Leading slot machine developer Bally Technologies has posted record-setting earnings for the past three months.
In excellent news for the entire gaming industry Bally Technologies revenue increased an amazing thirteen percent in the second quarter to $238 million, up from the $210 million they posted last fiscal year.
It wasn’t the only record broken by the company with quarterly net earnings reaching $81 million, which is a twenty-one percent increase over the same quarter last year.
Bally Technologies President and Chief Executive Officer Ramesh Srinivasan said the company was delighted with the results.
“Our pipeline of new, premium titles continues to be very strong,” Srinivasan said.
“We expect fiscal 2013 to be our best year ever.”
The company is crediting their brand new slot machine Betty Boop Fortune Teller with the improved figures as well as the continued success and popularity they have had with their Michael Jackson and Grease themed games.
Revenue may increase even further in the next quarter with profits from the recently released Pawn Stars game and future launches of Tiki Magic and NASCAR games set to carry the company until the end of the financial year.
Sales of gaming equipment are also reported to have increased with United States-based casinos ordering more replacement units as well as more video lottery terminals being shipped to Canada.
In another boost for the company they have signed a deal with gaming and betting solutions firm OpenBet that will see a number of their land-based casino content integrated to the OpenBet Casino platform.
Bally Technologies’ Vice President of business development John Connelly said the deal represented an excellent opportunity for the company to globalize their business.
“We have been very successful at creating exciting and compelling products for our land-based customers, and many of them would like to replicate their hugely successful land-based offering in the online environment,” Connelly said.
“Utilizing OpenBet’s platform, we are now able to extend the reach of our products and make them available to a truly global online audience.”