Bally reports revenue of us$ 238 million for the 2Q fiscal 2013

He continued: “We are excited about our scheduled product launches over the next few months, including new wide-area progressive (WAP) games featuring Hot Shot Progressive and NASCAR, as well as the recently released Pawn Stars premium daily-fee game.  The Elite Bonusing Suite is gaining further traction with additional customer purchases in the second quarter.”

“Finally, traditional domestic replacement sales were up year-over-year for the seventh consecutive quarter, based on continued acceptance of our growing library of game content and our increasing presence in video lottery.  I am happy with Bally’s trajectory and the steadily increasing visibility we have into our near- and long-term future growth,” he concluded.

“Operating margins increased to 24 percent, reflecting our ability to leverage infrastructure and continue to realize efficiencies in our supply chain,” said Neil Davidson, the company’s Chief Financial Officer.  “Further, we continued to build revenues that are recurring in nature as we set records in both WAP and systems maintenance revenues. We are thoughtfully allocating capital to invest in our growth and to enhance shareholder value.  This quarter represents the 21st quarter in a row that we have repurchased stock.  During the second quarter, we purchased 530,000 shares of common stock for us$ 24 million at us$ 45.43 per share.”

As of today, the company has approximately us$ 126 million available under its Board-authorized share repurchase plan. Additionally, the company’s leverage ratio remains below 2.0 times, which leaves the firm’s share repurchases unrestricted under the terms of its credit agreement.