Tag: SHFL Bally
SHFL profits cut by Bally merger costs
September 13, 2013
Macau Business Daily – SHFL entertainment Inc, a maker of casino equipment, announced its net profit tumbled in the last fiscal quarter, due to costs from the proposed merger with Bally Technologies Inc. The United States firm reported on Wednesday U.S. time that net profit fell by 38.5 percent year-on-year to US$6.4 million (51.1 million patacas) in the three months ended July 31. The estimated US$1.3-billion merger with Bally – another leading Nevada-based gaming equipment firm – cost the company US$3.6 million in the third quarter. In an earnings release, SHFL said that the merger announced in July remains pending…