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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 Christer S. T. Roman (the "PARTICIPANT"). 

RECITALS 

    WHEREAS,
Anchor Gaming has adopted the Anchor Gaming 1995 Stock Option Plan and the Anchor Gaming 2000 Stock Incentive Plan (collectively 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 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 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 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, 

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(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 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"
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. 

    (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 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. 

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    (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
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 as its sole remedy under this Agreement (and not in limitation
of Anchor Gaming's rights under any other agreement) 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 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 

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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. 

    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 

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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. 

    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 

6

 

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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    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	 	ANCHOR GAMING
	

/s/ CHRISTER S. T. ROMAN   
 Christer S. T. Roman	
 	

By:	
 	

/s/ T.J. MATTHEWS   
 T.J. Matthews,
 President and CEO

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/ EVA ROMAN   
 Signature
	

 	
 	
EVA ROMAN
 Printed Name

8

 
EXECUTIVE STOCK OPTION AGREEMENT 

	1.	 	Exercise Price:	 	$71.875 per Share.
	

2.	
 	

Number of Options granted:	
 	

12,000
	

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.

9

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EXHIBIT 10.29Prepared by MERRILL CORPORATION

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EXHIBIT 10.30    
  

 
 

ANCHOR GAMING
  DIRECTOR STOCK OPTION AGREEMENT    

    THIS
AGREEMENT (this "AGREEMENT"), effective as of September 24, 2000 is made and entered into by and between Anchor Gaming, a Nevada Company (the "COMPANY"), and Glen
Hettinger (the "OPTIONEE"). 

 
 

RECITALS:    

    A.  This
Agreement is entered into in conjunction with and subject to the Anchor Gaming 2000 Stock Incentive Plan (the "2000 PLAN") and the Anchor Gaming 1995 Stock
Option Plan (as amended, the "1995 PLAN"). 

    B.  The
entire Board of Directors has approved the grant of the Option under his Agreement to the Optionee. 

    C.  The
2000 Plan is subject to the approval of the stockholders of the Company and the next annual meeting of Stockholders. 

    D.  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 1995 Plan. 

    NOW,
THEREFORE, in consideration of the premises and mutual covenants and promises set forth in this Agreement, and other good and valuable consideration the receipt and sufficiency
of which are mutually acknowledged, the parties agree as follows: 

    1.  GRANT
OF OPTION. The Company hereby grants to the Optionee, upon the terms and subject to the conditions, limitations, and restrictions set forth in this Agreement,
an option (the "OPTION") to acquire 25,000 shares of Common Stock, par value $.01 per share of the Company (the "COMMON STOCK"), at an exercise price per share of $71.875 (the "EXERCISE PRICE"). The
Optionee hereby confirms his acceptance of the Option from the Company. 

    2.  EXERCISE.

    (a) The
Option will vest in accordance with ATTACHMENT A. Notwithstanding any other provision of the Agreement, in the event of a Change of Control (as defined below),
the Options of the Optionee under this Agreement will become immediately exerciseable and constitute an Exercisable Portion. Such Options will remain fully exercisable for one year from the date of
the Change of Control. As used in this Agreement, "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 Company representing more than 50% of the combined voting power of the Company'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) the Company 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 the Company; (iv) the Company sells, leases, or otherwise transfers all or a majority of all of its
properties, assets, income or revenue generating capacity to another person or entity; (v) a dissolution or liquidation of the Company 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. 

 

    In order to exercise the Option with respect to any Exercisable Portion, the Optionee will provide written notice (the "EXERCISE NOTICE") to the Company at its principal executive
office stating the number of shares in respect of which the Option is being exercised. The Exercise Notice must be signed by the Optionee and must include his complete address and social security
number. If the person exercising the Option is a transferee of the Optionee by will or under the laws of descent and distribution, the Exercise Notice must be accompanied by appropriate proof of the
right of such transferee to exercise this Option. At the time of exercise, the Optionee will pay to the Company the exercise price per share set forth in SECTION 1 times the number of shares as to
which the Option is
being exercised. Subject to the terms of the 1995 Plan and the 2000 Plan, as applicable, the Optionee will make such payment (i) by certified check; (ii) by the delivery of shares of
Common Stock having a Fair Market Value (defined below) on the date immediately preceding the exercise date equal to the aggregate exercise price; or (iii) cancellation of the Option with
respect to a number of shares of Common Stock having an aggregate Fair Market Value on the date immediately preceding the date of exercise that exceeds the aggregate Exercise Price by the amount of
the Exercise Price due with respect to such Exercise Notice. If the Option is exercised in full, the Optionee will surrender this Agreement to the Company at the Company's option for cancellation. If
the Option is exercised in part, the Optionee will surrender this Agreement to the Company, at the Company's option, so that the Company may make appropriate notation on this Agreement or cancel this
Agreement and issue a new agreement representing the unexercised portion of the Option. The Option may not be exercised for less than 100 shares at a time or the remaining shares purchasable under the
Option, if less than 100 shares. "FAIR MARKET VALUE" means (i) the last reported sale price, regular way, of the Common Stock on the Nasdaq National Market or other market or exchange on which
the Common Stock is traded; or (ii) if there is no reported price information for the Common Stock, the Fair Market Value as determined in good faith by the Board of Directors. 

