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Gaming executive says New York ties helped AEG win Aqueduct deal (ReviewJournal.com - Business) - Feb 02, 2010

The additional 1,500 games would be added in a new phase, along with additional entertainment amenities and a 300 room hotel Roth Capital Partners gaming analyst Todd Eilers said slot machine manufacturers, particularly Bally Technologies, which has a contract with the state for up to 50 percent of a casino's floor, are big winners with AEG winning the process Bally now has 6,400 video lottery terminals installed at eight New York racetracks Video lottery terminals are similar to slot machines but operate through a central server The biggest holdup, analysts said, could be legal challenges filed concerning the selection process 
Todd Eilers
Todd Eilers
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Roth Capital Partners gaming analyst <span class="analyst">Todd Eilers</span> said slot machine manufacturers, particularly <span class="company">Bally</span> Technologies, which has a contract with the state for up to 50 percent of a casino's floor, are big winners with AEG winning the process Tweet this 

Bally Technologies reports flat second quarter - Las Vegas Review (Journal) - Jan 27, 2010

Bally's share price took a slight hit earlier this week when Goldman Sachs gaming analyst Steven Kent downgraded the stock value of rival slot maker International Game Technology 
Steven Kent
Steven Kent
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Bally's share price took a slight hit earlier this week when Goldman Sachs gaming analyst Steven Kent downgraded the stock value of rival slot maker International Game Technology Tweet this 

"We look forward to building our partnership with the lottery," Haddrill said Before the company announced earnings, Roth Capital Markets gaming analyst Todd Eilers said Bally systems business benefited from several placements and the company shipped slot machines during the quarter to a new casino in Alabama, Aria and a Pennsylvania racino "We view Bally as the best supplier to own in the space considering its unique growth opportunity in systems combined with international expansion opportunities," Eilers told investors 
Todd Eilers
Todd Eilers
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Before the company announced earnings, Roth Capital Markets gaming analyst Todd Eilers said Bally systems business benefited from several placements and the company shipped slot machines during the quarter to a new casino in Alabama, Aria and a Pennsylvania racino Tweet this 

IGT profits rise by 20 percent even as revenues decline (ReviewJournal.com - Business) - Jan 22, 2010

"While IGT is making subtle strides in its turnaround and we are pleased with its progress, we continue to prefer WMS Industries and Bally Technologies," Macquarie Securities gaming analyst Joel Simkins told investors Thursday 
Joel Simkins
Joel Simkins
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  "While IGT is making subtle strides in its turnaround and we are pleased with its progress, we continue to prefer WMS Industries and <span class="company">Bally</span> Technologies," Macquarie Securities gaming analyst <span class="analyst">Joel Simkins</span> told investors Thursday Tweet this 

Nuance Comm. Inc. (NUAN) To Do Well in 2010 (Benzinga) - Jan 07, 2010

Talking with CNBC, David Kestenbaum, Managing Director of Morgan Joseph, picked Bally Technologies Inc. (NYSE: BYI) as one of his favorite stocks for Year 2010. He said that the casino industry is currently underinvested and hence is expected to do well this year He also said that Bally Tech is gaining market share but still is priced cheaper than its peers His another pick was Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), which operates in a protected sector 
David Kestenbaum
David Kestenbaum
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Talking with CNBC, <span class="analyst">David Kestenbaum</span>, Managing Director of Morgan Joseph, picked Bally Technologies Inc. (NYSE: BYI) as one of his favorite stocks for Year 2010. Tweet this 

Q2 2010 Bally Technologies Inc. Earnings Conference Call (Thomson Street Events) - Jan 27, 2010

Richard Haddrill Bally Technologies Inc. - President, CEO and Director Robert Caller Bally Technologies Inc. - EVP, CFO and Corporate Treasurer Gavin Isaacs Bally Technologies Inc. - EVP and COO Ramesh Srinivasan Bally Technologies Inc. - EVP, Bally Systems Division 
 
Share:  ...Richard Haddrill Bally Technologies Inc. - President, CEO and Director Robert Caller Bally Technologies Inc. - EVP, CFO and Corporate Treasurer Gavin Isaacs Bally Technologies Inc. - EVP and COO Ramesh Srinivasan Bally Technologies Inc. - EVP, Bally Systems Division... Tweet this 

Casino Wins Big in Ohio Vote (TheStreet.com - Latest Headlines) - Nov 04, 2009

J.P. Morgan analyst Joseph Greff said that, assuming 10,000 slots and shares of 45% for International Game Technology and 20% each for Bally and WMS, this would add 6 cents, 16 cents and 15 cents of earnings per share in late 2011, respectively.  
Joseph Greff
Joseph Greff
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  J.P. Morgan analyst <span class="analyst">Joseph Greff</span> said that, assuming 10,000 slots and shares of 45% for International Game Technology and 20% each for <span class="company">Bally</span> and WMS, this would add 6 cents, 16 cents and 15 cents of earnings per share in late 2011, respectively. Tweet this 

