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Bally Technologies, Inc. Announces Leadership Transition

  Bally Technologies, Inc. Announces Leadership Transition

Business Wire

LAS VEGAS -- November 14, 2012

Bally Technologies,Inc. (NYSE: BYI)

Ramesh Srinivasan will become Bally Technologies' President and Chief
Executive Officer and Board Me ...

Ramesh Srinivasan will become Bally Technologies' President and Chief
Executive Officer and Board Member effective by December 31, 2012 (Photo:
Business Wire)

  *RAMESH SRINIVASAN PROMOTED TO PRESIDENT AND CHIEF EXECUTIVE OFFICER
  *RICHARD HADDRILL BECOMES CHAIRMAN OF THE BOARD
  *KEVIN VERNER TO BECOME LEAD INDEPENDENT DIRECTOR
  *COMPANY TO HOST CONFERENCE CALL TODAY AT 4:30 P.M. EST

Bally Technologies,Inc. (NYSE: BYI), a leader in slots, video machines,
casino management, interactive applications, and networked and server-based
systems for the global gaming industry, announced today that Ramesh Srinivasan
will become President and Chief Executive Officer and Board Member effective
by December 31, 2012.

Current Chief Executive Officer Richard M. Haddrill will become Chairman of
the Board. Haddrill joined Bally as Chief Executive Officer in 2004, after
serving as Chief Executive Officer of two successful public companies. Under
his leadership Bally has doubled revenues and increased the share price almost
four fold.

Haddrill commented, “Ramesh and I have been great business partners over the
past 13 years across two companies and these changes reflect the continued
natural evolution of our roles and responsibilities. We have built a deep
group of leaders at Bally and Ramesh has proven his ability to lead the team.”

Srinivasan joined Bally in 2005 as Executive Vice President of Systems and was
responsible for shaping Bally’s Systems business into the industry leadership
position. He was promoted to President and Chief Operating Officer in March
2011, assuming leadership for worldwide games, systems, and customer service.
Under Srinivasan, Bally has positioned itself well to capitalize on the
convergence of the games and systems businesses as well as emerging mobile and
iGaming platforms. Previously he was a senior executive at supply chain
software company, Manhattan Associates, Inc.

“I am honored to be the next President and Chief Executive Officer of Bally at
such an exciting time in our Company’s 80-year history,” Srinivasan said. “We
are on a very good track for the coming years. I am very enthusiastic about
the many opportunities I see to serve existing customers, expand our customer
base, continue to provide growth opportunities for our people and increase
shareholder value.”

Kevin Verner, current Chairman, said, “The Board of Directors is very pleased
with the direction of the Company and our succession planning process. We
value the strong executive team at Bally and the close working relationship
between Ramesh and Dick, which we expect to continue.”

The Company is hosting a conference call and webcast today at 4:30 p.m. EST
(1:30 p.m. PST). The conference call dial-in number is 877-261-8990 or
847-619-6441 (International); passcode “Bally.” The webcast can be accessed by
visiting BallyTech.com and selecting “Investor Relations.” Interested parties
should initiate the call and webcast process at least five minutes prior to
the beginning of the presentation. For those who miss this event, an archived
version will be available at BallyTech.com until December 14, 2012.

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, interactive
and mobile applications, and Class II, lottery, and central-determination
games and platforms. Bally also offers an array of casino management, slot
accounting, bonusing, cashless and table management solutions. For more
information, please contact Laura Olson-Reyes, Senior Director, Marketing &
Corporate Communications, at 702-584-7742, or visit http://www.ballytech.com.
Connect with Bally on Facebook, Twitter, YouTube and LinkedIn.

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.

                         – BALLY TECHNOLOGIES, INC. –

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Contact:

Bally Technologies,Inc.
Laura Olson-Reyes, 702-584-7742
Senior Director, Marketing & Corporate Communications
Lolson-reyes@ballytech.com
Michael Carlotti, 702-584-7995
Vice President of Treasury and Investor Relations
mcarlotti@ballytech.com
Mike Trask, 702-584-7451
Mobile: 702-330-6679
Corporate Communications Manager
MTrask@ballytech.com
 
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