    (b) If
the shares to be purchased are covered by an effective registration statement under the Securities Act of 1933, as amended (the "ACT"), the Option may be
exercised by a broker-dealer acting on behalf of the Optionee if (i) the broker-dealer has received from the Optionee or the Company a fully and duly endorsed agreement evidencing such option,
together with instructions signed by the Optionee requesting the Company to deliver the shares of Common Stock subject to such option to the broker-dealer on behalf of the Optionee and specifying the
account into which such shares should be deposited, (ii) adequate provision has been made with respect to the payment of any withholding taxes due upon such exercise, and (iii) the
broker-dealer and the Optionee have otherwise complied with Section 220.3(e)(4) of Regulation T, 12 CFR Part 220, or any successor provision. 

    (c) The
Option will be exercisable during the lifetime of the Optionee only by the Optionee. To the extent exercisable after the Optionee's death, the Option will be
exercised only by the Optionee's representatives, executors, successors, or beneficiaries. 

    3.  EXPIRATION
OF OPTION. The Option will expire, and will not be exercisable with respect to any Exercisable Portion as to which the Option has not been exercised, on
the first to occur of: (a) the eleventh anniversary of the Award Date; or (b) one year after the effective date of any Change of Control. 

    4.  TAX
WITHHOLDING. Any provision of this Agreement to the contrary notwithstanding, the Company may take such steps as it deems necessary or desirable for the
withholding of any taxes that it is required by law or regulation of any governmental authority, federal, state, or local, domestic or foreign, to withhold in connection with any of the shares of
Common Stock subject to this Agreement, including requiring the Optionee to pay to the Company the amount of such withholding tax before the Company issued any shares pursuant to the exercise of the
Option. 

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    5.  DILUTION. If the number of shares of Common Stock outstanding is changed by reason of a stock dividend, stock split, recapitalization, or combination of shares, the
number of shares of Common Stock then issuable upon exercise of the Option and the exercise price per share will be appropriately adjusted. In the event of any merger, consolidation, reorganization,
recapitalization of the Company or similar transaction pursuant to which holders of the Common Stock receive other securities or property (a "REORGANIZATION TRANSACTION"), then upon any subsequent
exercise of the Option, the Optionee will be entitled to receive, for each share of Common Stock issuable upon exercise of the Option prior to such Reorganization Transaction, the number and kind of
securities and other property received in respect of one share of Common Stock as a result of such Reorganization Transaction. 

    6.  TRANSFER
OF OPTION. The Optionee will not, directly or indirectly, sell, transfer, pledge, encumber, or hypothecate ("TRANSFER") any of the Option or the rights and
privileges pertaining thereto except for the Exercisable Portion. In addition, the Optionee will not, directly or indirectly, transfer any portion of the Option or any shares of Common Stock acquired
upon exercise of the Option other than (a) with the prior written consent of the Company, (b) by will or the laws of descent and distribution, (c) with respect to shares of Common
Stock acquired upon exercise of the Option, pursuant to an effective registration statement filed under the Act, or (d) with respect to shares of Common Stock acquired upon exercise of the
Option, pursuant to an exemption from the registration requirements of the Act. Any permitted transferee to whom the Optionee transfers the Option pursuant to (a) or (b) above will agree
to be bound by this Agreement. Neither the Option nor the underlying shares of Common Stock is liable for or subject to, in whole or in part, the debts, contracts, liabilities or torts of the
Optionee, nor will they be subject to garnishment, attachment, execution, levy, or other legal or equitable process. 

    7.  CERTAIN
LEGAL RESTRICTIONS. The Company will not be obligated to sell or issue any shares of Common Stock upon the exercise of the Option or otherwise unless the
issuance and delivery of such shares complies with all relevant provisions of law and other legal requirements including, without limitation, any applicable federal or state securities laws and the
requirements of any stock exchange upon which shares of the Common Stock may then be listed. As a condition to the exercise of the Option or the sale by the Company of any additional shares of Common
Stock to the Optionee, the Company may require the Optionee to make such representations and warranties as may be necessary to assure the availability of an exemption from the registration
requirements of applicable gaming regulations or federal or state securities laws. The Company will not be liable for refusing to sell or issue any shares if the Company cannot obtain authority from
the appropriate regulatory bodies deemed by the Company to be necessary to lawfully sell or issue such shares. The Company agrees to use its best efforts to cause a registration statement covering
resales of the Common Stock issued on exercise of the Option to be filed with the Securities and Exchange Commission and to be effective, and to list such shares on the Nasdaq National Market or other
exchange on which the Common Stock is then traded. The shares of Common Stock issued upon the exercise of the Option may not be transferred except in accordance with applicable federal or state
securities laws. At the Company's option, the certificate evidencing shares of Common Stock issued to the Optionee will bear appropriate legends restricting transfer under gaming and other applicable
law. 

