Layoffs At Slotmaker Bally Technologies
LAS VEGAS (AP) — Slot machine manufacturer Bally Technologies says it’s trimming about 6 percent of its workforce, or 270 jobs, as part of a restructuring effort after buying a rival.
The company issued a statement saying about half of the eliminated positions were from outside the U.S.
Bally chalked up the layoffs in part to a $1.3 billion buyout of SHFL entertainment that was completed in November. Bally is primarily known for its slot machines, while SHFL is known for table game management systems, including automatic card shufflers.
Bally’s reorganization comes a few months after its competitor, International Game Technology, laid off 7 percent of its workforce to cut costs.
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