Document:

<PAGE>

                                                                   Exhibit 10.40

                                     NOTE

$15,000,000                                                     October 17, 2000
                                                               Las Vegas, Nevada

     FOR VALUE RECEIVED, the undersigned promises to pay to the order of
LEHMAN COMMERCIAL PAPER INC. (the "Lender"), the principal amount of FIFTEEN
MILLION AND NO/100 DOLLARS ($15,000,000) or such lesser aggregate amount of
Advances as may be made by the Lender as part of the Loans pursuant to the
Loan Agreement referred to below, together with interest on the principal
amount of each Advance made hereunder as part of the Loans and remaining
unpaid from time to time from the date of each such Advance until the date of
payment in full, payable as hereinafter set forth.

     Reference is made to the Loan Agreement dated as of June 29, 1999, by
and among the undersigned, as Borrower, the Lenders therein named, the
Documentation Agents therein named, and Bank of America National Trust and
Savings Association, as Administrative Agent for the benefit of the Lenders
(as such agreement may from time to time be amended, extended, renewed,
supplemented or otherwise modified, the "Loan Agreement"). Terms defined in
the Loan Agreement and not otherwise defined herein are used herein with the
meanings defined for those terms in the Loan Agreement. This is one of the
Notes referred to in the Loan Agreement, and any holder hereof is entitled to
all of the rights, remedies, benefits and privileges provided for in the Loan
Agreement as originally executed or as it may from time to time be
supplemented, modified or amended. The Loan Agreement, among other things,
contains provisions for acceleration of the maturity hereof upon the
happening of certain stated events upon the terms and conditions therein
specified.

     The principal indebtedness evidenced by this Note shall be payable as
provided in the Loan Agreement and in any event on the Maturity Date, and
without set off, counterclaim or reduction of any kind.

     Interest shall be payable on the outstanding daily unpaid principal
amount of Advances from the date of each such Advance until payment in full
and shall accrue and be payable at the rates and on the dates set forth in
the Loan Agreement both before and after default and before and after
maturity and judgment, with interest on overdue principal and interest to
bear interest at the rate set forth in Section 3.9 of the Loan Agreement, to
the fullest extent permitted by applicable Law.

     Each payment hereunder shall be made to the Administrative Agent at the
Administrative Agent's Office for the account of the Lender in immediately
available funds not later than 11:00 a.m., California local time, on the day
of payment (which must be a Business Day). All payments received after
11:00 a.m., California local time, on any particular Business Day shall be
deemed received on the next succeeding Business Day. All payments shall be
made in lawful money of the United States of America.

                                      -1-

<PAGE>

     The Lender shall use its best efforts to keep a record of Advances made
by it as part of Loans and payments received by it with respect to this Note,
and such record shall, subject to Section 10.6(g) of the Loan Agreement, be
presumptive evidence of the amounts owing under this Note.

     The undersigned hereby promises to pay all costs and expenses of any
rightful holder hereof incurred in collecting the undersigned's obligations
hereunder or in enforcing or attempting to enforce any of such holder's
rights hereunder, including reasonable attorneys' fees and disbursements,
whether or not an action is filed in connection therewith.

     The undersigned hereby waives presentment, demand for payment, dishonor,
notice of dishonor, protest, notice of protest and any other notice or
formality, to the fullest extent permitted by applicable Laws.

     This Note shall be delivered to and accepted by the Lender in the State
of Nevada, and shall be governed by, and construed and enforced in accordance
with, the local Laws thereof.

