Net Income Down At Bally Technologies

23 percent decline reported in fiscal Q1-2015 numbers

Bally Technologies, the US gambling supply and content company that is about to be acquired by Scientific Games, reported a 23 percent decline in net income to $28.8 million in its fiscal Q1-2015 reportage this week (Q1-2014: $37.8 million).

The decline came despite record revenues of $320.8 in the quarter ended September 30, a 29 percent improvement over the same period a year earlier, with gaming revenues contributing $106 million.

The company attributed the dip in net income to increased cost of sales, which rose 34 percent, and rising costs across all operations.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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