This company went from making cast-iron slot machines in the 1930s to seeing record quarterly earnings with technology driven slots and gaming systems of the new century.
Bally Technologies, Inc. ( BYI ), headquartered in Las Vegas, Nev., incorporated in September 1968, but actually traces its history back to 1932 and the original cast-iron slot machine, the "Bally Baby."
Today, Bally, a Zacks #1 Rank (Strong Buy), is one of the largest manufacturers of slot and video machines in the gaming industry. The company also designs computerized monitoring systems for casinos that p
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With the proliferation of casinos all across the United States, especially on Native American reservations, there may be an opportunity in the manufacturers of the slot machines, video poker machines, and bingo machines. According to the U.S. Bureau of Labor Statistics, because of the growth of and increasing popularity of Indian casinos and racinos [a racetrack with a casino], employment in gaming services occupations is projected to grow by 23 percent between 2006 and 2016, which is much faster than the average for all occupations.
You will have to decide if any of the following stocks ar...
Bally Technologies (NYSE: BYI) designs, manufactures, operates and distributes advanced gaming devices and associated information systems. Products include reel-spinning slot machines, video slots, wide-area progressives and lottery games, as well as an array of casino management, slot accounting, bonusing, cashless operation and table management systems. Bally also owns and operates the Rainbow Casino in Vicksburg, Mississippi.
The company pleased investors earlier in the week, when it announced fiscal Q3 EPS of 52 cents and re
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