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25 April 2023
Double winner scoops $50k at All Slots Casino
A young player from Switzerland became one of the most sought-after bachelors of the country by winning more than $50,000 two days in a row. On 17 April, the Swiss Stephen W. won $24,560, playing the video slot Burning Desire on his smartphone at All Slots Mobile Casino. The next day, still feeling lucky, he [...]
25 April 2023
Bally beats competitors: 26% revenue increase
The 2nd biggest iGaming equipment manufacturer in the world, Las Vegas-based Bally Technologies, has achieved a steady growth per share on the company’s financial quarter report. Ending on 31 March 2013, the report shows total three-month revenues of $71m, which represents a 26% increase, compared to 2012’s results. Austerity? What Austerity? Despite the continuing recession [...]
25 April 2023
Ukash receives the Queen’s Award
God save Ukash! The e-money network received the Queen’s Award for Enterprise for the third time for its contribution towards enabling and improving International Trade. The Queen of England commands you! The Queen’s Award for Enterprise is meant for the best business innovations, achievement in international trade and sustainable development of companies based in Wales. [...]
25 April 2023
Swedish player wins €6.7m at the Hall of Gods
The Hall of Gods has cleared away all doubts of its being a spectacular mega jackpot: this week a lucky player scored a €6.7 million win at Betsson Casino. On 20 April 2013, the video slot paid out a total of €6,740,171 jackpot to a Swedish player who only had a €2 stake at this [...]
25 April 2023
SG premieres Midnight Rush at Vera&John
The ever-popular Halloween theme is almost always guaranteed to be a hit among players, as the guys the guys at Sheriff Gaming are well aware. Enter the spooktacular Midnight Rush, a creepy 3D animated video slot, going live at Vera&John Casino on 24 April 2013. Many of our all-time favorite ghoulishly fun characters are present [...]
25 April 2023
Space Wars is out!
Intergalactic battles have never been this fun and rewarding, and NetEnt is making sure players will enjoy the cosmic ride with the Space Wars™ video slot. Starting from today, Space Wars™ goes live at ComeOn! Casino that is giving away 10 free spins to any player by just opening an account on their site. Players [...]
Bally beats competitors: 26% revenue increase
The 2nd biggest iGaming equipment manufacturer in the world, Las Vegas-based Bally Technologies, has achieved a steady growth per share on the company’s financial quarter report. Ending on 31 March 2013, the report shows total three-month revenues of $71m, which represents a 26% increase, compared to 2012’s results.
Austerity? What Austerity?
Despite the continuing recession and online casino sites taking over the US markets again, in just three months Bally increased its progressive installed base equipment by 73%, setting new quarterly record revenue.
The manufacturer’s financial report highlights the following accomplishments:
- -$60.7 million in earnings;
- -93 cents per share;
- -$259.1 million in revenues (only in this quarter).
Revenues skyrocketed for Bally in the first quarter due to their efficient marketing campaigns and investment in new products and services, plus the company’s new alliances with online casinos.
Even though slots machines have reduced in price by 8% in less than a year, the company had an increased production of slots - 4,923 during this first quarter - a 15% increase, compared to 2012’s 1st quarter.
Bally Tech’s CEO Ramesh Srinivasan stated: Our recent premium and wide-area progressive product launches have returned strong initial performances in many different locations and the much-anticipated NASCAR wide-area progressive debuted last week.
Still, the numbers show a growing revenue percentage from land-based progressive casino games, proving that using the classic “one armed bandits” still pays off.
Bally is more than aware of the current economic changes and consumer behavior patterns that are modifying the way people gamble. Hence, the company is increasing its investments in online gaming, adding new licensees and continually offering more games at major online casinos such as Mr Green, who’s added Bally’s Big Vegas and Cupid Psyche video slots, among many others, to their portfolio.
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