                                       ANCHOR GAMING,
                                       a Nevada corporation

                                       By: _____________________________

                                       Title: __________________________

                                      -2-

<PAGE>

                      SCHEDULE OF COMMITTED ADVANCES AND
                             PAYMENTS OF PRINCIPAL

<TABLE>
<CAPTION>

                                  Amount of     Unpaid
Date      Amount      Interest    Principal    Principal    Notation
        of Advance     Period       Paid        Balance     Made by
<S>     <C>           <C>         <C>          <C>          <C>

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

____________________________________________________________________

</TABLE>

                                      -3-<PAGE>

                                                                  Exhibit 10.41

                        JOINDER AND ASSUMPTION AGREEMENT

                  THIS JOINDER AND ASSUMPTION AGREEMENT (this "Agreement"),
dated as of October 17, 2000 is among Anchor Gaming (the "Borrower"), Bankers
Trust Company (the "Increasing Lender"), Lehman Commercial Paper Inc. (the
"Joining Lender"), and Bank of America, N.A., as the Administrative Agent,
pursuant to the Loan Agreement dated as of June 29, 1999 among the Borrower,
the Lenders referred to therein and Administrative Agent (as amended from
time to time, the "Loan Agreement"). Capitalized terms used but not defined
in this Agreement shall have the meanings defined for those terms in the Loan
Agreement.

                                    RECITALS

         A.       Pursuant to the Loan Agreement, the Lenders have heretofore
provided a $300,000,000 senior credit facility to the Borrower.

         B.       The Borrower has requested that the aggregate amount of the
Commitment be increased from to $300,000,000 to $325,000,000.

         C.       Concurrently herewith, the Loan Agreement is being amended
pursuant to an Amendment No. 2 thereto (the "Amendment"), and it is intended
that the transactions contemplated herein shall become effective concurrently
with the effectiveness of the Amendment.

         D.       The Increasing Lender has agreed to assume an increased Pro
Rata Share under the Loan Agreement and the Joining Lender has agreed to become
a party to the Loan Agreement, and to thereby increase the Commitment to the
amount requested by the Borrower.

              NOW THEREFORE, the parties hereto agrees as follows:

                                    AGREEMENT

         1.       EFFECTIVE DATE. Concurrently with the effectiveness of the
Amendment, the assumptions and increase in the Commitment described herein shall
be effective (such date being referred to herein as the "Effective Date"). The
Administrative Agent shall provide prompt notice of the Effective Date to the
parties hereto.

         2.       JOINDER BY JOINING LENDER. By signing this Agreement, the
Joining Lender will become a Lender with a Pro Rata Share in the amount set
forth in a Confirmation heretofore delivered to the Joining Lender by the Sole
Lead Arranger and Book Manager in the form attached as Annex I hereto (a
"Confirmation"). The Joining Lender agrees that pursuant to this Agreement it
will become a Lender under the Loan Agreement on the Effective Date and

                                      -1-
<PAGE>

will be bound by all terms, conditions, obligations and duties applicable to a
Lender and will have all the rights of a Lender under the Loan Agreement and
other Loan Documents.

         3.       ASSUMPTION BY INCREASING LENDER. By signing this Agreement,
the Increasing Lender agrees that, as of the Effective Date, its Pro Rata Share
shall be increased to the amount set forth in a Confirmation heretofore
delivered to the Increasing Lender.

         4.       NO MODIFICATIONS OF LOAN AGREEMENT. Nothing contained in this
Agreement shall be construed to amend or modify the terms of the Loan Documents
other than to effectuate the joinder and assumptions contemplated herein.

         5.       REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE JOINING
LENDER. Joining Lender hereby represents, warrants and covenants as follows:

                  (a)      Joining Lender is an Eligible Assignee.

                  (b)      Joining Lender has agreed to become a party to the
         Loan Agreement solely in reliance upon its own independent
         investigation of the financial and other circumstances surrounding the
         Borrower and all aspects of the transactions evidenced by or referenced
         in the Loan Documents, or has otherwise satisfied itself thereto, and
         that it is not relying upon any representation, warranty or statement
         (except any such representation, warranty or statement expressly set
         forth in this Agreement) of the Administrative Agent in connection with
         the assumption made hereby. Joining Lender further acknowledges that it
         will, independently and based upon it's review of such documents and
         information as its deems appropriate at the time, continue to make its
         own credit decisions in connection with the assumption made hereby.

                  (c)      Joining Lender has experience and expertise in the
         making of loans of the type made under the Loan Agreement and with
         respect to the other types of loans which may be extended under the
         Loan Agreement; that it has agreed to acquire its Commitment for its
         own account and not with any present intention of distributing all or
         any portion of such interest; and that it has received, reviewed and
         approved copies of all Loan Documents.

