Abstract: A gaming machine which incorporates an improved coin dispensing device for rapidly dispensing coins therefrom during a payout mode of operation. The improved coin dispensing device includes a vertically disposed hopper for storing a supply of coins to be dispensed, the hopper including a bottom exit for the coins. A guide member is supported adjacent the bottom exit of the hopper and includes a lower edge portion which defines a circular opening through which coins may be guided, the circular opening being of a first predetermined diameter. A rotatable feed disc is arranged vertically beneath the guide member for rotation about an axis substantially coinciding with the axis of the circular opening of the guide member. The feed disc includes a central hub element coaxially arranged with the axis of rotation of the feed disc and extending above the upper surface of the feed disc.