21.09.2010 Category: Casino Software

Slot machine maker Bally Technologies announced this Thursday that its net profit increased by 54 percent recently because of the sale of its casino in Mississippi.

Three-month income of Las Vegas-based Bally at end-June period amounted to $ 51 million, or 89 cents per share. Last year the gaming equipment provider said that its net income was $ 33.2 million, or 58 cents per share.

Sale of the Rainbow Casino in Vicksburg, Miss. to Isle of Capri Casinos has brought to the company 38 cents per share. Without the sale of Rainbow Bally Technologies would received 55 cents per share that a penny less than the results of a vote of analysts by Thomson Reuters.

During the quarter revenue of Bally fell from $ 195.9 million in the same quarter of last year to $ 195.2 million in this year.

Bally Chief Executive Officer Richard Haddrill said that in spite of the deplorable condition of the market, Bally has been committed over the past two years to heavily investing in research and development to strongly position the company for the future. Now the company has a large collection of premium participation games. Bally sold fewer slot machines in this quarter.

Bally announced that there will be a change in a leadership and Chief Financial Officer Robert Caller will be replaced by Neil Davidson, who now holds the post of company's chief accounting officer.

Davidson has been with Bally since 2006.