8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act OF 1934

Date of report (Date of earliest event reported): March 17, 2011

BALLY TECHNOLOGIES, INC.

(Exact Name of Registrant as Specified in Charter)

Nevada	001-31558	88-0104066
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

6601 S. Bermuda Rd. Las Vegas, Nevada	89119
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code:  (702) 584-7700

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 17, 2011, Bally Technologies, Inc. (the “Company”), announced that the Board of Directors expanded the size of the Board from five to seven directors and appointed Mr. W. Andrew McKenna and Ms. Josephine Linden to fill the two newly created vacancies, effective April 1, 2011.  Mr. McKenna and Ms. Linden’s terms will end at the Company’s 2012 and 2013 Annual Meetings of Shareholders, respectively.  Mr. McKenna and Ms. Linden, each an independent director, will serve as members of the Audit Committee.  Mr. McKenna and Ms. Linden will each participate in the Company’s compensation program for non-management directors, which is described in detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on October 22, 2010 (the “Proxy Statement”).  The description of the compensation program is included under the heading “Director Compensation” and is incorporated herein by reference.  Biographical information regarding Mr. McKenna and Ms. Linden is included in the press release filed herewith as exhibit 99.1 and such information is incorporated herein by reference.

The Company also announced that, effective as of March 30, 2011, Mr. Ramesh Srinivasan, Executive Vice President, Systems, will be promoted to serve as the Company’s President and Chief Operating Officer.  Mr. Gavin Isaacs, the Company’s current Chief Operating Officer, will be leaving the Company to become the Chief Executive Officer of ShuffleMaster, Inc.  Mr. Srinivasan’s compensation is described in the Proxy Statement under the heading “Executive Compensation”.

Mr. Srinivasan, age 50, joined the Company in March 2005 as Executive Vice President of Bally Systems.  Mr. Srinivasan is currently responsible for the Company’s worldwide Systems business including sales, product management, product development, implementation and professional services and customer support.  From 1998 to 2005, Mr. Srinivasan held several positions including Executive Vice President of Warehouse Management Systems at Manhattan Associates, Inc., a global leader in software solutions to the supply chain industry.

Item 9.01               Financial Statements and Exhibits.

(d)           Exhibits

99.1Press Release dated March 17, 2011.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BALLY TECHNOLOGIES, INC.
By:	/s/Mark Lerner
	Mark Lerner
	Senior Vice President, General Counsel and Secretary
Dated: March 18, 2011

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EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Investor Contact: Michael Carlotti	Media Contact: Laura Olson-Reyes
Vice President of Treasury and Investor Relations	Director of Corporate Communications
(702) 584-7995	(702) 584-7742
MCarlotti@ballytech.com	LOlson-reyes@ballytech.com

RAMESH SRINIVASAN PROMOTED TO PRESIDENT AND CHIEF
OPERATING OFFICER OF BALLY TECHNOLOGIES

Company appoints new board members W. Andrew McKenna and Josephine Linden

LAS VEGAS, March 17, 2011 — Bally Technologies, Inc. (NYSE: BYI), a leader in slots, video machines, casino-management, and networked and server-based systems for the global gaming industry, today announced the promotion of Ramesh Srinivasan to President and Chief Operating Officer.

Srinivasan will be responsible for all of Bally’s worldwide games, systems, and server-based solutions, as well as customer service, reporting to Chief Executive Officer Richard Haddrill.  Srinivasan joined Bally in 2005 as Executive Vice President of Bally Systems.  Under Srinivasan, Bally Systems has become the clear market leader, positioning Bally to capitalize on the convergence of the games and systems businesses as well as emerging mobile and web-based gaming platforms.

Gavin Isaacs, the Company’s Chief Operating Officer for the past four years, will depart Bally effective March 30 to join Shuffle Master, Inc. (NASDAQ Global Select Market: SHFL) as its Chief Executive Officer.

“Ramesh Srinivasan has been a terrific business partner for more than 11 years across two companies, and I am confident that his outstanding track record of success will continue in these new responsibilities,” said Richard Haddrill, Chief Executive Officer of Bally Technologies. “Gavin Isaacs has been an important part of our success at Bally, and we wish him well at Shuffle Master.”

Bally Technologies also announced that Bryan Kelly, who has been leading Bally’s Innovation Lab and has been integral to many of the Company’s recent breakthrough technologies, has been promoted to Senior Vice President of Technology and will continue to lead Bally’s technology innovation efforts as well as networked gaming, reporting to Richard Haddrill.

The Company promoted Derik Mooberry to Senior Vice President of Products and Operations, reporting to Ramesh Srinivasan, capitalizing on Mooberry’s leadership experience in both Bally Games and Systems’ organizations.

Robert (Bob) J. Parente, who joined Bally in 2009, has been promoted to Vice President and Managing Director of Canada to lead all of Bally’s activities in this growing gaming market.

Bally also announced that John Connelly, who previously served as the Company’s Vice President of International, will rejoin as Vice President of Business Development with responsibility for new markets, partnerships, and acquisition activities, reporting to Richard Haddrill.

Senior Vice President Bruce Rowe will continue his responsibilities as the executive responsible for Bally’s strategic direction.

Bally Welcomes New Board Members

In other news, the Company announced the appointments of Josephine Linden and W. Andrew McKenna to its Board of Directors.

Linden is an Adjunct Professor in the Finance department of Columbia Business School and also currently serves as the Treasurer and a Trustee for the Collegiate School and is also a member of the Council on Foreign Relations. In addition, she serves as the financial advisor for HRH, the Prince of Wales Foundation, and is a member of the Advance Australia Global Advisory Board. She recently retired from Goldman Sachs as a Partner and Managing Director after being with the firm for more than 25 years, where she held a variety of roles, including Regional Manager of the New York office for Private Wealth Management, head of Global Equities Compliance, and an Advisor to GSJBWere, Australia.

McKenna currently serves as a member of the Board of Directors and Audit Committee Chair of AutoZone, Inc. as well as Chairman of the Supervisory Board of Georgia BioMass, LLC. He previously served as Lead Director and Audit Committee Chair for Danka, Inc. and President and Member of the Board of Directors of SciQuest.com Inc. Prior to that, McKenna held various positions with The Home Depot Inc., including Senior Vice President of Strategic Business Development, Divisional President, and Chief Information Officer, and he spent 16 years at Deloitte Touche Tohmatsu International, the last 10 years as Partner.

“We are fortunate to have such a broad and deep senior management team and excited about Josephine and Andy joining our Board of Directors,” said Kevin Verner, Bally’s Chairman of the Board. “With the recent extension of Richard Haddrill as Chief Executive Officer, and the technology direction of the future of gaming, these changes and additions will serve our shareholders well in the years ahead.”

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, and Class II, lottery and central determination games and platforms. As the world’s No. 1 gaming-systems company, Bally also offers an array of casino management, slot accounting, bonusing, cashless and table management solutions. For more information, please contact Laura Olson-Reyes, Director of Corporate Communications, at 702-584-7742, or visit http://www.ballytech.com.

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. —