“The highlight of Bally’s fiscal 2011 was the positioning we accomplished for the future,” said Richard M. Haddrill, the Company’s Chief Executive Officer.  “We grew gaming operations revenue by 11 percent and established a strong base of innovative games going forward.  We also successfully commercialized two major new product lines, our ALPHA 2™ gaming platform, and the iVIEW DM™ floor-wide network.  Further, we invested in key new customers and markets, such as Australia and Italy, which should provide good revenue and earnings growth in the current and future years.”

“During fiscal 2011 we intensified our focus on creating long-term value for our shareholders by repurchasing nearly $475 million worth of our common stock, of which $398 million was via a modified ‘Dutch auction’ tender we completed in May 2011,” added Neil Davidson, the Company’s Chief Financial Officer.   “In addition, we successfully closed on our new $700 million credit facility during the quarter to increase our financial flexibility and lower the rate on our borrowing costs.”

The full report detailing Bally Technologies results for the three months ended June 30th, 2011, can be viewed at the company's official press site.

Source: Bally Technologies