Bally's Second Quarter Revenues Up Slightly

4 February 2009

Bally Technologies Inc.’s second-quarter revenue was up year-over-year by 1.1 percent for the three months ending in December 31, 2008.

The gaming supplier posted a second-quarter revenue of $233.3 million on Tuesday, though about $10 million off from what analysts had expected. A revenue surge was seen in its “gaming operations” division, which increased year over year by 22 percent, while revenue brought in “gaming equipment and systems” division as well as “casino operations” division slightly declined.

“We are very pleased to report the most profitable quarter in Bally's history despite the challenging economy,” said Richard M. Haddrill, the company's chief executive, in a prepared statement.

Bally saw a 37 percent spike in net income -- reported at $34 million for the second quarter -- and adjusted earnings before interest, taxes, depreciation and amortization increased by 23 percent, jumping from $64 million to $78 million.