Bally Technologies posts increase in quarterly profits
Slot machine maker Bally Technologies on Thursday reported a quarterly net income increase even in a down economy in which sales of new games have continued a two-year-long slump.
Las Vegas-based Bally said its net income was $37.9 million, or 43 cents a share, in its third quarter ended March 31, compared with net income of $35.1 million, or 36 cents per share, a year earlier.
Revenues rose 0.2 percent, to $191 million from $190.6 million.
About one-third of the company’s quarterly revenues came from slot machine sales. Roughly 42 percent of the company’s revenues came from gaming operations, slot machines in which the company shares in the revenues with casinos.