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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	Bally Technologies sees dip in quarterly earnings 31 Oct 2014 By Howard Stutz <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> 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. Copyright GamingWire. All rights reserved.