Information; fails, upon Anchor Gaming' request, to
    execute and comply with a third party's agreement to protect its
    confidential and proprietary information; solicits or induces the
    unauthorized disclosure or use of Confidential Information; or fails to
    return on Anchor Gaming's request any and all Confidential Information in
    the Participant's care, custody, or control.

                                      5
<PAGE>
        The existence of any claim or cause of action of Participant against the
    Company, whether predicated on this Agreement or otherwise, will not
    constitute a defense of the Company's enforcement of the covenants set forth
    in this SECTION 5. The Participant hereby submits to the jurisdiction of the
    courts of the State of Nevada and federal courts therein for the purposes of
    any actions or proceedings instituted by the Company to obtain such
    injunctive relief. Participant further acknowledges and agrees that the
    obligations contained in SECTION 5 of this Agreement are fair, do not
    unreasonably restrict Participant's further employment and business
    opportunities, and are commensurate with the compensation arrangements set
    out in this Agreement. The covenants contained in SECTION 5 will each be
    construed as an Agreement independent of any other provision of this
    Agreement. Both parties intend to make the covenants of SECTION 5 binding
    only to the extent that it may be lawfully done under existing applicable
    laws.

        If any court of competent jurisdiction finds any provision of this
    SECTION 5 to be unreasonable as to substantive scope, duration or geographic
    scope, then the Participant expressly agrees that, at Anchor's sole
    discretion, and in addition to any other remedies at law or equity that may
    be available to Anchor Gaming: (i) such provision will be considered to be
    amended to provide the broadest scope of protection to the Company that such
    court would find reasonable and enforceable or (ii) Anchor Gaming may
    require that this Agreement be rescinded.

        This SECTION 5 of this Agreement will survive either termination of the
    employment relationship or termination of this Agreement for the full period
    set forth in this SECTION 5.

    6.  COMPLIANCE WITH SECURITIES LAWS.  Participant agrees that neither
Participant nor any successor in interest of Participant will sell or otherwise
transfer the Option or any shares of Purchased Stock in any way that might
result in a violation of any federal or state securities laws or regulations.
Participant acknowledges and agrees that Anchor Gaming may require Participant
or any subsequent holder of the Option or of any shares of Purchased Stock to
provide Anchor Gaming, prior to any sale or other transfer, with such other
representations, commitments, and opinions regarding compliance with applicable
securities laws and regulations as Anchor Gaming may deem necessary or
advisable. Anchor Gaming agrees to use its best efforts to cause a registration
statement covering resales of the Purchased Shares to be filed with the
Securities and Exchange Commission and to be effective, and to list the
Purchased Shares on Nasdaq and any other securities exchange on which the common
stock of Anchor Gaming is listed for trading.

    7.  STOCK CERTIFICATES; RIGHTS AS SHAREHOLDER.  All certificates
representing shares of Purchased Stock will bear such legends as the Board
determines are necessary or appropriate. Whether or not certificates
representing shares of Purchased Stock have been issued or delivered,
Participant will have all the rights of a shareholder of Purchased Stock,
including voting, dividend and distribution rights, with respect to shares of
Purchased Stock owned by Participant. Participant will not have any rights as a
shareholder with respect to any shares of Common Stock subject to the Option
before the date of issuance to Participant of shares upon exercise of the
Option.

    8.  INCOME TAX WITHHOLDING.  Participant will, upon request by the Company,
reimburse the Company for, or the Company may withhold from sums or property
otherwise due or payable to Participant, any amounts the Company is required to
remit to applicable taxing authorities as income tax withholding with respect to
the Option or any Purchased Stock. If shares of Purchased Stock are withheld for
such purpose, they will be withheld at Market Value. If Participant fails to
reimburse the Company for any such amount when requested, the Company has the
right to recover that amount by selling or canceling sufficient shares of any
Purchased Stock held by Participant.

    9.  COMPLIANCE WITH PLANS.  Participant acknowledges receipt of a copy of
the 2000 Plan and the 1995 Plan and further acknowledges that this Agreement is
entered into, and the Option is granted, pursuant to the applicable Plan. If the
provisions of such Plans are inconsistent with the provisions of this Agreement,
the provisions of such Plans supersede the provisions of this Agreement.

