Shfl Entertainment acquisition lifts Bally to record quarterly revenue

Las Vegas-based Bally Technologies, which makes slot machines, card shufflers and casino-management systems, reported earnings today for the quarter ending March 31.

Company: Bally Technologies Inc. (NYSE:BYI)

Revenue: $338.4 million (up 31 percent from the same period in 2013).

Earnings: $27.6 million in profit (down 28 percent from the same period in 2013).

Earnings per share: 70 cents (down 25 percent from the same period in 2013).

Bally posted record quarterly revenue, thanks in part to its new table-products line of business, which it acquired last year when it bought Las Vegas casino supplier Shfl Entertainment for about $1.4 billion.

Table products generated $44 million in revenue last quarter, Bally reported.

The company also booked $102 million in revenue from its electronic gambling machines, up from $86 million a year earlier, and about $90 million in revenue from casino systems, up from $71 million.

However, expenses rose to $272 million last quarter from $198 million a year earlier.

Among other things, Bally repaid $68 million in debt and bought back $10 million in company shares, Chief Financial Officer Neil Davidson said.