Bally Technologies Report Continued Year-to-Year Growth
Bally TechnologiesThe last six months of 2013 have brought increased revenues for gaming company Bally Technologies.
With online and mobile casinos taking over the gambling industry, IT companies are flourishing. Gaming solutions provider Bally Technologies has recently reported a significant increase in year-on-year revenues for the six month period ending December 31, 2013.
Profits went up from $473.5 million to $534.5 million, with nearly $200 million being brought in by the gaming division. The electronic gaming machines department earned the firm $159.4 million and the company’s gaming systems division closed the business year with $161.6 million in revenue. Table products came in last, with a modest $14.3 million.
”Well-positioned” for further growth
In recent casino gambling news, Bally president and CEO Ramesh Srinivasan stated that these last few months were “transformative” for the company. “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 result,” he explained.
In November 2013, Bally Technologies posted a record quarterly revenue of $249 million. “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,” Ramesh Srinivasan added.
