$ £

Bally Income Down 25% in First Quarter 2015

Chicago based betting firm Bally Technologies has released its first quarter 2015 financial results, noting a 23% decline in net income.

Net income for the period amounted to $28.8 million, which is down from $37.8 million during the same period last year. These dismal numbers come alongside record revenues for the period, which amounted to $320.8 million (up 29% from the same period last year). Gaming revenues for the period amounted to $106 million.

The drop in income is being attributed to a company wide rise in operational costs as well as a 34% increase in the cost of sales. The numbers aren't likely to be that attractive to Scientific Games, who is set to purchase Bally Technologies, although that deal may be in jeopardy due to the firm's inability to secure financing through creditors to purchase the US gambling firm.

Related: Scientific Games Bally Acquisition May Be in Jeopardy

Share this