Casinos Wins Big in Ohio Vote (TheStreet.com - Latest Headlines) - Nov 04, 2009

J.P. Morgan analyst Joseph Greff said that, assuming 10,000 slots and shares of 45% for International Game Technology and 20% each for Bally and WMS, this would add 6 cents, 16 cents and 15 cents of earnings per share in late 2011, respectively.  
Joseph Greff
Joseph Greff
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  J.P. Morgan analyst <span class="analyst">Joseph Greff</span> said that, assuming 10,000 slots and shares of 45% for International Game Technology and 20% each for <span class="company">Bally</span> and WMS, this would add 6 cents, 16 cents and 15 cents of earnings per share in late 2011, respectively. Tweet this 

Bally Meets Expectations (Zacks - Analyst Blog) - Oct 30, 2009

Gaming equipment maker Bally Technologies Inc ( BYI , Snapshot Report ) posted fiscal 2010 first quarter results yesterday after the closing bell. The company recorded net income of $30.6 million, or 53 cents per share, compared to $30.3 million, or 52 cents in the year ago period. The results matched the Zacks Consensus Estimate. 
 
Share:  Gaming equipment maker <span class="company">Bally</span> Technologies Inc ( BYI , Snapshot Report ) posted fiscal 2010 first quarter results yesterday after the closing bell. Tweet this 

Casino and Gambling Industry a Risky Bet (Research Recap) - Oct 28, 2009

Analysts at Morgan Joseph reiterated their "buy" rating on Bally Technologies (BYI) on .  
 
Share:  Analysts at <span class="analyst">Morgan Joseph</span> reiterated their "buy" rating on <span class="company">Bally</span> Technologies (BYI) on . Tweet this 

Bally Technologies "buy," target price raised (Newratings.com) - Oct 27, 2009

, Analysts at Morgan Joseph reiterate their "buy" rating on Bally Technologies (BYI) .  
 
Share:  , Analysts at <span class="analyst">Morgan Joseph</span> reiterate their "buy" rating on <span class="company">Bally</span> Technologies (BYI) . Tweet this 

Bets are off at PA slots: report (Philly.com Business) - Oct 14, 2009

"Equipment manufacturers are the best way to play the gambling group," according to Janney Capital Markets analysts Brian McGill and Bill Strauss. In a report today, they tell clients to buy slot machine makers Bally Technologies, ICT and WMS Gaming. How's that? There's already 800,000 slot machines in the U.S and Canada. "Our forecast shows a drastic drop in new units after a strong 2009," McGill and Strauss acknowlege. But "there is pent up demand for replacements," with 40,000 slot machines going out the factory doors this year, 50,000 next year, and 60,000 to 80,000 in 2011. 
Brian McGill
Brian McGill
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  "Equipment manufacturers are the best way to play the gambling group," according to Janney Capital Markets analysts <span class="analyst">Brian McGill</span> and Bill Strauss. Tweet this 

Casino Supplier Risk Uncertainty Change (Morningstar Stock Analyst Notes) - Sep 21, 2009

We are lowering our uncertainty rating for WMS Industries WMS and Bally Technologies BYI to medium from high. Further, we are lowering International Game Technology's IGT uncertainty to high from very high. The lowering of our uncertainty ratings stems from increased visibility into the likelihood that casino operators will refresh their slot floors over the next 6 12 months. 
 
Share:  We are lowering our uncertainty rating for WMS Industries WMS and <span class="company">Bally Technologies</span> BYI to medium from high. Further, we are lowering International Game Technology's IGT uncertainty to high from very high. Tweet this 

Sector Snap: Gaming equipment companies (Forbes) - Sep 01, 2009

Steven Kent of Goldman Sachs ( GS , news , people ) said he toured the racino, which is a racetrack that has a casino, on Monday and determined that Bally and IGT have the best performing games and are gaining share on the casino floor.  
Steven Kent
Steven Kent
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="analyst">Steven Kent</span> of Goldman Sachs ( GS , news , people ) said he toured the racino, which is a racetrack that has a casino, on Monday and determined that <span class="company">Bally</span> and IGT have the best performing games and are gaining share on the casino floor. Tweet this 

BYI: Why the new contract for the CEO? (Footnoted) - Aug 27, 2009

Here's something we posted on about Bally Technologies (BYI) that we found in the filings: . Whenever we see a company changing an employment agreement with its CEO more frequently than once a year, it begs the question why. And that's exactly the question we're asking after taking a careful look at the 8 K that Bally (BYI) filed late Tuesday. 
Michelle Leder
Michelle Leder
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Here's something we posted on about Bally Technologies (<span class="company">BYI</span>) that we found in the filings: . Whenever we see a company changing an employment agreement with its CEO more frequently than once a year, it begs the question why. Tweet this 

