Having celebrated its Diamond Anniversary (75 years young) at The Palms casino hotel in Las Vegas last week, Bally Technologies Inc today announced the filing of its quarterly reports for the 3-month periods to 30 September 2006 and 31 December 2006. The company reported operating income of US$14.3 million for the fiscal 2007 period compared with an operating loss of US$11.3 million in the fiscal 2006 period.

The oldest surviving gaming company first saw the light of day on 10 January 1932 in the dark days of the Great Depression. Bally Manufacturing Company was founded by Raymond T Moloney in Chicago and produced a penny pinball machine the ‘Ballyhoo’. In 1936 Bally brought out the first of a long line of innovative slot machines – ‘Bally Baby’ – just 5” x 7.5” and weighing only 8lbs. A far cry from those machines is the first 7-reel machine, introduced at the 75th Anniversary celebration. ReelVision will offer payouts on every spin of the wheel.

Richard Haddrill, CEO of Bally Technologies , recently commented, “Our company made the decision several years ago to focus our energy and investments on being a leader in supplying technology to the gaming industry. The recent name change to Bally Technologies, Inc. is a reflection of the progress we have made toward that goal and an extension of our long-term strategic plan.” This followed a period of diversification that had caused the company to lose focus until it was acquired in 1996 by Alliance Gaming Corp, which changed its name to Bally last year.

Haddrill said of the two filings, "Our financial results for the six months ended Dec. 31, 2006 began to show the fruits of our efforts in consolidating the Company's various businesses and re-tooling the product lines. All of our principle product lines showed increases, with revenues from Gaming Equipment and from Systems increasing 49 percent and 50 percent, respectively. As we continue to execute our strategy, we expect that our operating results in the second half of fiscal 2007 and fiscal 2008 will show additional improvement over our results for the first half of the fiscal year." (E-06.21.07)

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