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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