Bally Technologies Plans to Launch Modified Dutch Auction Tender Offer to Purchase up to $400 Million of Its Common Stock

Bally Technologies, Inc. BYI announced today its plan to launch a modified “Dutch auction” tender offer to purchase shares of its common stock. Bally will offer to purchase up to $400 million in value of its common stock at a price not greater than $40.00 nor less than $34.50 per share. The tender offer is expected to commence tomorrow, April 8, 2011, and expire at 5 p.m. New York City time, on Friday, May 6, 2011, unless extended. In accordance with the rules of the Securities and Exchange Commission, Bally may increase the value of shares purchased in the offer and thereby increase the number of shares accepted for payment in the offer by no more than 2 percent of the outstanding shares without amending or extending the tender offer.