BYI Bally Technologies, Inc. featured news, full reports, and detailed charts
Bally Technologies, Inc. (BYI) Wrap Up:
Bally Technologies, Inc., a gaming company, designs, manufactures, distributes, and operates gaming devices, as well as computerized monitoring, accounting, and player-tracking systems for the gaming industry in the United States and internationally. The company operates through two segments, Bally Gaming Equipment and Systems, and Casino Operations. The Bally Gaming Equipment and Systems segment designs, manufactures, assembles, sells, maintains, and operates various gaming devices and related equipment, and parts and conversion kits. It also operates linked progressive systems, video lottery, and centrally determined systems; involves in the rental of gaming devices and content; sells computerized monitoring systems and related hardware and software products; and designs, programs, licenses, and supports various casino enterprise systems, as well as markets system product solutions, including Bally CMS, a casino management system; Bally SMS, a slot management system; and Bally TMS, a table management system. This segment primarily serves land-based, riverboat, and Native American casinos; and video lottery and central determination markets. The Casino Operations segment owns and operates the Rainbow Casino, a dockside riverboat casino in Vicksburg, Mississippi. Bally Technologies, Inc. was founded in 1968 and is headquartered in Las Vegas, Nevada.Bally Technologies, Inc. (BYI:NYSE)
Snapshot of Bally Technologies, Inc. (BYI)
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OPEN
$42.08
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PREVIOUS CLOSE
$42.41
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DAY HIGH
$42.74
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DAY LOW
$41.84
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52 WEEK HIGH
10/26/09 - $45.32
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52 WEEK LOW
11/21/08 - $12.21
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MARKET CAP
2.3B
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AVERAGE VOLUME 3 mo
901.4K
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DILUTED EPS TTM
$2.23
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SHARES OUTSTANDING
54.9M
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BYI Does Not Pay Dividends
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P/E TTM
19.1x
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Key developments for Bally Technologies, Inc. (BYI)
Bally Technologies Inc. announced that Greektown Casino-Hotel in Detroit, Mich. has installed Bally Business Intelligence (BI) for data analytics and visual analysis of gaming-floor performance, player and game interaction, and player behavior. Bally's BI tools enable Greektown to monitor their slot operations, maximize their marketing programs, and rapidly respond to guests' needs based on a clear, quick, and timely understanding of underlying data. Additionally, the Bally BI data dashboard and heat-map slot-floor overview clearly present mission-critical data which dynamically updates throughout the day so the casino can quickly make more informed and data-driven business decisions.
Bally Gaming Equipment and Systems reported unaudited earnings results for the first quarter ended September 30, 2009. For the quarter, the company reported operating income of $52.0 million on total revenues of $187.3 million compared to operating income of $59.1 million on total revenues of $227.4 million for the same period previous year.
Bally Technologies Inc. reported unaudited consolidated earnings results for the first quarter ended September 30, 2009. The company reported that diluted EPS increased to a first quarter record of $0.53 as compared with $0.52 last year. Net income attributable to Bally Technologies Inc. increased to a first quarter record $31 million as compared with $30 million last year. Total revenues decreased to $196 million as compared with $237 million last year. Operating income decreased to $51 million as compared with $53 million last year. Operating margin increased to a record 26% as compared with 23% last year. Adjusted EBITDA increased to a first-quarter record $73 million from $72.58 million for the year ago period. Income before income taxes for the period was $48.40 million compared to $46.97 million for the same period previous year. Cash flows from operating activities for the period was $39.92 million compared to $25.17 million for the same period previous year. Capital Expenditures for the period were $3.54 million compared to $3.96 million for the same period previous year. The company raised its fiscal 2010 guidance for diluted EPS to $2.30 to $2.55 from an earlier range of $2.25 to $2.50. The company also expects that it's fiscal 2010 Systems revenues will range from $220 million to $230 million. While this guidance is still based upon less than optimal visibility into the fiscal year due to the current weak global economy and sluggish North American gaming machine replacement market, it is offset by the company's new product introductions and an expected improvement in customer spending beginning in calendar 2010. The company has provided this updated range of earnings guidance and initial Systems revenue guidance for fiscal 2010 to give investors general information on the overall direction of its business at this time. As a result of normal seasonal trends and the expectation of an improvement in customer spending in calendar year 2010 the company continues to expect that its Diluted EPS in the second half of fiscal 2010 will exceed the first half.
BYI Competitors
| Company | Last | Change |
| ARISTOCRAT LEIS MCQA MAY07 1300CWNT | A$4.21 AUD | -0.05 |
| Inspired Gaming Group | 6.80 GBX | +1.30 |
| Scientific Games Corp | $14.64 USD | -0.37 |
| WMS Industries Inc | $40.77 USD | -0.49 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | BYI | Industry Range |
| Price/Earnings | 19.1x |
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| Price/Sales | 2.7x |
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| Price/Book | 4.9x |
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| Price/Cash Flow | 15.6x |
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| TEV/Sales | 2.4x |
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BYI |
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BYI transactions
| Type Date |
Target |
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Bankruptcy
June 23, 2009 |
UTGR, Inc. |
More Recent News About Bally Technologies, Inc.
