LAS VEGAS, April 23 /PRNewswire-FirstCall/ -- Bally Technologies, Inc. (NYSE: BYI) announced today it has signed the gaming industry's largest combined slot, casino management and bonusing systems deal to date, an agreement with Las Vegas Sands Corp. to provide an expansive range of Bally technology at nine casino resorts in Las Vegas, Macau and Singapore.
Upon complete execution, based on successful "go-lives" at multiple properties, the series of contracts is valued at up to $56 million.
The comprehensive agreement covers The Palazzo Resort Hotel Casino under construction on the Las Vegas Strip, The Venetian Macao Resort Hotel under construction on the Cotai Strip(TM) in the People's Republic of China (PRC) Special Administrative Region of Macau, six future Las Vegas Sands casinos on the Cotai Strip and The Marina Bay Sands under construction in Singapore.
"This is a milestone event for Bally as we announce the largest contract in the Company's 75-year history," said Richard Haddrill, CEO of Bally Technologies. "To be the technology provider of choice for such a progressive company is a role we take very seriously, and we look forward to working together on all of these integrated resorts around the world."
The contract includes a full range of Bally Casino Management Systems (CMS(TM)) / Slot Management Systems (SMS(TM)) technologies, the complete suite of Bally Power Bonusing(TM) solutions, eTICKET(TM) cashless functionality and interactive iVIEW(TM) displays for up to 16,000 slot machines.
Already the casino management systems provider at Las Vegas Sands' The Venetian Resort Hotel Casino on the Las Vegas Strip and at the Sands Macau, Bally has enhanced its software and product sets for Las Vegas Sands to accommodate the specific requirements of the growing Asian market. Bally CMS/SMS can support dual currencies, multiple chip sets per table, non- negotiable chips, premium player programs, chip purchase vouchers and expanded monetary fields.
With Bally technology dramatically expanding the capabilities of Las Vegas Sands' universal player's card by linking Las Vegas, Macau and Singapore resorts, Las Vegas Sands will also enhance the player experience by deploying Bally Power Winners(TM), a configurable random progressive jackpot technology that rewards players using their player's club cards.
"We see this as an endorsement of our technology portfolio and product road map," said Tom Reilly, Vice President of Sales, East Region. "Clearly Las Vegas Sands is a company on the move and we're proud to be their partner as they develop some of the most spectacular integrated resorts ever created."
The "go-live" dates for the various Bally technologies will be staggered over the next two years, with The Venetian Macao scheduled to open in Summer 2007, The Palazzo later in 2007 and The Marina Bay Sands in 2009.
Recognized as the industry systems leader with more than 358,000 machines and 667 casino, bingo, Class II, central determination and lottery locations worldwide -- including more than 191 locations currently running Bally eTICKET(TM) on more than 228,000 slot machines -- the Bally Technologies systems product line offers slot machine cash monitoring, table management, cashless, accounting, security, maintenance, marketing, promotional and bonusing capabilities, enabling operators to accurately analyze performance and accountability while providing an enhanced level of customer service.
With a history dating back to 1932, Las Vegas-based Bally Technologies designs, manufactures, operates and distributes advanced gaming devices, systems and technology solutions worldwide. Bally's product line includes reel-spinning slot machines, video slots, wide-area progressives and Class II, lottery and central determination games and platforms. As the world's No. 1 gaming systems company, Bally also offers an array of casino management, slot accounting, bonusing, cashless and table management solutions. The Company also owns and operates Rainbow Casino in Vicksburg, Miss. Additional Company information, including the Company's investor presentations, can be found at http://www.ballytech.com/.
This news release may contain "forward-looking" statements within the meaning of the Securities Act of 1933, as amended, and is subject to the safe harbor created thereby. Such information involves important risks and uncertainties that could significantly affect the results in the future and, accordingly, such results may differ from those expressed in any forward- looking statements. Future operating results may be adversely affected as a result of a number of risks that are detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update the information in this press release and represents that the information is only valid as of today's date.
- BALLY TECHNOLOGIES, INC. -
Investor Contact: Robert Caller Media Contact: Marcus Prater
(702) 584-7982 (702) 584-7828
rcaller@ballytech.com mprater@ballytech.com
Website: http://www.ballytech.com/