The machine accepts tokens and has features such as an LCD screen, music and extra reels, which enhances the standard reel play. The spin knob on a Pachislo machine is located on the front of the cabinet –instead of a handle on the side on a traditional slot machine. These machines are used, but have been re-conditioned in Japan. Slot machines in the 40s and 50s were only able to accept one coin at a time, and consequently were only able to pay out a certain maximum jackpot. These gorgeous classics were rendered obsolete by the 1970s, when multiple-coin machines with automatic hoppers were able to.
Industry | Interactive entertainment |
---|---|
Fate | Acquired by Hilton |
Founded | January 10, 1932; 88 years ago |
Founder | Raymond Moloney |
Defunct | December 18, 1996; 23 years ago |
Headquarters | Chicago |
Products | Pinball slot machines later expanded into casinos, video games, health clubs, and theme parks |
Bally 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. It was acquired by Hilton Hotels in 1996. Its brand name is still used by several businesses previously linked to Bally Manufacturing, most notably Bally Technologies.
- 1History
- 3Pinball machines using the Bally brand
History[edit]
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. The company took its name from its first game, Ballyhoo. The company, based in Chicago, quickly became a leading maker of the games. 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. 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. They also designed and manufactured vending machines and established a coffee vending service. The company made a brief venture into the music business with their own record label, Bally Records.[1]
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.', Bally became a publicly traded company and made several acquisitions, including German company Guenter Wulff-Apparatebau (renamed Bally Wulff) and Midway Manufacturing, an amusement game company from Schiller Park, Illinois.
The 1970s[edit]
In the late 1970s, Bally entered the casino business when New Jersey legalized gambling in Atlantic City. 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 strenuously denied any such links.[2] For example, when questioned at the Moffitt Royal Commission (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 Catena (Gerardo Catena), once owned shares in the business, 'but I bought him out.'[2] He also denied knowing Chicago mobster, Joseph Dan Testa, even though Australian Police described Testa 'as a representative of Bally who visited Australia.'[2]
The company opened the Park Place Casino & Hotel on December 29, 1979.[3][4] Also in the late 1970s, Bally made an entry into the growing market for home computer games. The Bally Professional Arcade, as 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 BASIC language), and record their creations on cassette tape. The machine's price point was above the Atari 2600 (its major competitor), and 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 video game maker and obtained the licenses for three of the most popular video games of all time: Space Invaders, Pac-Man and Ms. Pac-Man.[3]
The 1980s[edit]
By the mid-1980s, the company again had a strong balance sheet and began buying other businesses including the Six Flags amusement park chain in 1983, and the Health and Tennis Corporation of America. The health club division, under 'Bally Total Fitness', grew during the 1980s and 1990s. The company also purchased several casinos, including the MGM Grand Hotel and Casino on the Las Vegas Strip (which was subsequently re-branded as Bally's Las Vegas), The MGM Grand Reno (Reno, NV) and the Golden Nugget Atlantic City 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 Williams Electronics in 1988.
The 1990s[edit]
In 1990, Bally came under new management as its largest shareholder, Arthur Goldberg, was appointed chairman and began a restructuring process.[5] 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 lottery equipment; Bally's Reno; and exercise equipment maker Life Fitness.[6] The Aladdin's Castle chain of video arcades was sold that year to Namco, and was renamed as Namco Cybertainment.
The company opened Bally's Saloon & Gambling Hall, a riverboat casino in Mhoon Landing, Mississippi in December 1993.[7][8] It was moved to Robinsonville in 1995 and became part of a joint venture with Lady Luck Gaming.[9]
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.[10][11] It also announced that the health club business would be spun off to shareholders, to further narrow Bally's focus on casinos.[11] The spin-off was completed in January 1996, with Bally Total Fitness becoming a separate company.[12][13]
In May 1995, Bally Entertainment announced plans to develop Paris Las Vegas, a new casino hotel next to Bally's Las Vegas. The project would eventually begin construction in 1997 and open in 1999 at an estimated cost of $760 million.
In June 1996, Bally agreed to be acquired by Hilton Hotels Corporation.[14] The sale was completed on December 18, 1996, with Hilton paying $3 billion ($2 billion in stock plus $1 billion in assumed debt).[15] Later, Hilton's casino division, including the former Bally properties, was spun off as Park Place Entertainment (later Caesars Entertainment, Inc.), which was acquired in 2005 by Harrah's Entertainment (now Caesars Entertainment Corp.).
