It was only during the last few days of September that we were the first to tell you that ‘Planar’s Coolsign For Sale USD 20 Million‘ so it’s a big hats off (we suspect) to Needham & Company, LLC who have been handling the sale process.
Anyway, Planar has just sold the rights and business for the Coolsign Casino gaming market to Bally Technologies Inc effective immediately.
We don’t yet know the financial details and it looks like this is just a ‘partial sale’ – the deal looks like it ONLY pertains to ‘gaming market’ activities but the cash raised will be a welcome boost to Planar.
Bally describes itself as the Number 1 Gaming systems company…
Bally Technologies, Inc. is the leader in casino information systems. We invented the first slot data system in 1976, and we`ve been innovating ever since. Today, we offer a full complement of products to help you retain and reward customers, manage and forecast your finances, reduce risk, spot trends, and increase security. Our technology is sophisticated, stable, and flexible so you can take risk out of the equation.
Recognized as the industry systems leader with more than 400,000 machines and 550 casino, bingo, Class II, central determination and lottery locations worldwide — including more than 244 locations currently running Bally eTICKET™ on more than 272,000 slot machines — the Bally Systems product line offers slot machine cash monitoring, table management, cashless, accounting, security, maintenance, marketing, promotional and bonusing capabilities, enabling operators to accurately analyze performance and accountability while providing an enhanced level of customer service.
Among our customers we count such major corporate casinos as Harrah`s Entertainment, Las Vegas Sands, Trump Entertainment, Pinnacle Entertainment, Penn National Gaming, Mohegan Sun, Borgata, Foxwoods Resort Casino and many more. Our systems can be scaled to fit any size operation, and many small to mid-sized casinos around the world benefit from our robust technologies and support. There`s truth in numbers, and our numbers show that we`re leading the industry.
More information to come later AND it will of course be interesting to see what happens with the rest of Coolsign.