The firm posted total revenue of $534.5 million (€392.1 million) in the first half, up from $473.5 million in the same period in the previous year.
Gaming operations was responsible for $199.2 million of overall revenue, while electronic gaming machines and systems contributed $159.4 million and $161.6 million respectively. Just $14.3 million of total revenue came courtesy of table products.
Adjusted earnings before interest, tax, depreciation and amortisation was also up on the previous year, increasing from $159.9 million in the six months ended December 31, 2012 to $188.9 million in the same period in 2013.
Bally’s first half figures were boosted by a positive performance during the second quarter in the three months ended December 31, 2013.
The firm recorded total revenue of $285.2 million, up from the $238.3 million posted in the same period last year.
Adjusted EBITDA also increased from $81.1 million in the second quarter of 2012 to $102.2 million in the most recent quarter.
Ramesh Srinivasan, president and chief executive officer of Bally Technologies, said that the company’s second quarter was “transformative”.
“We successfully closed the acquisition of SHFL ahead of schedule and the ongoing integration process is moving forward smoothly,” he said.
“We have integrated our sales, services and product development teams while simultaneously continuing to execute well on our core businesses as evidenced in our second quarter results.
“While more work remains to be done, we are off to a terrific start and are tracking ahead of our synergy targets. We believe that Bally is now well-positioned to continue industry-leading innovation and growth.”
source : www.igamingbusiness.com