                  (d)      Joining Lender has duly authorized, executed and
         delivered this Agreement, that it is legally entitled to enter into the
         transactions contemplated herein.

                  (e)      Neither the Administrative Agent nor any other Lender
         shall be responsible to Joining Lender for the execution,
         effectiveness, accuracy, completeness, legal effect, genuineness,
         validity, enforceability, collectibility or sufficiency of any of the
         Loan Documents (other than its own due execution of the Loan Documents)
         or for any representations, warranties, recitals or statements made
         therein or in any written or oral statement or in any financial or
         other statements, instruments, reports, certificates or any other
         documents made or furnished or made available by the Administrative
         Agent to Joining Lender (other than written representations,
         warranties, recitals or

                                      -2-

<PAGE>

         statements made by such party therein) or by or on behalf of the
         Borrower to the Administrative Agent and the Lenders or the Joining
         Lender in connection with the Loan Documents and the transactions
         contemplated thereby or for the financial condition or business affairs
         of the Borrower or any other Person liable for the payment of any
         Advance or payment of amounts owed in connection with other extensions
         of credit under the Loan Agreement or any other matter. The
         Administrative Agent shall not be required to ascertain or inquire as
         to the performance or observance of any of the terms, conditions,
         provisions, covenants or agreements contained in any of the Loan
         Documents or as to the use of the proceeds of the Advances or other
         extensions of credit under the Loan Agreement or as to the existence
         or possible existence of any Default or Event of Default.

         6.       FEES. In consideration for the joinder and assumptions
described herein, the Borrower shall pay to the Joining Lender and the
Increasing Lender the fees described in its Confirmation.

         7.       CONDITION PRECEDENT. The effectiveness of this Agreement
shall be subject to the effectiveness of the Amendment, substantially in the
form heretofore distributed.

         8.       BENEFICIARIES OF THIS AGREEMENT. Each of the Joining Lender
and the Increasing Lender hereby severally acknowledges and agrees that the
Agreement set forth herein is for the expressed benefit of the parties to
this Agreement and the other Lenders and their respective successors and
permitted assigns.

         9.       GOVERNING LAW. This Agreement and the transactions
contemplated hereunder shall be governed by and construed and enforced in
accordance with the laws of the State of Nevada.

                            [signature page follows]

                                      -3-
<PAGE>

         IN WITNESS WHEREOF, each of the undersigned has executed this
Agreement as of the date first above written.

                                       "Joining Lender"

                                        LEHMAN COMMERCIAL PAPER INC.

                                        By:
                                           -------------------------------
                                        Name:
                                             -----------------------------
                                        Title:
                                              ----------------------------

                                        "Increasing Lender"

                                        BANKERS TRUST COMPANY

                                        By:
                                           -------------------------------
                                        Name:
                                             -----------------------------
                                        Title:
                                              ----------------------------

ACKNOWLEDGED AND AGREED TO:

BANK OF AMERICA, N.A.,
as Administrative Agent

By:
   --------------------------------
    Janice Hammond, Vice President

ANCHOR GAMING,
a Nevada corporation

By:
   ---------------------------------
Name:
     -------------------------------
Title:
      ------------------------------

                                      -4-

<PAGE>

                                 ANNEX I

                            _______________, 2000

[Name of Joining Lender or Increasing Lender]

Dear Ladies and Gentlemen:

         By this letter, we confirm that your total allocated commitment to
the proposed $325,000,000 loan facilities for Anchor Gaming (the "Borrower")
is $_____________________.

         Concurrently with the effectiveness of the proposed Amendment No.2 to
Loan Agreement (now anticipated to be October 17, 2000) you will be paid an
Upfront Fee of $______________ by the Borrower.

                                        BANC OF AMERICA SECURITIES, LLC

                                        By:
                                           -----------------------------------
                                        Title:
                                              --------------------------------

                                      -5-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}]]