Friday, August 10, 2012

news.casinolife

news.casinolife

BALLY TECHNOLOGIES INC REPORTS RECORD REVENUE OF $880 MILLION WITH NON GAAP EPS OF $2.45 FOR THE YEAR ENDED JUNE 30 2012

Posted: 09 Aug 2012 03:08 PM PDT

  • FOURTH QUARTER REVENUE UP 15 PERCENT TO A RECORD $246 MILLION WITH NON-GAAP EPS OF $0.78
  • WIDE-AREA PROGRESSIVE INSTALLED BASE GROWS 72 PERCENT AND SETS RECORD QUARTERLY REVENUE; CASH CONNECTION™ INSTALLED BASE INCREASES TO 625 UNITS
  • COMPANY REPURCHASES $106 MILLION WORTH OF STOCK SINCE MARCH 31, 2012
  • INITIATES FISCAL 2013 DILUTED EPS GUIDANCE OF $2.95 TO $3.30

LAS VEGAS, August 9, 2012 — Bally Technologies, Inc. (NYSE: BYI), a leader in slots, video machines, casino management, interactive applications, and networked and server-based systems for the global gaming industry, announced today quarterly non-GAAP EPS of $0.78 on record revenue of $246 million for the three months ended June 30, 2012.  Non-GAAP EPS was $2.45 on record revenue of $880 million for the year ended June 30, 2012.  Diluted earnings per share from continuing operations ("Diluted EPS") was $0.61 and $2.28 for the three months and year ended June 30, 2012.

"Our fourth quarter and fiscal 2012 results validate our leadership position in gaming technology innovation," said Richard M. Haddrill, the Company's Chief Executive Officer.  "This innovation leadership and visibility into further growth opportunities for all of our businesses for fiscal 2013 and beyond is tremendously encouraging."

"During our fourth quarter we established a number of company records for revenues and profitability, prudently accrued $10 million for several legal matters, and purchased another $73 million of our common stock, bringing the total during fiscal 2012 to 3.9 million shares for $155 million at $40.06 per share," said Neil Davidson, the Company's Chief Financial Officer.  "Since June 30, 2012, we purchased an additional $33 million worth of stock."

 

 

Incredible Technologies Announces New Additions to their Gaming Sales & Marketing Team

Posted: 09 Aug 2012 10:10 AM PDT

 

 

(August 9, 2012 – Arlington Heights, IL)  Incredible Technologies (IT) announced today the addition of two gaming sales veterans, as well as two dedicated marketing professionals to its thriving casino gaming sales initiative.  Greg Timm and Sergio Pacini join the company both as Western Sales Managers focusing primarily on Nevada, as well as other western markets.  In support of this growth, the marketing team has added a new Marketing Analyst, Naté Grindeland as well as a Marketing Associate, Caitlin Harte.

Timm brings over 30 years of experience to the company with expertise in product sales, marketing and sales management.  Timm joins IT most recently from JCM Global where he served as Territory Manager.  Previous experience includes key roles in opening new territories for IGT, Sigma and Spielo in the West.

Pacini comes to IT with over 20 years of sales and operations experience in the gaming industry ranging in slots, systems and casino operations.  Utilizing his knowledge of developing new markets for Aruze and Shuffle Master, Pacini will now help guide IT's expansion.  Timm and Pacini – alongside western region sales director, Beena Blake – will be responsible for managing IT's rollout of video slots in Nevada this coming year.

Grindeland and Harte together bring over 13 years of experience in Product Marketing and Marketing Communications, including 4 years in the casino gaming industry.  Their introduction to the team includes the kickoff of a market analysis program, designed to support both sales and the company's slot development studios.

"The addition of Greg and Sergio brings our gaming sales team to seven diverse and experienced professionals," said Don Pesceone, IT's Senior Vice President of Sales.  "While this growth is an indication of our recent success, more importantly it is laying a foundation for the growth we're projecting in the next twelve months as we move our proven slot line into major US markets."

About Incredible Technologies Incredible Technologies is an emerging Class-III gaming manufacturer focused on delivering compelling video slot, poker and keno content to the modern day casino floor.  The company is located in the Chicago suburb of Arlington Heights, Illinois and is also the largest manufacturer of coin-operated video games in the United States with its flagship product, Golden Tee® Golf, recognized as the most-successful pay-to-play video game in history.  Incredible Technologies is a certified Women's Business Enterprise.

 

 

Aristocrat’s nRich™ Bonusing Engine Technology Named to Top of Casino Enterprise Management’s “HOT Awards” List for Guest Experience Enhancement

Posted: 09 Aug 2012 09:35 AM PDT

 

LAS VEGAS (August 9, 2012) – Aristocrat's innovative bonusing engine technology nRich™ has been named to the top of Casino Enterprise Management Magazine's 3rd annual Hospitality Operations Technology (HOT) Awards List for Guest Experience Enhancement.

"We are absolutely thrilled to be at the top of the HOT Awards list for what is clearly one of the industry's hottest, most unique, and best products to enhance the guest experience. We created nRich to be unlike any other bonusing engine on the planet – one that focuses on the individual player. Our field results have proven that we have been successful in helping properties generate revenue by enhancing the guest experience, and now to have been chosen for this award by a team of distinguished operators is very exciting," said Aristocrat Vice President of System Sales and Marketing Kelly Shaw.

nRich is a totally new form of bonusing engine that focuses on dynamically rewarding individual players. Unlike other bonusing engines that use generic/non-specific thresholds to initiate a bonus event, nRich is dynamic because it uses the Average Daily Theoretical win specific to a patron or to a group of patrons as the basis for the bonus. nRich visually displays a meter on screen, in front of the player, to give the player a sense of how close they are to achieving an added bonus. The visual indicator raises players' level of anticipation and therefore increases time on device.

