Technologies, Inc. (NYSE: BYI), a leader in slots, video machines,
casino management, and networked and server-based systems for the global
gaming industry, today announced it has entered into a definitive
agreement to acquire Las Vegas-based Sightline
Payments, a provider of innovative payment solutions.
Bally Technologies' CEO Richard Haddrill. (Photo: Business Wire)
Bally's Chief Executive Officer, Richard Haddrill, said, ?Sightline
Payments is our latest strategic investment and continues to show our
commitment to a comprehensive system product offering. Payment systems
and gaming systems will continue to converge and incorporate privatized
currency capabilities currently available in retail and online.?
?Our iVIEW? network has been architected to serve customers at any point
of play or point of purchase, and the addition of Sightline's product
offerings to these distribution channels will make for a powerful suite
of products for our customers,? Haddrill added.
?Sightline and Bally belong together,? said Kirk Sanford, Chief
Executive Officer, President, and Founder of Sightline Payments. ?We
know Bally's unique capabilities, and now is the right time to combine
both companies. Because of our shared vision of the future of payment
services in gaming, we are on the verge of launching some very exciting
cashless gaming products that we think can change the gaming payments
industry in meaningful ways for our customers.?
Sightline Payments will remain in Las Vegas, and brings to Bally
significant gaming and payment industry experience from Kirk Sanford,
Tom Sears, and Diran Kludjian.
Payment processing will be a new product line for Bally, adding a
comprehensive line-up of Sightline Payment products. Many of Sightline's
cutting-edge payment system solutions will be on display next week at
Bally Technologies' Systems
User Conference 8 at Pechanga
Resort & Casino in Temecula, Calif., including some of their
offerings listed below:
MobileFunds?: An industry first, PCI-compliant end-to-end NFC (Near
Field Communication) and web-based mobile phone payment solution with
pre-funded mobile wallet and pre-paid card functionality.
SmartAdvance?: An industry first and patent pending unique ?no-fee?
transaction program that drives material revenue increases and reduced
costs to a casino operator.
Check Warranty?: In partnership with a leading check warranty
provider, this gaming-centric check guarantee product results in more
Redemption7X?: An integrated hardware and software solution which
supports Bally's iVIEW Display Manager? (DM) player-user-interface,
ticket-redemption, bill-breaking, ticket printing, ATM, cash advances,
and check cashing all in one device.
ATM3X?: An integrated hardware and software solution which allows
casino patrons to perform ATM withdrawals and debit or credit-card
SmartStation?: A rich transaction delivery system for cage operations
which allows cashiers to quickly and efficiently complete multiple
About Bally Technologies, Inc.
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. For more information, please
contact Laura Olson-Reyes, Director of Corporate Communications, at
702-584-7742, or visit 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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6634585&lang=en
Bally Technologies, Inc.
Laura Olson-Reyes, 702-584-7742
of Corporate Communications
Vice President of Treasury and Investor