The name[edit]
Many casinos and businesses worldwide took on the Bally name and logo in the maze of ownership, division spin-offs and licensing agreements. Midway continued to use the Bally name for its pinball games, until WMS Industries (the parent company of Williams) ceased pinball production in 1999. On March 31, 2005, WMS Industries struck a deal with Australian company The Pinball Factory to give them a license for the intellectual properties and the rights to re-manufacture former Bally/Williams games in the field of mechanical pinball. 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 Technologies. 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, 'Pinball Wizard' in the rock operaTommy and its soundtrack.
Pinball machines using the Bally brand[edit]
Select machines developed by Bally or Bally-Midway[edit]
- Amigo (1974)
- Ballyhoo (flipperless) (1932)
- Bally Baby (slot machine) (1932)
- Ballyhoo (flippers) (1947)
- Baby Pac-Man (1982)
- Blackwater 100 (1988)
- BMX (1982)
- Boomerang (1974)
- Bow and Arrow (1974)
- Capersville (1967)
- Captain Fantastic and The Brown Dirt Cowboy (1976)
- Centaur (1981) & Centaur II (1983)
- Cybernaut (1985)
- Dixieland (1968)
- Dogies (1968)
- Dungeons & Dragons (1987)
- Eight Ball (1977)
- Eight Ball Deluxe (1981)
- Evel Knievel (1977)
- Fathom (1981)
- Flash Gordon (1981)
- Fireball (1972)
- Fireball II (1981)
- Freedom (1976)
- Four Million B.C. (1971)
- Frontier (1980)
- Future Spa (1979)
- Gator (1969)
- Hi-Lo Ace (1973)
- Hokus Pokus (1975)
- KISS (1979)
- Lady Luck (1986)
- Lost World (1978)
- Mata Hari (1977)
- Monte Carlo (1973)
- Night Rider' (1977)
- Nip-It (1972)
- Nitro Ground Shaker (1978)
- Odds and Evens (1973)
- On Beam (1968)
- Mr. & Mrs. Pac-Man (1982)
- Paragon (1979)
- Playboy (1978)
- Power Play (1977)
- Shoot-A-Line (1962)
- Sky Divers (1964)
- Strange Science (1986)
- Strikes and Spares (1978)
- The Six Million Dollar Man (1978)
- Vector (1982)
- Wizard! (1975)
- Xenon (1980)
Developed by Midway[edit]
- The Addams Family (1992)
- Attack from Mars (1995)
- Black Rose (1992)
- Cactus Canyon (1998)
- The Champion Pub (1998)
- Cirqus Voltaire (1997)
- Corvette (1994)
- Creature from the Black Lagoon (1992)
- Doctor Who (1992)
- Dr. Dude and His Excellent Ray (1990)
- Eight Ball Champ (1985)
- Gilligans Island (1991)
- Harley-Davidson (Bally pinball) (1991)
- Indianapolis 500 (1995)
- Judge Dredd (1993)
- NBA Fastbreak (1997)
- The Party Zone (1991)
- Popeye Saves the Earth (1994)
- Radical! (1990)
- Revenge from Mars (1999)
- Safe Cracker (1996)
- Scared Stiff (1996)
- The Shadow (1994)
- Theatre of Magic (1995)
- Twilight Zone (1993)
- Who Dunnit (1995)
- World Cup Soccer (1994)
Developed by The Pinball Factory[edit]
The Crocodile Hunter Outback Adventure based on the wildlife documentary television series The Crocodile Hunter was in development by Australian pinball manufacturer The Pinball Factory under license from Bally. It was abandoned at the end of 2007 due to the death of the main character of the game, Steve Irwin, and never went into production.[16]
Slot machines[edit]
- Money Honey (1968)
- Big Top (1982)
- Jackpot Riot (1993)
- Blazing 7s (1993)
Casinos[edit]
Bally’s Atlantic City
What Happened To Mechanical Slot Machines Near Me
References[edit]
- ^'Bally Records'.
- ^ abc'Bally chief denies links with mafia'. The Age. 18 September 1973. Retrieved 8 October 2018 – via Google News.
- ^ abChristian Marfels; 2007, Bally: The World's Game Maker, 2nd ed., Bally Technologies Inc., Las Vegas ISBN978-1-4243-3207-6
- ^'Bally Manufacturing Corp'. Encyclopedia of Chicago. Retrieved 21 June 2007.
- ^P.J. Bednarski (November 13, 1990). 'Top exec quits as Bally revamps'. Chicago Sun-Times – via NewsBank.
- ^Debra Dowling (December 19, 1993). 'Goldberg whips Bally Gaming into shape'. The Star-Ledger. Newark, NJ – via NewsBank.
- ^Laurel Campbell (December 7, 1993). 'Adjacent casinos open in Tunica'. The Commercial Appeal. Memphis, TN – via NewsBank.
