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Bally Technologies Releases Fourth Quarter Fiscal Results

US based gambling giant Bally Technologies has released its fourth quarter financial numbers, noting that revenues and earnings were up for the period.

Key financial indicators for the period ending June 30th were:

  • Revenue: $264.4 million (up 7.6% from the fourth quarter of 2012)

  • Earnings: $64.6 million (up 32.4% from the fourth quarter of 2012)

  • Earnings per share: 95 cents (up 55.7% from the fourth quarter of 2012)...all quarterly records. The fourth quarter was the eighth consecutive quarter of year-over-year earnings-per-share growth.

  • Record systems revenue of $252 million, a 19% increase over the previous year.

  • The wide-area progressive base grew by 38% and produced record revenue for the year.

  • 8% decline in slot machine sales. Executives said game sales were down because fewer casinos opened this year.

  • Three new brands set to be launched at the Global Gaming Expo convention in Las Vegas in September.

Commenting on his company's performance, Bally CEO Ramesh Srinivasan said, “Fiscal 2013 was a truly momentous year in Bally’s history. We made enormous progress in many different ways, including continued growth in wide-area progressive units; record gaming operations revenue; significant success in new markets like Canada, Illinois and South Africa; establishing new revenue records in systems while setting up systems for further growth in the years ahead; and the launch of Bally content in regulated online jurisdictions. These achievements position us well for continued growth in fiscal 2014 and beyond.”