IN BRIEF (ReviewJournal.com - Business) - Aug 27, 2009

Said Goldman Sachs gaming analyst Steven Kent, "When we upgraded the gaming equipment sector to Attractive at the end of 2008, our primary reason was our belief that states would look to expand gambling to raise revenues to plug tax shortfalls." The analysts said International Game Technology, WMS Industries and Bally Technologies should all benefit. 
Steven Kent
Steven Kent
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Said Goldman Sachs gaming analyst <span class="analyst">Steven Kent</span>, "When we upgraded the gaming equipment sector to Attractive at the end of 2008, our primary reason was our belief that states would look to expand gambling to raise revenues to plug tax shortfalls." Tweet this 

Sector Snap: Casino equipment makers (CNBC) - Aug 26, 2009

NEW YORK , A Goldman Sachs analyst raised the price targets of International Game Technology, WMS Industries Inc and Bally Technologies Inc. Wednesday, citing new gaming legislation and the likelihood that replacement sales will climb. It is the second time in just over a month that Steven Kent has increased the price targets of the three companies. In late July he boosted them on his replacement sale and gaming legislation views as well as recent earnings results. In his latest client note, Kent says he expects casino operators to have bigger budgets for 2010 — which would give them the potential funds for more of their machines to be replaced. 
Steven Kent
Steven Kent
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  It is the second time in just over a month that <span class="analyst">Steven Kent</span> has increased the price targets of the three companies. In late July he boosted them on his replacement sale and gaming legislation views as well as recent earnings results. Tweet this 

Bally Beats the Street in Q2 (Zacks - Analyst Blog) - Aug 13, 2009

Gaming equipment major Bally Technologies Inc ( BYI , Snapshot Report ) announced better than expected fiscal fourth quarter results yesterday after market close. The company posted net income of $33.2 million or 58 cents per share compared to $31.3 million, or 54 cents in the year ago quarter, and beating the Zacks Consensus Estimate by 3 cents or 5.5%. Bally Technologies is a leading gaming systems company, which designs, manufactures, operates and distributes advanced gaming devices, systems and technology solutions worldwide. 
 
Share:  Gaming equipment major <span class="company">Bally</span> Technologies Inc ( BYI , Snapshot Report ) announced better than expected fiscal fourth quarter results yesterday after market close. Tweet this 

Revenue dips, profit up for BallyRevenue drops as earnings rise for Bally (ReviewJournal.com - Business) - Aug 13, 2009

Revenues fell 17.1 percent to $205.1 million from $247.4 million. "Despite the continued challenging economy which has negatively impacted our customers' capital spending, our diversified business model drove yet another very profitable quarter," Bally Technologies Chief Executive Officer Richard Haddrill said in a statement. Haddrill added that Bally improved its gross margins on slot machine sales while expenses fell. The company's average slot machine price was $14,245 in the quarter, which compared with $13,329 a year ago. MorganJoseph gaming analyst Justin Sebastiano said the lack of new casino openings and a marked slowdown by casinos replacing older slot machines contributed to the company's declining revenues.  
Justin Sebastiano
Justin Sebastiano
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  MorganJoseph gaming analyst <span class="analyst">Justin Sebastiano</span> said the lack of new casino openings and a marked slowdown by casinos replacing older slot machines contributed to the company's declining revenues. Tweet this 

Sector Snap: Analyst keeps Bally Tech as top pick (PalmBeachPost.com - Business news from the AP) - Jul 22, 2009

Justin Sebastiano of Morgan Joseph & Co said in a client note that Las Vegas based Bally is looking to reduce costs by streamlining manufacturing and lowering its interest expense. Accounting, professional and legal fees are also expected to drop. Sebastiano increased Bally's price target to $42 from $34 based on 2010 estimates and raised his 2010 earnings forecast to $2.30 per share from $2.18 per share. Analysts surveyed by Thomson Reuters, whose estimates normally exclude one time items, predict 2010 profit of $2.36 per share. 
Justin Sebastiano
Justin Sebastiano
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="analyst">Justin Sebastiano</span> of Morgan Joseph & Co said in a client note that Las Vegas based <span class="company">Bally</span> is looking to reduce costs by streamlining manufacturing and lowering its interest expense. Tweet this 

Analyst keeps Bally Technologies as top pick (PalmBeachPost.com - Business news from the AP) - Jun 26, 2009

Analyst keeps Bally Technologies as top pick NEW YORK — A Morgan Joseph analyst said Friday that Bally Technologies Inc remains his top pick, saying that the slot machine maker's stock is undervalued. Analyst Justin Sebastiano said in a client note that the multiple discrepancy between Bally's stock price and those of rivals such as WMS Industries Inc is not justified "given the recurring revenue and high margin nature of the company's systems business."  
Justin Sebastiano
Justin Sebastiano
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Analyst <span class="analyst">Justin Sebastiano</span> said in a client note that the multiple discrepancy between <span class="company">Bally</span>'s stock price and those of rivals such as WMS Industries Inc is not justified "given the recurring revenue and high margin nature of the company's systems business." Tweet this 

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