EXHIBIT 99.1

                                [PDS GAMING LOGO]

                                   PDS GAMING
                                   CORPORATION


      SHAREHOLDERS APPROVE CORPORATE NAME CHANGE TO PDS GAMING CORPORATION



                   NEW NAME REFLECTS COMPANY'S DIVERSIFICATION
                             WITHIN GAMING INDUSTRY

LAS VEGAS, Nevada (May 14, 2001) - PDS Financial Corporation (Nasdaq: "PDSF"), a
diversified gaming company that finances, leases, sells, manufactures and
refurbishes gaming equipment for the casino industry and operates gaming
facilities, today announced a change in corporate name to PDS Gaming Corporation
following shareholder approval of such name change at the Company's Annual
Meeting on May 11, 2001. The Company's common stock will begin to trade on The
Nasdaq Stock Market under the symbol "PDSG", tomorrow morning.

"Our Company has significantly expanded its operations beyond its traditional
role as a provider of innovative finance and leasing services for the gaming
industry," commented Johan Finley, Chairman and Chief Executive Officer of PDS
Gaming Corporation. "In addition to our finance and lease activities, today we
recondition and market used gaming machines; develop, manufacture and market
digital table games; and operate gaming


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facilities. The Company began doing business as PDS Gaming last year, and our
shareholders voted to officially change the corporate name to PDS Gaming
Corporation at the Annual Meeting on Friday. We believe the new name will
enhance investor appreciation for our diversified growth strategy, which seeks
to develop recurring revenue streams in various segments of the gaming
industry."

PDS Gaming Corporation provides customized finance and leasing solutions, used
gaming devices and digital table game products to the casino industry in the
United States. The Company also operates a casino in Reno, Nevada and plans to
acquire additional gaming facilities. PDS Gaming Corporation is headquartered in
Las Vegas, Nevada, and its common stock currently trades on The Nasdaq Stock
Market under the symbol "PDSF". As of May 15, 2001, the ticker symbol will be
"PDSG".

THIS PRESS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE "FORWARD-LOOKING"
STATEMENTS, USUALLY CONTAINING THE WORDS "BELIEVE," "ESTIMATE," "PROJECT,"
"EXPECT" OR SIMILAR EXPRESSIONS. THESE STATEMENTS ARE MADE PURSUANT TO THE SAFE
HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
FORWARD-LOOKING STATEMENTS INHERENTLY INVOLVE RISKS AND UNCERTAINTIES THAT COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FORWARD-LOOKING STATEMENTS.
FACTORS THAT WOULD CAUSE OR CONTRIBUTE TO SUCH DIFFERENCES INCLUDE, BUT ARE NOT
LIMITED TO, CHANGES IN REGULATION OF THE GAMING INDUSTRY, CONTINUED ACCEPTANCE
OF THE COMPANY'S PRODUCTS AND SERVICES IN THE MARKETPLACE, COMPETITIVE FACTORS,
DEPENDENCE UPON FIRST-PARTY VENDORS, CHANGES IN INTEREST RATES, AND OTHER RISKS
DETAILED IN THE COMPANY'S PERIODIC REPORT FILINGS WITH THE SECURITIES AND
EXCHANGE COMMISSION. BY MAKING THESE FORWARD-LOOKING STATEMENTS, THE COMPANY
UNDERTAKES NO OBLIGATION TO UPDATE THESE STATEMENTS FOR REVISIONS OR CHANGES
AFTER THE DATE OF THIS RELEASE.

                   For additional information, please contact:

Martha Vlcek, Chief Financial Officer of PDS Financial Corporation d/b/a PDS
Gaming at (702) 736-0700

                                       Or

RJ Falkner & Company, Investor Relations Counsel at (800) 377-9893 or via e-mail
at info@rjfalkner.com.

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