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Revenues and Earnings Up at Bally Tech
Friday August 16, 2013 : REVENUE, EARNINGS BOTH UP AT BALLY TECHNOLOGIES
US casino equipment and online gambling provider says fourth quarter has been a record-breaker.
The US casino game equipment and online games technology provider Bally Technologies has claimed a record breaking fourth quarter with EPS up 22 percent to 95 cents as sales climbed 8 percent to $264.4 million.
During the quarter Bally acquired SHFL Entertainment (SHFL) for $1.3 billion, expanding its influence into Canada and S. Africa, and continued to roll out online gambling projects and content.
Highlights of the report, released Thursday included:
* Revenue: $264.4 million (up 7.6 percent from the fourth quarter of 2012)
* Earnings: $64.6 million (up 32.4 percent from the fourth quarter of 2012)
* Earnings per share: 95 cents (up 55.7 percent from the fourth quarter of 2012)...all quarterly records. The fourth quarter was the eighth consecutive quarter of year-over-year earnings-per-share growth.
* Record systems revenue of $252 million, a 19 percent increase over the previous year.
* The wide-area progressive base grew by 38 percent and produced record revenue for the year.
* 8 percent decline in slot machine sales. Executives said game sales were down because fewer casinos opened this year.
* Three new brands set to be launched at the Global Gaming Expo convention in Las Vegas in September.
Bally president and CEO Ramesh Srinivasan said:
“Fiscal 2013 was a truly momentous year in Bally’s history. We made enormous progress in many different ways, including continued growth in wide-area progressive units; record gaming operations revenue; significant success in new markets like Canada, Illinois and South Africa; establishing new revenue records in systems while setting up systems for further growth in the years ahead; and the launch of Bally content in regulated online jurisdictions. These achievements position us well for continued growth in fiscal 2014 and beyond.”
A company spokesman said that Bally is on track to meet 2014 expectations, but warned that Q1 will be weaker than Q2.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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