Despite difficulty expressed by other gaming machine manufacturers, Bally Technologies Inc. (BYI) reported major increases in both revenues and income, including record numbers in gaming operations.
Revenues for the second fiscal quarter rose to $210 million, a 15 percent increase over last year’s $183 million. Net income was $24.2 million or $0.54 per share compared to $27.3 million or $0.49 per share. The difference in share profit resulted from the company’s share buyback program.
GamingToday’s Micah Roberts went right back to the Oracle for a new Preakness pick and Jay Rood came up with his selection once he knew Union Rags was not headed to Pimlico.
An Internet gambling bill being considered by New Jersey lawmakers could allow Atlantic City’s casinos to take bets from people in other states or countries, although key details remain to be worked out.
The nation’s commercial casinos continued their slow-but-steady comeback from the recession last year, with revenues up 3 percent nationwide and jobs holding nearly steady, according to a report released Wednesday.
Revel, the $2.4 billion casino resort widely seen as Atlantic City’s best hope of survival, trailed most of its competition in its first month of operation, placing 8th out of the city’s 12 casinos.
New signs are up to direct visitors, the sidewalks have been power-washed, crosswalks have been freshly painted and 1,600 people have been hired to inaugurate the Horseshoe Casino Cleveland on Monday.
