Bally Technologies, Inc is an American manufacturer of slot machines and other gambling technology based in Enterprise, Nevada.
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16 Facts About Bally Technologies
2.
Bally Technologies changed its name to Gaming and Technology Inc in March 1983 to better reflect its focus.
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3.
Bally Technologies changed its name again in 1988, to United Gaming Inc, acknowledging United Coin as its principal asset.
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4.
Bally Technologies announced plans in September to wind down some of its smaller operations, closing the Trolley Stop in December 1995, ending the Mizpah Hotel lease in April 1996, and selling the taverns it had acquired in the course of slot route operations.
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5.
Bally Technologies reached out to Alliance the next month through Rainwater, who discussed possibilities including a three-way merger with Autotote, a maker of lottery and pari-mutuel wagering technology.
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6.
In June 1995, with Bally Technologies already considering a buyout offer from WMS Industries, Alliance made an unsolicited offer of $210 million in cash, stock, and assumed debt.
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7.
Bally Technologies called Alliance's offer "illusory and highly conditional" on financing, and said that WMS stock would give shareholders more long-term value than Alliance stock, and that a combination of Alliance and Bally Technologies would be so undercapitalized as to raise licensing concerns among gaming regulators.
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8.
The next day, Bally Technologies's board capitulated, canceling the deal with WMS and approving a merger with Alliance on terms similar to those of the tender offer, with a total value of $215 million.
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9.
In 1999, Bally Technologies launched Thrillions, a wide-area progressive jackpot system, as part of a strategy to focus on games to be installed on a revenue-participation bonus instead of being sold outright to casinos.
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10.
Bally Technologies took the publicly traded company from the brink of NASDAQ delisting in 2000 to record revenues and profits just two years later.
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11.
In 2006, Alliance changed its name to Bally Technologies, Inc, discontinuing the use of Bally Gaming and Systems as a subsidiary, to present a unified identity.
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12.
In 2007, Bally Technologies celebrated the 75th anniversary of the Bally Technologies trademark with a series of special customer events in Atlantic City, Las Vegas, and Chicago.
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13.
In 2008, Bally Technologies acquired CoolSign, a multi-media management tool, from Planar.
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14.
In 2010, Bally Technologies sold the Rainbow Casino to Isle of Capri Casinos for $80 million.
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15.
On November 25,2013, Bally Technologies acquired SHFL entertainment, a global gaming supplier operating in five primary categories: Utility products, proprietary table games, electronic table systems, electronic gaming machines and iGaming.
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16.
In 2014, Bally Technologies won four awards in the 'Slot Floor Technology Awards' as well as earning two spots in the annual 'Top 20 Most Innovative Gaming Technology Products' awards.
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