With revenues increasing by 20 percent, Bally Technologies Inc. (BYI) reported net income of $29.9 million or $0.67 per share, up from last year’s $23.7 million or $0.43 per share for its third fiscal quarter.
Revenues during the period reached $228.6 million compared to $191 million last year.
An elated CEO, Richard Haddrill noted that “the past several months have been momentous.”
Not only was business expanding, but the company said it had invested $54 million to buy back its own stock and had another $57 million available for further purchases.
CFO Neil Davidson explained, “We continue to thoughtfully allocate capital to invest in our growth as well to enhance shareholder value. This quarter represents the 18th quarter in a row that we have repurchased stock.”
As for full-year guidance, the company said it had raised expectations for this year to $2.45 from the previous $2.37 per share.
Cantor Gaming announced today it has released future odds on NFL season wins. The company is offering advanced wagering on weeks 1 through 16 of the NFL season, in addition to wagering on NFL season win totals, Division odds and Super Bowl odds.
Terrible’s Hotel & Casino began its transition to a new identity by uninstalling its iconic Terrible’s Cowboy neon sign on Monday. The property will become the Silver Sevens Hotel & Casino in July.
Vegas Sports Books | The LVH Super Book threw out all kinds of cool NFL stuff on Sunday that will give bettors something to chew on for a while. They posted their games of the year along with their season win totals.
The Miami Herald building, although still standing, no longer houses the newspaper operation. As of last week, the Miami Herald building is now owned by Malaysia-based Genting Group, the company that paid $236 million for the right to tear it down.
After paying an $11 million advance to a struggling Atlantic City casino it intended to buy, the parent company of the world’s largest online poker website was left with nothing for its troubles Friday when a judge ruled the casino had the right to scrap the deal.
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