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Bally Technologies sees dip in quarterly earnings

31 Oct 2014

By Howard Stutz
LAS VEGAS -- Slot machine manufacturer Bally Technologies, Inc. saw first-quarter earnings dip slightly while revenue increased 29 percent.

The Las Vegas-based company said its net income for the quarter than ended Sept. 30 was $62.4 million, compared with $57 million in the same quarter a year ago. However, earnings per share slipped to 75 cents per share, down from 97 cents per share last year.

Overall revenue for Bally was $320.8 million.

Bally is being sold to Scientific Games Corporation for $5.1 billion. The transaction is expected to close by the end of the year. The company did not hold a conference call to discuss earnings.

“We achieved record first quarter revenue and excellent overall operational results in the quarter,” Bally CEO Richard Haddrill said in a statement.

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