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Bally Hits Quarterly Revenue Record

Newsdesk by Newsdesk
Fri 31 Oct 2014 at 02:22
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SHFL entertainment helped Bally Technologies achieve a 19% increase in new unit sales for the quarter ended 30th September.

Total revenues were up 29% to a record US$321 million, with SHFL’s utility products and proprietary table games contributing $61 million.

“With SHFL in the mix, we grew our international new-unit sales by 168%, further driving our global presence,” said Chief Executive Richard Haddrill.

The Las Vegas-based slots and systems giant, which bought SHFL for $1.3 billion in 2013 and was itself acquired by Scientific Games earlier this year for $5.1 billion, reported a 22% increase in adjusted earnings per share to $1.17, also a record (75 cents, diluted, for GAAP purposes), on pre-tax earnings that grew 34% to a first-quarter record of $116 million.

Bally still trades independently on the New York Stock Exchange under the symbol BYI.

The company sold 4,744 EGMs during the quarter at an average price per unit of $17.767, a 9% increase year on year. Forty-four percent of those sales occurred outside the US, more than double the share achieved in the same period in 2013.

Revenues from operations, mainly licensed games and wide-area progressive systems, was up $4 million year on year to $106 million.

Systems sales dipped $2 million to $74 million.

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