Bally Technologies reports record revenue

By David Cook
Provider Bally Technologies has posted a record $321m in first quarter revenue, a 29% year-on-year increase for the three months ending 30 September.

Bally sold 4,744 gaming machine units within the three months, a 19% improvement on last year, although net income was down 24%.

The Las Vegas-based company’s costs have gone up 34% year-on-year to $258.4m, while adjusted EBITDA also increased 34% to $116m.

Bally CEO Richard Haddrill said: “We achieved record first quarter revenue and excellent overall operational results in the quarter, driven primarily by strong electronic gaming machines and gaming operations revenue.

“We grew our international new-unit sales by 168 percent, further driving our global presence.

“Finally, during the quarter, we announced Ontario Lottery and Gaming Corporation (OLGC) selected Bally as its central gaming management system provider, further strengthening the long-term prospects for our systems business.”

Bally acquired supplier SHFL Entertainment in November 2013 in a deal worth $1.9bn, while the firm is itself set to be sold to provider Scientific Games for $5.1bn by the end of this year.

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