Progressive Gaming Redeems Notes - Wednesday 14th of December 2005

LAS VEGAS Progressive Gaming International Corporation (the "Company") (NASDAQ: PGIC) announced today that it has redeemed $20 million of principal amount of its outstanding 11.875% Senior Secured Notes due 2008 (the "Notes"). The redemption price was 105.938% of the principal amount of Notes, plus accrued and unpaid interest to the redemption date. The remaining aggregate outstanding principal amount of the Notes is $45 million. The Company expects to retire this remaining amount of high yield debt with the proceeds from new credit facilities and/or the pending strategic investment by International Game Technology (NYSE:IGT).

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