Bally Technologies Planning to Buy Dragonplay

Bally Technologies started producing land based slot machines all the way back in 1936, making them one of the oldest slot machines manufactures in the world.  Since the company originally launched they have become a worldwide gaming company that designs, manufactures and distributes land based and online games.

Bally Technologies has announced that they are planning on purchasing the social gaming company, Dragonplay.  Dragonplay owns and operates a social casino site that has a range of poker and casino games.  The company launched in 2010 and has generated a $10 million cash flow over their last company year. 

Bally Technologies is planning on finalising the takeover of Dragonplay in July 2014.  They will be paying them $51 in cash followed by a further $49 million over the course of the next 18 months.