LAS VEGAS--(BUSINESS WIRE)-- Bally Technologies, Inc. (NYSE: BYI), a leader in slots, video machines, and casino-management systems for the global gaming industry, today announced that it has signed a seven-year contract to extend its current term with the New York Lottery to continue providing video gaming terminals to the state’s eight racetrack casinos. The contract extension will commence immediately and run through December 31, 2017.

Bally currently has a 51-percent market share in New York, where it provides more than 6,400 video-gaming terminals to Batavia Downs Casino; Empire City Casino at Yonkers Raceway; Fairgrounds Gaming & Raceway; Finger Lakes Gaming & Racetrack; Monticello Casino & Raceway; Saratoga Gaming & Raceway; Tioga Downs Casino; and Vernon Downs Casino & Hotel. A ninth casino at Aqueduct Racetrack could come on line as early as 2011.

Bally has enjoyed a partnership with the New York Lottery since January 2004 as a provider of some of its most exciting and profitable video games. The Company is one of three video gaming providers in the state.

New York Lottery Director Gordon Medenica said, “We are pleased to extend our partnership with Bally Technologies and make a long-term commitment to continue working together as we continue to grow our video-lottery program. Bally’s video game content has proven to be very popular with our customers and is helping us deliver increases in net win across our casino network, and in turn, give back to our state’s vital funding for education.”

“We are humbled and extremely proud that the New York Lottery has chosen to continue its partnership with Bally Technologies beyond the terms of our initial contract,” said Richard M. Haddrill, Bally’s Chief Executive Officer. “The first five-plus years of our relationship have been positive for both parties, and we are proud to have helped the lottery return more than $930 million from Bally units in support of aid to education in New York during that time.”

Haddrill added, “We look forward to building our partnership with the lottery as Aqueduct Racetrack prepares to come on line with video lottery gaming, and we will work hard to ensure that we continue to provide exciting and profitable game content to help the New York Lottery take its video-lottery business’s net win to even higher levels.”

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. The Company also owns and operates Rainbow Casino in Vicksburg, Miss. 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.

Source: Bally Technologies, Inc.