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For its successor gaming company based in Las Vegas, see.
For the fitness chain, see.
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Find sources: — · · · · November 2017 Bally Manufacturing Industry Fate Acquired by Founded January 10, 1932 ; 87 years ago 1932-01-10 Founder Defunct December 18, 1996 ; 22 years ago 1996-12-18 Headquarters Products later expanded into,and Bally Manufacturing, later renamed Bally Entertainment, was an American company that began as a and manufacturer, and later expanded into casinos, video games, health clubs, and theme parks.
It was acquired by in 1996.
Its brand name is still used by several businesses previously linked to Bally Manufacturing, most notably.
The company took its name from its first game, Ballyhoo.
The company, based inquickly became a leading maker of the games.
In the late 1930s, Moloney began making equipment, and had great success developing and improving the mechanical that were the core of the nascent gaming industry.
After manufacturing munitions and airplane parts duringBally Manufacturing Corporation continued to produce innovations in flipperless bally bonanza slot machine machines, bingo machines, payout machines and console slot machines through the late 1950s.
They also designed and manufactured vending machines and established a vending service.
The company made a brief venture into the music business with their own record label.
Moloney died in 1958, and the company floundered briefly.
With the financial failure of its parent company, Bally was bought out by a group of investors in 1963.
Throughout the 1960s, Bally continued to dominate the slot machine industry, cornering over 90% of the worldwide market by the end of the decade.
In 1964, Bally introduced the first electromechanical slot machine in 1963, called the "Money Honey.
This effort moved forward even though the company was temporarily unable to attain a permanent license for the completed casino.
During this period, company head William T.
O'Donnell was forced to resign because of alleged links to organized crime.
Prior to this, Mr O'Donnell bally slot machine 742a denied any such links.
For example, when questioned at the the NSW Clubs Royal Commission - an investigation held New South Wales, Australia - on alleged criminal activities with US and Australian criminals, he admitted that Genovese Mafia boss, Jerry Catenaonce owned shares in the business, "but I bought him out.
Also in the late 1970s, Bally made an entry into the growing market for home computer games.
Theas the machine was called, had advanced features for the time.
These included a palette of 256 colors and the ability to play 4-voice music.
The machine also shipped with a cartridge that allowed users to do a limited amount of programming on the machine themselves using the languageand record their creations on cassette tape.
The machine's price point was above the Atari 2600 its major competitorand it had a much more limited set of available games.
Despite a loyal following, it failed to compete successfully.
During the 1970s and early 1980s, Midway became a primary source of income for Bally as it became an early arcade maker and obtained the licenses for three of the most popular video games of all time:and.
The health club division, under "", grew during the 1980s and 1990s.
The company also purchased several casinos, including the on the which was subsequently re-branded asThe and the which was branded Bally's Grand and then later "The Grand-A Bally's Casino Resort".
This expansion quickly took its toll on the company's finances, and Bally was soon forced to sell off several divisions, including Six Flags and Bally-Midway.
The pinball division, along with Midway, was acquired by in 1988.
By 1993, the company had sold off several divisions and used the proceeds to pay down debts, including the slot machine division which became Bally Gaming International, an independent company ; Scientific Games, a maker of equipment; ; and exercise equipment maker.
The Aladdin's Castle chain of video arcades was sold that year toand was renamed as.
The company openeda in in December 1993.
It was moved to in 1995 and became part of a joint venture with.
In 1994, the company changed its name to Bally Entertainment, to reflect its focus on the casino business and the fact that it no longer had any manufacturing operations.
It also announced that the health club business would be spun off to shareholders, to further narrow Bally's focus on casinos.
The spin-off was completed in January 1996, with Bally Total Fitness becoming a separate company.
In May 1995, Bally Entertainment announced plans to developa new casino hotel next to Bally's Las Vegas.
In Casino monthly bonus 1996, Bally agreed to be acquired by.
Later, Hilton's casino division, including the former Bally properties, was spun off as later Caesars Entertainment, Inc.
Midway continued to use the Bally name for its pinball games, until WMS Industries the parent company of Williams ceased pinball production in 1999.
In addition, The Pinball Factory also has bought the right to manufacture new games using the company's new hardware system under the Bally brand.
Alliance Gaming, which had bought Bally Gaming International in 1995, changed its name to.
Bally Total Fitness and distributor Bally France still use the same 'Bally' logo though any formal business relationships, as of June 2007, are coincidental.
The name is most well known for being in the song, "" in the and its.
It was abandoned at the end of 2007 due to the death of the main character of the game,and never went into production.
Retrieved 8 October 2018 — via.
Retrieved 21 June 2007.
Bednarski November 13, 1990.
Chicago Sun-Times — via NewsBank.
Newark, NJ — via NewsBank.
Memphis, TN — via Bally bonanza slot machine />December 4, 1993 — via NewsBank.
Little Rock, AR — via NewsBank.
Newark, NJ — via NewsBank.
AP — via NewsBank.
January 10, 1996 — via NewsBank.
Newark, NJ — via NewsBank.
The Press of Atlantic City — via NewsBank.
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