Bally Technologies, Inc. Expands Corporate Campuses in Las Vegas and Reno to Accommodate Growth

Thu Jul 9, 2009 4:03pm EDT
 
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LAS VEGAS--(Business Wire)--
Bally Technologies, Inc. (NYSE: BYI), a leader in slots, video machines, and
casino-management systems for the global gaming industry, announced that it has
leased approximately 77,000 square feet of additional office space in Las Vegas
and Reno, Nev., creating new corporate campuses to accommodate Company growth. 

"The acquisition of these two leased facilities demonstrates the strength of our
business despite these challenging times," said Chief Executive Officer Richard
M. Haddrill. "These leases will allow us to achieve greater teamwork and work
efficiencies for our engineering teams, and accommodate further growth." 

According to Bally`s Chief Operating Officer Gavin Isaacs, the Company has added
36,000 square feet of space in Las Vegas, relocating 175 game development,
advanced development, and project management employees to the former Carter
Burgess building at 6655 Bermuda Road. 

"The property is leased over a long-term basis which, including options, spans
more than 20 years. Along with a smaller building across Bermuda Road housing
about 100 employees, we truly have created a Las Vegas campus environment in a
great location in the Hughes Airport Industry Center five minutes from the
airport," Isaacs said. "Recent upgrades to the landscape and main lobby are
being followed by remodels of our showrooms and customer conference center
during the early part of fiscal 2010." 

In Reno, a new 41,000 square-foot facility at 900 Sandhill Road adjacent to
Bally`s existing facility at 950 Sandhill Road will provide Bally's 340
Reno-based employees - which consist primarily of Research & Development,
customer service, product management, and various technical support and
administrative personnel - with more workspace in a campus-style environment
similar to the Company`s corporate campus in Las Vegas. Construction is
scheduled to be completed in September 2009 on the building, which Bally also
leased under a long-term agreement. 

Isaacs said that the new Reno campus brings Bally`s employees who focus on Games
and Systems together in a collaborative environment to more efficiently
capitalize on the increasing convergence of Games and Systems in the gaming
industry. 

"We have had a presence in Reno for more than 20 years, and have had very
positive experiences with the community and the Reno employee base," Isaacs
added. "It`s also important to provide all our employees with a quality work
environment of which they can be proud." 

About Bally Technologies, Inc.

With a history dating back to 1932, Las Vegas-based Bally Technologies designs,
manufactures, operates and distributes advanced gaming devices, systems and
technology solutions worldwide. Bally`s product line includes reel-spinning slot
machines, video slots, wide-area progressives, and Class II, lottery and central
determination games and platforms. As the world`s No. 1 gaming systems company,
Bally also offers an array of casino management, slot accounting, bonusing,
cashless and table management solutions. The Company also owns and operates
Rainbow Casino in Vicksburg, Miss. For more information, please contact Laura
Olson-Reyes, Director of Corporate Communications, at 702-584-7742, or visit
http://www.ballytech.com. 

This news release may contain "forward-looking" statements within the meaning of
the Securities Act of 1933, as amended, and is subject to the safe harbor
created thereby. Such information involves important risks and uncertainties
that could significantly affect the results in the future and, accordingly, such
results may differ from those expressed in any forward-looking statements.Future
operating results may be adversely affected as a result of a number of risks
that are detailed from time to time in the Company`s filings with the Securities
and Exchange Commission. The Company undertakes no obligation to update the
information in this press release and represents that the information is only
valid as of today`s date.

- BALLY TECHNOLOGIES, INC. - 





Bally Technologies, Inc.
Laura Olson-Reyes, 702-584-7742
Director of Corporate Communications
Lolson-reyes@ballytech.com
Michael Carlotti, 702-584-7995
Vice President of Investor Relations and Capital Markets
mcarlotti@ballytech.com

Copyright Business Wire 2009

 

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