    Any
Common Stock issued pursuant to the exercise of Options granted pursuant to this Agreement during the Optionee's service as an director or executive officer of the Company under
Rule 16b-3 will not be transferred until at least six months have elapsed from the date of grant of such Option to the date of a disposition of the Common Stock underlying such
Option. 

    8.  MISCELLANEOUS.

    (a) The
granting of the Option will impose no obligation upon the Optionee to exercise the Option or any part thereof. 

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    (b) Neither the Optionee nor any person claiming under or through the Optionee will be or will have any of the rights or privileges of a stockholder of the Company in
respect of any of the shares issuable upon the exercise of the Option unless and until certificates representing such shares have been issued and delivered to the Optionee or such Optionee's agent. 

    (c) Any
notice to be given to the Company under the terms of this Agreement or any deliver of the Option to the Company will be addressed to the Company at its
principal executive offices, and any notice to be given to the Optionee will be addressed to the Optionee at the address set forth beneath his signature on this Agreement, or at such other address for
a party as such party may hereafter designate in writing to the other. Any such notice will be deemed to have been duly given if mailed, postage prepaid, addressed as aforesaid. Subject to the
limitations in this Agreement on the transferability by the Optionee of the Option and any shares of Common Stock, this Agreement will be binding upon and inure to the benefit of the representatives,
executors, successors or beneficiaries of the parties hereto. 

    (d) THE
INTERPRETATION, PERFORMANCE AND ENFORCEMENT OF THIS AGREEMENT SHALL BE GOVERNED BY THE LAW: OF THE STATE OF NEVADA AND THE UNITED STATES, AS APPLICABLE, WITHOUT
REFERENCE TO THE CONFLICT OF LAWS PROVISIONS THEREOF. 

    (e) If
court of competent jurisdiction (in a final determination) or the Board of Directors, by a majority vote of disinterested directors that are Continuing Directors
(as defined below) after receipt of a written opinion of independent counsel selected by the Optionee and the Company, determines that any provision of this Agreement (i) is illegal,
unenforceable, or void, in whole or in part or (ii) would result in liability for monetary damages for the Company or any of its directors, then the parties will be relieved of all obligations
arising under such provision, but only to the extent that it is illegal, unenforceable, or void or would result in such damages, and this Agreement shall be deemed amended
by modifying such provision to the extent necessary to make it legal and enforceable and to eliminate such liability while preserving its intent or, if that is not possible, by substituting therefor
another provision that is legal and enforceable and achieves the same objectives. For the purposes of this Agreement, the term "Continuing Directors" has the meaning given to it Rights Agreement dated
as of October 17, 1997 between the Company and The Chase Manhattan Bank, as the Rights Agent, as then in effect. 

    (f)  All
section titles and captions in this Agreement are for convenience only, will not be deemed part of this Agreement, and in no way will define, limit, extend, or
describe the scope or intent of any provisions of this Agreement. 

    (g) The
parties will execute all documents, provide all information, and take or refrain from taking all actions as may be necessary or appropriate to achieve the
purposes of this Agreement 

    (h) This
Agreement constitutes the entire agreement between the parties to this Agreement pertaining to the subject matter of this Agreement and supersedes all prior
agreements and understandings pertaining to such subject matter. 

    (i)  No
failure by any party to insist upon the strict performance of any covenant, duty, agreement, or condition of this Agreement or to exercise any right or remedy
consequent upon a breach thereof will constitute waiver of any such breach or any other covenant, duty, agreement, or condition. 

    (j)  This
Agreement may be executed in counterparts, all of which together will constitute one agreement binding on all the parties to this Agreement, notwithstanding
that all such parties are not signatories to the original or the same counterpart. 

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    (k) No supplement, modification, or amendment of this Agreement or waiver of any provision of this Agreement will be binding unless executed in writing by all parties
to this Agreement. No waiver of any of the provisions of this Agreement will be deemed or will constitute a waiver of any other provision of this Agreement (regardless of whether similar), nor will
any such waiver constitute a continuing waiver unless otherwise expressly provided. 

    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. 

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. 

	 	 	COMPANY:
	

 	
 	

ANCHOR GAMING
	

 	
 	

By:	

/s/ T.J. Matthews
 T.J. Matthews

CHIEF EXECUTIVE OFFICER
	

 	
 	

 	

 
	 	 	OPTINEE:
	

 	
 	

 	

 
	 	 	/s/ Glen Hettinger
 Glen Hettinger

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STOCK OPTION AGREEMENT
  
    VESTING    

    Twenty
percent (20%) of the number of Options granted under this Agreement will vest upon the closing of the transactions contemplated by the Stock Purchase Agreement dated
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 under this Agreement will
vest, and 5% will vest on each subsequent June 30, September 30, December 31 and March 31 until all Options have vested. 

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QuickLinks

EXHIBIT 10.30

ANCHOR GAMING DIRECTOR STOCK OPTION AGREEMENT

RECITALS

STOCK OPTION AGREEMENT VESTING

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