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Record Revenues for Bally Technologies

Thursday August 28,2014 :  RECORD ANNUAL REVENUES FOR BALLY TECH
 
US land and online gambling supplier revenues up 22 percent.
 
Bally Technologies, Inc., a major US gambling equipment and content supplier, has posted its fiscal FY 2014 results, highlighting record revenues up 22 percent to $1.2 billion, pushed by increases of 30 percent in systems revenue and a stand-out performance from wide area progressive network revenues.
 
The company reported that its quarter ended June 30 produced outstanding results as well, with total revenue up 29 percent to a quarterly record of $342 million vs.$264 million last year, and adjusted EBITDA up 39 percent to a quarterly record $122 million as compared with $88 million last year.
 
Selling, general and administrative expenses in the quarter remained constant at 27 percent of total revenues and included $11 million of restructuring and acquisition-related costs. After adjusting for these costs, SG&A was 24 percent of total revenues in the current period, down from 27 percent last year.
 
Research and development expenses (“R&D”) remained constant at 11 percent of total revenue.
 
Operating income decreased 8 percent to $60 million as compared with $65 million last year. Adjusted Operating Income increased by 43 percent to a record $92 million. Adjusted operating margin increased to 27 percent from 24 percent last year.
 
For the full year revenue from electronic gaming machines represented 32 percent of the total revenue, gaming operations 33 percent, systems 27 percent and table products 8 percent.
 
Bally CEO Richard Haddrill said, "Strong demand for our newest cabinet, the Pro Wave, helped grow domestic new unit sales by 18 percent over the previous quarter. We continued to deliver new and exciting titles such as Titanic that drove our WAP revenue to record levels. Our Systems technology continues to present a compelling value proposition to our customers as evidenced by another year of record revenue.”
 
International new unit sales received a 25 percent boost from Bally's acquisition of SHFL Entertainment, and Hadrill noted that recent social casino acquisition Dragonplay is already strengthening Bally's presence in the fast-growing social and mobile gaming platform sector.



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Alegriabet Finally Launches - Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports

International Table Tennis Federation in deal with Sportradar. - The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.

NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

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NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

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