Bally Technologies almost hit the $1 billion mark in revenue ($997 million) during the last fiscal year, which earns it our congratulations. Good work, folks. “We 
made enormous progress in many different ways, including continued growth in wide-area progressive units, record gaming operations revenue, (and) significant success in new markets like Canada, Illinois, and South Africa,” CEO Ramesh Srinivasan told investors. The management-systems division was the main driver, increasing its revenue by 32%. Bally’s $0.95/share profit in 4Q13 was just slightly above Wall Street’s reputation. It comes at a good time, because the company is forking over $1.3 billion to acquire SHFL Entertainment. I wouldn’t expect too much in the way of dividends, though. Most Bally cash flow will be diverted toward paying down the cost of the SHFL purchase … which is as it should be.
No license, no problem? It tells you what a joke Nevada‘s gambling-regulation regime has become that you can lose your license in one state and still apply here. That’s the intention of Galaxy Gaming CEO Robert Saucier. What’s Saucier for the goose in California — where the CEO recently got cooked — ought to be Saucier for the Nevada gander. In the Golden State, he was recently found culpable of “withholding or misstating crucial information to state officials about his past, including his schooling, criminal record, business dealings and lawsuits,” a judgment he’s appealing. You’d think that would sink Saucier’s chances in the Silver State but my sources expect him to be licensed here. At least he can say he’s doing a good job: Galaxy posted a 2Q13 revenue increase and an 85 grand profit.