More news for BYI
BALLY TECHNOLOGIES, INC. Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue196,485 205,154 207,583 233,294 Cost of Revenue73,328 75,531 78,193 89,540 Gross Profit123,157 129,623 129,390 143,754 Operating ExpensesResearch Development19,471 18,784 19,291 19,331 Selling General and Administrative46,947 54,292 53,126 59,516 Non Recurring - - - - Others5,824 5,878 5,832 5,458 Total Operating Expenses - - - - Operating Income or Loss50,915 50,669 51,141 59,449 Income from Continuing OperationsTotal Other Income/Expenses Net773 3,360 (112)(717)Earnings Before Interest And Taxes51,688 54,029 51,029 58,732 Interest Expense3,286 3,678 4,181 6,188 Income Before Tax48,402 50,351 46,848 52,544 Income Tax Expense17,045 16,442 16,232 18,670 Minority Interest(733)(719)(1,365)(310)Net Income From Continuing Ops30,624 33,190 29,251 33,564 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - ...Click here to read the whole Article (external link)
Bally Technologies Announces Expansive Agreement with SJM Macau to Provide Array of Systems, Bonusing, and Table-Management Technology
LAS VEGAS--(BUSINESS WIRE)--Bally Technologies, Inc. (NYSE: BYI - News), a leader in slots, video machines, and casino-management systems for the global gaming industry, today announced an agreement with Sociedade de Jogos de Macau S.A. (SJM), Macau’s largest multi-casino operator, to provide a broad range of casino management, table management, and bonusing products. The agreement follows Bally’s successful systems implementation at SJM’s new L’Arc Macau Casino Resort, which opened in late September. Under the terms of the new three-year master purchase and license agreement, Bally will provide comprehensive technology solutions to SJM’s new Oceanus casino, which is slated to open in December 2009, as well as SJM’s slot lounges at the Yat Yuen Canidrome and the Macau Jockey Club, which will implement the Bally solutions by May 30, 2010.In addition to these four properties, the new agreement provides SJM with the option to expand Bally’s technology solutions at any time to any of its 16 other properties throughout the Macau Peninsula and Taipa Island.“We are honored to have been selected after a very aggressive evaluation process to be SJM’s technology partner of choice for these three properties,†said Bally’s Chief Executive Officer Richard Haddrill. “SJM joins our other valued customers and partners in Asia-Pacific, where ...Click here to read the whole Article (external link)
Bally Technologies to Host Playboy® Playmate of the Year 2009 Ida Ljungqvist at Global Gaming Expo (G2E) November 17-18 at the Las Vegas Convention Center
WHAT:   Bally Technologies invites the media and G2E attendees to its G2E exhibit #1220 for autographs with 2009 Playboy Playmate of the Year Ida Ljungqvist, who will help promote the continued success of Bally’s worldwide hit Playboy video slots.  At G2E, Bally is showcasing its global favorite Playboy Platinum™ game on the standout ALPHA Elite V32 cabinet, and also unveiling for the first time at G2E its new Playboy – Girls of Canada™ game.   WHERE: Bally Technologies’ Exhibit #1220 Global Gaming Expo (G2E) 2009 Las Vegas Convention Center 3150 Paradise Road Las Vegas, Nevada 89109  WHEN: 11 a.m.-1:30 p.m. and 3:30-5 p.m. Tuesday, November 17 ...Click here to read the whole Article (external link)
Greektown Casino-Hotel in Detroit and The Fine Point Group Implement Bally Business Intelligence Solutions
LAS VEGAS--(BUSINESS WIRE)--Bally Technologies, Inc. (NYSE:BYI - News), a leader in slots, video machines, and casino-management systems for the global gaming industry, today announced that Greektown Casino-Hotel in Detroit, Mich., a $350 million casino property managed by The Fine Point Group, has installed Bally Business Intelligence (BI) for data analytics and visual analysis of gaming-floor performance, player and game interaction, and player behavior. Bally’s award-winning BI, which replaced a competitor’s product, enables Greektown to achieve, more than ever before, a comprehensive and detailed understanding of their patrons, as well as their 2,500 slot and 72 table-game casino floor.“Our goal was to obtain a state-of-the art business-intelligence solution that would easily integrate with our existing database,†said Chris Colwell, General Manager of Greektown Casino-Hotel and Senior Vice President of The Fine Point Group, a Las Vegas-based consulting firm hired to lead Greektown out of bankruptcy. “We were impressed with the depth, breadth, and functional ease of Bally’s reporting, data analytics, visualization, and campaign-management tools.â€Bally’s BI tools enable Greektown to monitor their slot operations, maximize their marketing programs, and rapidly respond to guests’ needs based on a clear, quick, and timely understanding of underly...Click here to read the whole Article (external link)
Coverage initiated on Bally Technologies by Deutsche Securities
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