Bally First-Quarter Revenue Up

10 November 2008

Total revenue for Bally Technologies first-quarter was up from $189 million to $237 million for the three months ended September 30, 2008.

Gaming equipment and systems revenue increased from $123 million to $159 million as did gaming operations, which was up $13 million from last year. Casino operations slightly grew from $10 million to $11 million.

Adjusted earnings before interest, taxes, depreciation and amortization was up from $58.8 million to $72.6 million.

“The continued momentum in all of our technology businesses drove first-quarter earnings,” said Richard M. Haddrill, Bally's chief executive, in a prepared statement. “Despite challenging economic and capital market conditions, we continue to grow our businesses through innovation and execution, which are driving market-share gains.”

“Our balance sheet and liquidity position are very strong,” added Robert C. Caller, Bally’s chief financial officer, in the statement.