This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Casino Services Stocks to Play

4. Bally Technologies designs, manufactures, operates, and distributes advanced technology-based gaming devices and systems worldwide. Bally's product line includes reel-spinning slot machines, video slot machines, wide-area progressives, and Class II, lottery, and central determination games and platforms.

For second quarter of 2011, total revenue was $182.7 million. Gaming operations contributed $77.1 million to total revenue, the highest ever achieved. Moreover, average selling price of new units increased by 7% to $15,244, driven by sales of its pro-series with Alpha 2 technology. At the end of Dec. 2010, gaming monitoring units installed base stood at 392,000 and systems managed cashless games stood at 327,000, representing a year-on-year increase of 7.4% and 4.5%, respectively.

The company recently announced plans to acquire Sightline Payments, a provider of innovative payment solutions. The strategic investment would enable Bally to launch cashless gaming products which it believes can change the gaming payments industry. Bally also announced DRGT Europe as its distributor for slot machines and related equipment in Belgium.

Going forward, the company expects improvement in replacement demand as well as jurisdictional expansions during 2011. Furthermore, Bally forecasts diluted EPS of $2-$2.15 on annual revenue of $205-$215 million.

Of the nineteen analysts covering the stock, 68% recommend a buy and 26% rate it a hold. On average, analysts estimate an upside of 25% to $46.63 in value from current levels.
3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SHFL $23.19 0.00%
BYI $83.27 0.00%
EGT $1.80 0.00%
GPIC $9.50 0.00%
WMS $18.56 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs