Bally’s results go south

Bally Technologies, Inc. announced yesterday revenue of US$171 million (MOP1.37 billion) for the third quarter of 2010, a decrease of nine percent over the same period of 2009. Overall, the company posted a net income of US$21.2 million, a year-on-year drop of 32 percent. “Delays in certain decisions and the unfavourable timing of some go-lives related to our systems resulted in lower than normal quarterly systems revenues; however, we continue to see strong growth opportunities in systems,” said Richard M. Haddrill, the company’s chief executive officer. “We are well positioned to capitalize on our innovation in new products and our investments in new jurisdictions in 2011.”