US-based slots manufacturer Bally Technologies saw profits increase in the three months to September 30, as the company began to reap the rewards of its investments made in previous years.

Bally

Total revenue increased 14 per cent to $195m during the quarter, up from the $171m a year earlier. Adjusted EBITDA, meanwhile, increased year-on-year from $58m to $59m and operating income increased 10 per cent to $37m.

“Our investments of recent years are beginning to pay off with good revenue growth across all three divisions and strong customer interest in a variety of our new games and systems products,” said Richard Haddrill, the company’s chief executive officer. “We have many exciting initiatives to be accomplished this year and are diligently focused on exceeding customer expectations. We continue to focus on and invest in growth opportunities in a number of domestic and international jurisdictions.”