EXHIBIT 10.27

Anchor Gaming  Anchor Gaming 1995 Stock Option Plan

STOCK OPTION AGREEMENT

THIS AGREEMENT, dated as of January 3, 2000, is by and between Anchor Gaming ("Anchor Gaming"), a Nevada
corporation, and the person named on the signature page to this Agreement (the "Participant").

RECITALS

WHEREAS Anchor Gaming has adopted the Anchor Gaming 1995 Stock Option Plan (the "Plan") to enable 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 Plan.

WHEREAS
The Board of Directors (the "Board") has selected Participant to participate in the 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 Plan and the number and kind of shares (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 Plan as the Board of
Directors or the Committee determines are equitable to preserve the respective rights of the Participants under the Plan.

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:

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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.

|PARTICIPANT:
Geoffrey A. Sage |  | ANCHOR GAMING
|----------------------------- |  | -------------
|/s/GEOFFREY A. SAGE           |  | By:          
|Signature                     |  |              

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.

| |  | /s/BRENDA M. SAGE
| |  | -----------------
| |  | Signature        
| |  | Brenda M. Sage   
| |  | Printed Name     

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ATTACHMENT A        TO        STOCK OPTION AGREEMENT        FOR        Geoffrey A. Sage

|1. |  | Purchase Price:   |  | $50.00 per Share.                                                         
|-- |  | ----------------- |  | --------------------------------------------------------------------------
|2. |  | Expiration Date:  |  | December 31, 2005, unless earlier terminated under terms of the Agreement.
|3. |  | Vesting Schedule: |  |                                                                           
|
|   |  | June 30, 2000     |  | 5,000                                                                     
|   |  | December 31,2000  |  | 5,000                                                                     
|   |  | December 31, 2003 |  | 10,000                                                                    
|   |  | December 31, 2004 |  | 10,000                                                                    
|   |  | Total             |  | 30,000                                                                    
|   |  |                   |  |                                                                           

Notwithstanding
any other provision of the Agreement or of thisAttachment A, in the event of a Change of Control, if that the
Participant is terminated other than in a Termination for Substantial Misconduct, significantly demoted, or required to relocate to a place of work more than 60 miles from his or her prior place of
work either in contemplation of a Change of Control or within one year following a Change of Control, the Options of the Participant under the Agreement will become immediately Vested and
exerciseable. Such Options will remain fully Vested and exercisable for one year from the date of the termination, demotion, or requirement to relocate.

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LOGO

|MEMORANDUM TO: |  | Stan Fulton and Mike Rumbolz                                                                                                                                            
|-------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|FROM:          |  | Geoff Sage /s/GEOFF SAGE                                                                                                                                                
|DATE:          |  | January 3, 2000                                                                                                                                                         
|SUBJECT:       |  | Summary of our recent discussions regarding my compensation structure                                                                                                   
|              
|Base pay:      |  | Increase to $150,000 effective 1/1/00                                                                                                                                   
|               |  | Increase to $200,000 effective 1/1/01                                                                                                                                   
|Bonus:         |  | $100,000 minimum each December                                                                                                                                          
|Stock options: |  | 30,000 new options @ $50.00 grant price to vest as follows: 5,000 shares on 06/30/00, 5,000 shares on 12/31/00, 10,000 shares on 12/31/03, and 10,000 shares on 12/31/04

The
Anchor Gaming Compensation committee (Glen Hettinger. Chairman, Mike Fulton and Mike Rumbolz, members) discussed and agreed to the above.

Please
sign below to evidence our mutual understanding of the above.

| |  | /s/MIKE RUMBOLZMike Rumbolz |  | 12/31/99date
| |  | --------------------------- |  | ------------

Anchor Gaming815 Pilot Road Suite GLas Vegas, Nevada 89119(702) 896-7568Fax
(702) 896-6992

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