Bally Technologies Continues to Grow With Online Gambling

Published Monday, February 10, 2014 - Online-Casinos.com
Bally Technologies Continues to Grow With Online Gambling

Raymond T. Moloney founded Bally as a pinball manufacturer in Great Depression-era Chicago. The company started producing slot machines in 1936, making Bally the world’s oldest slot machine manufacturer. Today, Bally Technologies, Inc. is a diversified, worldwide gaming company that designs, manufactures, distributes, and operates gaming devices and computerized monitoring, accounting and player-tracking systems for gaming devices.

 The Company maintains more than 25 offices around the world and employs about 3,500 people. Based in Las Vegas, Bally strives to lead the industry in innovation.

The latest news about the established and progressive firm indicate it has no plans to ride on its reputation with the online gambling solutions outfit saying it is “well-positioned” to continue growth. The firm posted total revenue of $534.5 million in the first half, up from $473.5 million in the same period in the previous year.

President and chief executive officer of Bally Technologies, Ramesh Srinivasan, commented on the company’s second quarter saying it was “transformative”.

Srinivasan continued, “We successfully closed the acquisition of SHFL ahead of schedule and the ongoing integration process is moving forward smoothly,” he added, “We have integrated our sales, services and product development teams while simultaneously continuing to execute well on our core businesses as evidenced in our second quarter results. While more work remains to be done, we are off to a terrific start and are tracking ahead of our synergy targets. We believe that Bally is now well-positioned to continue industry-leading innovation and growth.”

Recently it was announced that an agreement with Boyd Gaming Corporation and Bally Technologies was signed. Paul Chakmak, Executive Vice President and Chief Operating Officer of Boyd Gaming commented,  “After a thorough review process, we believe Bally’s innovative systems solutions are a great way to differentiate our properties from the competition,” Chakmak added, “As a key component of our new Penny Lane initiative, Bally’s dynamic tools will help us create new and compelling gaming experiences, allowing us to provide ‘More Bonuses, More Often’ to our customers.”

 

 

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