Key Developments: Bally Technologies Inc (BYI)

BYI on New York Consolidated

77.73USD
17 Oct 2014
Price Change (% chg)

$-1.20 (-1.52%)
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$78.93
Open
$79.27
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$79.28
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$77.63
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$84.66
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Latest Key Developments (Source: Significant Developments)

Ontario Lottery and Gaming Corporation selects Bally Technologies Inc as central gaming management system provider
Wednesday, 3 Sep 2014 04:00pm EDT 

Bally Technologies Inc:Says agreement with Ontario Lottery and Gaming Corporation (OLG) to provide central casino gaming system solution throughout province.In conjunction with OLG's modernization, OLG will be implementing Bally's system technology to align and comply with Conduct and Manage responsibilities under Canada's Criminal Code, and implement enhanced responsible gambling tools to the casino gaming facilities and operations across Ontario.  Full Article

Scientific Games Corp to acquire Bally Technologies in transaction valued at $5.1 bln
Friday, 1 Aug 2014 07:21am EDT 

Scientific Games Corp:Enters into definitive merger agreement whereby Scientific Games has agreed to acquire all of the outstanding Bally Technologies Inc common stock for $83.30 in cash per share, which represents a 38 pct premium to Bally's closing stock price on July 31, 2014.Aggregate transaction value is about $5.1 bln, including the refinancing of about $1.8 bln of existing Bally net debt.Transaction was unanimously approved by the boards of directors of the two companies.  Full Article

Bally Technologies Inc completes acquisition of social casino company Dragonplay Ltd
Thursday, 3 Jul 2014 04:00pm EDT 

Bally Technologies Inc:Says that on July 1, 2014 it completes acquisition of Dragonplay Ltd. (Dragonplay).  Full Article

Bally Technologies Inc to acquire Dragonplay Ltd
Thursday, 5 Jun 2014 09:01am EDT 

Bally Technologies Inc:Enters into definitive agreement to acquire Dragonplay Ltd. (Dragonplay).with top-grossing applications for Android, as well as presence on Facebook and Apple iOS.Total consideration includes about $51 mln in upfront cash, plus the amount of net working capital.Says payable to Dragonplay's shareholders in exchange for all of the issued and outstanding equity, and about $49 mln in additional earn-out consideration and employee retention payments over the next 18 months subject to Dragonplay meeting certain financial performance targets.Says it expects to fund the transaction from cash on hand and proceeds from its revolving credit facility.Subject to completion of certain customary closing conditions, Bally expects to close the acquisition of Dragonplay in July 2014 and expects the acquisition to be accretive to Bally's fiscal 2015 adjusted earnings per share.  Full Article

Bally Technologies Inc appoints Richard Haddrill Chief Executive Officer
Thursday, 15 May 2014 04:41pm EDT 

Bally Technologies Inc:Appoints Richard Dick Haddrill as Chief Executive Officer (CEO) of the Company, effective May 23, 2014.Ramesh Srinivasan will no longer serve as President and CEO and as a member of the Board.  Full Article

Bally Technologies Inc exclusive enterprise-wide systems agreement with Golden Nugget Inc
Tuesday, 6 May 2014 09:00am EDT 

Bally Technologies Inc:Expands partnership with Golden Nugget Inc. to become exclusive, enterprise-wide Systems provider for Golden Nugget's five gaming properties in United States, including its properties in Nevada, New Jersey, Mississippi, and soon-to-be-opened casino resort in Louisiana.  Full Article

Bally Technologies Inc raises low end of prior FY 2014 EPS outlook to a range in line with analysts' estimates; gives Q4 2014 EPS outlook to a range in line with analysts' estimates
Thursday, 1 May 2014 04:01pm EDT 

Bally Technologies Inc:Updates on FY 2014 guidance.Expects FY 2014 adjusted EPS in the range of $4.35 to $4.50.Expects Q4 2014 Adjusted EPS in the range of $1.14 to $1.29.FY 2014 EPS of $4.39 - Thomson Reuters I/B/E/S.Q4 2014 EPS of $1.21 - Thomson Reuters I/B/E/S.  Full Article

Bally Technologies Inc gives FY 2014 EPS guidance above analysts' estimates
Thursday, 6 Feb 2014 04:11pm EST 

Bally Technologies Inc:Expects FY 2014 adjusted EPS with a range of $4.30 to $4.50.Says the range also excludes current and expected losses from unfavorable foreign currency movements.FTY 2014 EPS of $4.21 - Thomson Reuters I/B/E/S.  Full Article

Bally Technologies Inc announces enterprise-wide systems agreement with Australian Leisure and Hospitality Group
Tuesday, 4 Feb 2014 09:00am EST 

Bally Technologies Inc:Says an exclusive enterprise-wide gaming systems agreement with the Australian Leisure and Hospitality Group (ALH).Says ALH will deploy Bally's suite of applications, including voluntary pre-commitment and utilizing a common player card, at more than 270 venues throughout the country.  Full Article

Bally Technologies Inc completes acquisition of SHFL entertainment Inc
Monday, 25 Nov 2013 09:18am EST 

Bally Technologies Inc:Says it has completed the acquisition of SHFL entertainment Inc.Says SHFL shareholders are receiving $23.25 per share in cash for each share of SHFL stock.Says the transaction is valued at approximately $1.3 billion, including assumed net debt.  Full Article

Slot machine maker Scientific Games to buy rival Bally

- U.S. Slot machine maker Scientific Games Corp will buy larger rival Bally Technologies Inc in a $3.27 billion deal, the latest in a consolidating U.S. gaming industry.

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