Bally Tech enjoys revenue growth

February 3, 2012 by Simon Liddle

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Bally Technologies recorded revenue of $210m and $405m for the three months and six months ended December 31, 2011, respectively.

“As we celebrate 80 years of success, I am proud that Bally remains a source of true innovation with exciting growth opportunities,” said Richard Haddrill, the company’s CEO. “Our recent innovations have resulted in four consecutive quarters of year-over-year revenue and earnings-per-share growth. Numerous of our investments of recent years are now producing good results.” 

For the three months to December 31, adjusted EBITDA increased 18 per cent to $67m, compared with $57m in the previous year. For the full six months, this figure stood 10 per cent higher at $126m.

Operating income increased 20 per cent to $43m and $80m, respectively.

Ramesh Srinivasan, the company’s president and COO, said that Bally’s “innovative” products are driving growth across all of its business division.

The recently released Pro Curve, Pro V32 and Alpha 2 had a positive impact upon its North American ship share, he said, adding that it set a new record in gaming operations during the quarter through the growth of games such as Cash Wizard and Vegas Hits.

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