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<PAGE>
    10. NOTICES.  Any notice to Anchor Gaming or the Company that is required or
permitted by this Agreement will be addressed to the attention of the Secretary
of Anchor Gaming at its principal office. Any notice to Participant that is
required or permitted by this Agreement will be addressed to Participant at the
most recent address for Participant reflected in the appropriate records of the
Company. Either party may at any time change its address for notification
purposes by giving the other written notice of the new address and the date upon
which it will become effective. Whenever this Agreement requires or permits any
notice from one party to another, the notice must be in writing to be effective
and, if mailed, will be deemed to have been given on the third business day
after the same is enclosed in an envelope, addressed to the party to be notified
at the appropriate address, properly stamped, sealed, and deposited in the
United States mail, and, if mailed to the Company, by certified mail, return
receipt requested.

    11. REMEDIES.  Anchor Gaming is entitled, in addition to any other remedies
it may have at law or in equity, to temporary and permanent injunctive and other
equitable relief to enforce the provisions of this Agreement. Any action to
enforce the provisions of, or relating to, this Agreement may be brought in the
state or federal courts having jurisdiction in the State of Nevada. By signing
this Agreement, Participant consents to the personal jurisdiction of such courts
in any such action.

    12. ASSIGNMENT.  This Agreement will inure to the benefit of and be binding
upon the parties hereto and their respective heirs, personal representatives,
successors, and assigns. However, Participant does not have the power or right
to assign this Agreement without the prior written consent of Anchor Gaming.

    13. ATTORNEYS' FEES.  If any legal proceeding is brought to enforce or
interpret the terms of this Agreement, the prevailing party will be entitled to
reasonable attorneys' fees, costs, and necessary disbursements in addition to
any other relief to which that party may be entitled.

    14. SEVERABILITY.  If any provision of this Agreement is held invalid or
unenforceable for any reason, the validity and enforceability of all other
provisions of this Agreement will not be affected.

    15. HEADINGS.  The section headings used herein are for reference and
convenience only and do not affect the interpretation of this Agreement.

    16. GOVERNING LAW.  THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAW OF THE STATE OF NEVADA, WITHOUT REGARD TO THE CHOICE OF
LAW RULES IN SUCH LAW OR ANY OTHER PRINCIPLE THAT COULD REQUIRE THE APPLICATION
OF THE LAWS OF ANOTHER JURISDICTION.

    17. ENTIRE AGREEMENT.  This Agreement, together with the 1995 Plan and the
2000 Plan, as applicable, and any procedure adopted by the Board or the
Committee under the Plan, constitutes the entire agreement between the parties
with respect to its subject matter and may be waived or modified only in
writing.

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<PAGE>
    IN WITNESS WHEREOF, and intending to be legally bound hereby, Participant
and a duly-authorized representative of Anchor Gaming have executed this
Agreement as of the date first above written.

<TABLE>
<S>                                         <C>     <C>
PARTICIPANT                                 ANCHOR GAMING

                                            By:
-----------------------------------------           -----------------------------------------
Signature

                                            Title:
-----------------------------------------           -----------------------------------------
Printed Name
</TABLE>

                               CONSENT OF SPOUSE

    As the spouse of Participant, I consent to be bound by this Stock Option
Agreement and agree that this consent will be binding on my interest under this
Agreement and on my heirs, legatees, and assigns.

<TABLE>
<S>                                            <C>
                                               --------------------------------------------
                                               Signature

                                               --------------------------------------------
                                               Printed Name
</TABLE>

                                      8
<PAGE>
                        EXECUTIVE STOCK OPTION AGREEMENT

                            ------------------------

<TABLE>
<S>  <C>                         <C>
1.   Exercise Price:             $71.875 per Share.

2.   Number of Options granted:

3.   Expiration Date:            As defined in SECTION 1(d) of this Agreement.

4.   Vesting Schedule:

     Twenty percent (20%) of the Number of Options granted specified in Item 2 above will
     Vest upon closing of the transactions contemplated by the Stock Purchase Agreement dated
     as of September 24, 2000 between Anchor Gaming and the Fulton Parties named therein.
     Thereafter, beginning on March 31, 2001, 5% of the Number of Options granted specified
     in Item 2 above will vest, and 5% will vest on each subsequent June 30, September 30,
     December 31 and March 31, until all Options have vested.
</TABLE>

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