Oct 31, 2014 Newsdesk Industry Talk, Latest News, Top of the deck  
Casino equipment maker Bally Technologies Inc on Thursday reported net income of US$28.8 million, or US$0.75 per diluted share, for the three months to September 30, down from US$37.8 million, or US$0.97 per diluted share, a year earlier.
That was a 23.7 percent year-on-year drop, even as the company posted record revenue for the quarter. Bally Technologies announced revenue of US$321 million for the July-September period, up 29 percent from prior year. “Gaming operations revenue set an all-time quarterly record of US$106 million,” the gaming manufacturer said. That was up from US$102 million a year earlier.
The Las Vegas-based company said it sold 4,744 gaming machine units in the three months to September 30, up by 19 percent from a year earlier.
Adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) increased by 34 percent to US$116 million as compared with US$87 million last year.
Costs for the quarter however jumped 34.3 percent year-on-year to US$258.4 million, Bally Technologies said. The firm said its operating income for the quarter was US$62.4 million, compared with US$57 million in the same quarter a year ago.
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, driven primarily by strong electronic gaming machines and gaming operations revenue,” chief executive Richard Haddrill said in a statement accompanying the results. “With SHFL in the mix, we grew our international new-unit sales by 168 percent, further driving our global presence,” he added.
Bally Technologies acquired Nevada-based SHFL entertainment Inc in a US$1.3 billion transaction concluded in November last year. The former is now being sold to Scientific Games Corp for US$5.1 billion, including the refinancing of nearly US$1.8 billion of existing Bally Technologies net debt.
The transaction is expected to close by the end of the year, Scientific Games said on a conference call with analysts on Thursday.
May 19, 2023
May 18, 2023
Jun 02, 2023
Jun 02, 2023
Jun 02, 2023
Genting Singapore Ltd says Lam Yi Young has resigned from his role as deputy chief executive of Resorts World at Sentosa Pte Ltd. The latter firm is an indirect wholly owned subsidiary of Genting...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
US$8.1 billion
Macau’s casino gross gaming revenue in the five months to May 31