Traditional bonusing products are geared more towards groups than individuals, and they use traditional triggers such as coin in, coin out, coin loss and time played. nRich breaks from tradition and looks at each individual and their personal play habits; calculates an individual's daily play amounts and trips and applies rewards based on that amount automatically.

nRich has been field-proven offering operators multiple benefits, including: increased Average Daily Theoretical win, increased player time on device, increased property revenue, growth through incentivized levels, and increased player card sign-ups.

HOT nominees were judged by an expert panel that included Bob Ambrose, professor and independent gaming consultant; Stephen Keener, assistant vice president casino operations, Dover Downs Hotel & Casino; J.B. King, CIO, San Manuel Band of Mission Indians; Donald Kneisel, vice president of information technology, Resorts Casino Hotel; Sheleen Quish, senior vice president of human resources and IT, Ameristar Casinos Inc.; and Wendy Reeve, director of casino operations, Sycuan Casino.

Aristocrat Technologies Inc. is a subsidiary of Aristocrat Leisure Limited (ASX: ALL), a leading global provider of gaming solutions. The Company is licensed by more than 200 regulators and its products and services are available in more than 90 countries around the world. Aristocrat offers a diverse range of products and services including electronic gaming machines and casino management systems. For further information visit the company's website at www.aristocratgaming.com

Industry experts to discuss commercial viability and regulation of gambling on Facebook at the 11th European iGaming Congress and Expo (EiG)

Posted: 09 Aug 2012 03:19 AM PDT

 

London (9 August, 2012) – Facebook's sudden and formidable entrance into real-money wagering is sure to draw fast-followers into this ever-evolving landscape.  An online survey, which was launched a few weeks ago by EiG and Kontagent to gather the industry's views on the widely discussed convergence of social gaming and gambling, indicated that opinions were very divided on Facebook's appetite for real-money gaming. All those who were sceptical of Facebook moving into gambling have proved mistaken, as earlier this week Facebook's first real-money offering by UK operator Gamesys was launched.

"As the convergence of casual gaming and social gambling further evolves across other jurisdictions, it's refreshing to see strategic moves by industry leaders like Facebook taking shape. There's no reason to repeat the mistakes of the past by other sectors, like music and publishing, and resist the pulse of innovation. The iGaming industry has more to gain by embracing change and evolving business models," said Hal Bringman, chairman of social gaming for EiG.

Speculation surrounding Facebook's interest in gambling has been circulating the industry for almost a year, since it was first revealed in December 2011 that Facebook executives were discussing real-money options with a small group of industry operators. The rumour was later escalated by International Game Technology (IGT) with the acquisition of social game company, Double Down Interactive, and a number of other partnership discussions between social game developers and gambling companies.

Anticipation will now continue on who will be next, although Facebook denies plans on launching with other operators, as reported by Reuters. Facebook's new addition will also intensify calls for regulation of social gaming, an area already being monitored by the UK Gambling Commission.

The debate that started less than a year ago will continue to evaluate the commercial viability of real-money gaming on Facebook, conversion rate from social gaming to real-money gambling, propensity of social gamers to switch to real-money gambling and partnership opportunities coming out of the convergence of social gaming and gambling.

Those paradigm-shifting topics and Facebook's decision from this week, including who will be next, will be discussed during the 11th European iGaming Congress and Expo (EiG), taking place in Barcelona on 16-18 October. The event will gather industry thought leaders from both the social gaming and gambling sectors to understand how they can co-exist, co-operate and compete.

CEOs and top decision makers from companies involved in the space, including William Hill, Gala Coral, Betfair, DragonPlay, Lottomatica, Boylesports, Plumbee, Blitzoo Games, Playsino, 6waves, Sportech, Crowdpark, King.com, Slingo, Yazino, among many others, are confirmed panellists.

Simon Collins, founder of bingo operator Cashcade and currently partner at investment fund NewGame Capital, commented, "After the highly anticipated move into real-money gaming by Facebook, it will be very interesting to see what strategies will be adopted by other organisations from the gambling sector. That's certainly the question I will ask the attending audience at EiG."

The 11th European iGaming Congress & Expo (EiG) is taking place in Barcelona on 16-18 October 2012. More information about the event and registration can be found at www.eigexpo.com.

About Clarion Events Clarion Events' gaming portfolio is the first choice provider of quality information, events and services to the global gaming, gambling and betting industries. It is dedicated to supporting the industry it serves – whether traditional or new, supplier or buyer, trade association or government department. The ongoing goal for Clarion Events' gaming portfolio is to maintain its position of leadership both within the industry and in representing the industry to the business community at large, providing world class customer service in the process. http://www.totallygaming.com

About EiG EiG – Unravelling European iGaming.  Each year EiG serves as a melting pot at which iGaming's CEOs and thought leaders mix with regulators and the brightest new market entrants. 2012 is no exception as EiG returns to its spiritual home in Barcelona across 16th – 18th October.

Courtesy of a compelling mix of panel discussions, case studies and brainstorming sessions, the 11th European iGaming Congress and Expo will dissect the social gaming phenomenon, drilling down to evaluate its value as a player acquisition and retention tool as well as a new business model. Find out about monetisation models, player migration strategies, new business opportunities, regulations, the opening of new markets and a whole lot more, across three days of exhilarating learning and priceless networking.

To join 1700 of the industry's most progressive minds in one of Europe's most attractive cities simply visit www.eigexpo.com – you are guaranteed to be in the very best of company.