Net income down at Bally Technologies

Bally Technologies, the US gambling supply and content company that is about to be acquired by Scientific Games, reported a 23 percent decline in net income to $28.8 million in its fiscal Q1-2015 reportage this week (Q1-2014: $37.8 million).

The decline came despite record revenues of $320.8 in the quarter ended September 30, a 29 percent improvement over the same period a year earlier, with gaming revenues contributing $106 million.

The company attributed the dip in net income to increased cost of sales, which rose 34 percent, and rising costs across all operations.