Diversified gaming supplier Scientific Games reported revenues for its first full quarter since it acquired slot manufacturer Bally Technologies were 8.7 million, nearly double the same quarter a year ago. However, costs related to the transaction also caused the company’s net loss to double year-on-year, to .4 million, or .01 per share.
Scientific Games CEO Gavin Isaacs assured investors on a conference call that the net loss is temporary, and that the company is now ready to capitalize on its “ability to provide end-to-end products for casinos. He cited the company’s recent contract to provide games, systems and interactive products for the new $3.5 billion Baha Mar resort in the Bahamas as indicative of what’s to come.
Isaacs also noted that the integration of Bally into Scientific Games is “ahead of schedule,” and will bring an estimated $235 million in cost savings by the end of the year.
