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Casinos & Gaming

Bally Technologies boosts quarterly profits

By Howard StutzLAS VEGAS REVIEW-JOURNAL
October 26, 2011 - 12:32 pm
 

Slot machine maker Bally Technologies grew profits in the first quarter, due partly to the sale of slot machines and a casino management system to the casino at New York City’s Aqueduct Race Track, which is scheduled to open Friday.

Bally said Wednesday its net income was $37.4 million, or 45 cents per share, for the quarter that ended Sept. 30, up from net income of $34 million, or 40 cents per share, a year earlier.

Revenues increased 14.2 percent to $195 million from $170.8 million.

Bally Technologies shares fell 1 cent, or 0.03 percent, Wednesday to close at $33.28 on the New York Stock Exchange.

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