Bally's 2Q Revenue Hits $24.4 Mil

18 February 2008

Bally Technologies reported income of $24.4 million for the fiscal second quarter of 2008, compared with a loss of $2.5 million in the same period last year. The gaming equipment maker also revealed a revenue rise of 53 percent for the period, to $230.7 million while adjusted earnings before interest, taxes, depreciation and amortisation for the quarter were $63.9 million.

The company attributed its second-quarter results to improved margins and cost leverage.

A statement from Bally said selling, general and administrative expenses fell to 26 per cent of total revenue from 33 percent in the same period in fiscal 2007. Bally sold 7,144 new gaming devices in the quarter, compared with 4,672 in the prior-year quarter.