Bally Technologies Inc., a gaming supply company that is responsible for supplying gaming technology to several large Las Vegas casinos, has reported record sales following the release of a couple of very popular slot machines. The newest slot machines,which were able to break the record sales, included designs from the movie Grease, as well as Michael Jackson.
The company also stated that their revenue, for the fiscal year,which ended on June 30, showed a 15% increase over the previous year’s totals. They were able to put together a total profit of more than $26.5 million, which equated to $.61 per share for their shareholders. The previous year, in the fourth quarter, they had been able to put a $25.5 million, or a total of $.51 profit per share.
The designs that they have released have been quite popular, which has helped to drive the sales all over the Nevada area. Both the Michael Jackson, as well as the Grease designs did well, with the Jackson design selling a bit more. Both machines helped the company to boost sales of recent slot machines.
The shares of Bally Technologies Inc., were also boosted by the opening of a number of new casinos around the world, several of which purchase many of their machines from Bally Technologies.
They were able to sell more than 5000 units in total, generating a total of $96.8 million in profit during their fourth quarter, both from previously sold machines as well as new machine sales. This was a jump of more than 1500 units in total from the previous year, as well as $24 million in profit. The company is also exploring avenues to get into online gaming, and provide technologies for online gambling companies, as the likelihood of online gaming being opened to the public once againappears to be more real.