![]() In 1964, Bally introduced the first electromechanical slot machine, "Money Honey." They became a publicly traded company, and in 1969 acquired Midway Manufacturing, an amusement game company from Schiller Park, Illinois. ![]() Throughout the 1960s, Bally continued to dominate the slot machine industry, cornering over 90% of the worldwide market by the end of the decade. With the financial failure of its parent company, Bally was bought out by a group of investors in 1963. Moloney died in 1958, and the company floundered briefly. They made a brief venture into the music business with their own record label, Bally Records. They also designed and manufactured vending machines and established a coffee vending service. After manufacturing munitions and airplane parts during World War II, Bally Manufacturing Corporation continued to produce innovations in flipperless pinball machines, bingo machines, payout machines and console slot machines through the late 1950s. In the late 1930s, Moloney began making gambling equipment, and had great success developing and improving the mechanical slot machines that were the core of the nascent gaming industry. The company, based in Chicago, quickly became a leading pinball maker. The company took its name from its first game, "Ballyhoo". The Bally Manufacturing Corporation was founded by Raymond Moloney on January 10, 1932, when Bally's original parent, Lion Manufacturing, established the company to make pinball games. Its brand name, and mid-20th century pinball & slot machine logo, are still used by several businesses with some trademark rights, most notably Bally Technologies and Bally's Corporation. ![]() It was acquired by Hilton Hotels in 1996. Pinball, slot machines, later expanded into casinos, video games, health clubs, and theme parksīally Manufacturing, later renamed Bally Entertainment, was an American company that began as a pinball and slot machine manufacturer, and later expanded into casinos, video games, health clubs, and theme parks. ( Learn how and when to remove this template message) ![]() JSTOR ( November 2017) ( Learn how and when to remove this template message).Unsourced material may be challenged and removed.įind sources: "Bally Manufacturing" – news ![]() Please help improve this article by adding citations to reliable sources. This article needs additional citations for verification. ![]()
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