Bally reports record revenue of us$ 880 million

“Our fourth quarter and fiscal 2012 results validate our leadership position in gaming technology innovation,” said Richard M. Haddrill, the company’s CEO. “This innovation leadership and visibility into further growth opportunities for all of our businesses for fiscal 2013 and beyond is tremendously encouraging.”

“During our fourth quarter we established a number of company records for revenues and profitability, prudently accrued us$ 10 million for several legal matters, and purchased another us$ 73 million of our common stock, bringing the total during fiscal 2012 to 3.9 million shares for us$ 155 million at us$ 40.06 per share,” said Neil Davidson, the firm’s CFO.  “Since June 30, 2012, we purchased an additional us$ 33 million worth of stock.”

As of today, the company has approximately us$ 58 million available under its Board-authorized share repurchase plan. Additionally, the company’s leverage ratio remains comfortably below 2.0 times, which leaves the Company’s share repurchases unrestricted under the terms of its credit agreement. This quarter represented the 19th consecutive quarter the Company has repurchased shares.

“We increased the Cash Connection wide-area progressive (“WAP”) installed base by almost 500 units in the fourth quarter including additional installations of GREASE and the recently launched Michael Jackson King of Pop to much-deserved excitement from the marketplace,” said Ramesh Srinivasan, the company’s President and COO. “Total new gaming devices sold was the strongest it has been in 13 quarters, and in late July we went live with our first VLTs in Italy. We are particularly excited about this October’s Global Gaming Expo, where we will showcase new branded WAP titles, additional content for the Elite Bonusing Suite, and several new titles for sale and rental on the ALPHA 2 platform.”