- ^'Bally's licensed to open in Tunica'. The Commercial Appeal. Memphis, TN. AP. December 4, 1993 – via NewsBank.
- ^Michelle Hillier (December 22, 1995). 'Bally's rolls upriver, reopens casino closer to Memphis crowds'. Arkansas Democrat-Gazette. Little Rock, AR – via NewsBank.
- ^Scott Ritter (March 18, 1994). 'Options help CEO's earnings'. The Star-Ledger. Newark, NJ – via NewsBank.
- ^ abDavid Dishneau (May 18, 1994). 'Bally gambling its games will outperform its gyms'. Akron Beacon Journal. AP – via NewsBank.
- ^'Bally spin-off final'. Chicago Sun-Times. January 10, 1996 – via NewsBank.
- ^Debra Dowling (September 19, 1995). 'Bally Entertainment pushing out its network of push-up centers'. The Star-Ledger. Newark, NJ – via NewsBank.
- ^Barry Meier (June 7, 1996). 'Hilton Hotels to buy Bally Entertainment for more than $2 billion'. Los Angeles Times. Retrieved 2019-03-14.
- ^Joe Weinert (December 19, 1996). 'Hilton and Bally close deal'. The Press of Atlantic City – via NewsBank.
- ^'Internet Pinball Machine Database: The Pinball Factory 'The Crocodile Hunter Outback Adventure''. www.ipdb.org.
- Galecki, Irek (2006), Slot Machines History, Online Casino Press, archived from the original on September 17, 2012, retrieved 2007-06-25
- Wilson, Mark R. (2005), 'Bally Manufacturing Corp.', Encyclopedia of Chicago, Chicago, Illinois: Chicago Historical Society, retrieved 2007-06-27
- Lawlor, Pat (1992), 'The Addams Family', Pinball Hall of Fame, Internet Pinball Database, retrieved 2007-06-25
Slot machine odds used to be easy to calculate. When you’re dealing with three reels, ten symbols on each reel, and a limited pay table, then it’s just a simple math problem. But the rise of electromechanical slot machines and (later) video slots added some complexity to the situation.
How Probability Works
Probability has two meanings. One is the likelihood of whether or not something will happen. The other is the branch of mathematics that calculates that likelihood. To understand the odds as they relate to slot machines (or any other gambling game), you have to understand the basic math behind probability.
Don’t worry though. The math isn’t hard. Probability involves addition, subtraction, multiplication, and division, all of which you learned in middle school.
The first principle of probability is that every event has a probability of between 0 and 1. If something has no chance of ever happening, then its probability is 0. If something will always happen, no matter what, then its probability is 1.
Probability is, therefore, always a fraction. It can be expressed in multiple ways, as a decimal, as a fraction, as a percentage, and as odds.
A simple example is a coin flip. The probability of getting heads when you flip a coin is 50%. That’s common sense, but how is it determined mathematically?
You simply take the total number of possible outcomes, and divide the outcome you’re trying to determine the probability of it by that number. There are two possibilities when flipping a coin, heads or tails, but only one of them is heads. That’s 1 divided by 2, which can be expressed as ½, 50%, 0.5, or 1 to 1 odds.
Odds are expressed as the number of ways something won’t happen versus the number of ways that something will happen. For example, if you’re rolling a single six-sided die, and you want to know the odds of rolling a six, you’re looking at 5 to 1 odds. There are five ways to roll something other than a six, and only one way of rolling a six.
When you want to determine the probability of multiple things happening, you use addition or multiplication, depending on whether you want to determine whether one OR the other event will occur, or whether you want to determine whether one event AND the other event will occur.
If you’re looking at an “OR” question, you add the probabilities together. If you’re looking at an “AND” question, you multiply the probabilities by each other.
So if you want to know what the probability of rolling two dice and having one or the other come up with a six, you add the probabilities together. 1/6 + 1/6 = 2/6, which is rounded down to 1/3.
Mechanical Slot Machines
If you want to know the probability of rolling two dice and having BOTH of them come up six, you multiply the probabilities. 1/6 X 1/6 = 1/36.
How Slot Machine Odds USED to Work
Early slot machines were mechanical devices. They had three metal reels that had ten possible stops each.
To calculate the odds of a single symbol appearing on a reel, you just divide the one symbol by the total number of potential outcomes. So if you had one cherry on a reel, your odds of hitting that cherry were 1/10, or 10%.
To calculate the odds of getting three cherries, you multiple 1/10 X 1/10 X 1/10 and get 1/1000, or 0.1%.
If the odds of hitting that symbol are the same as all the others, then you have 10 possible jackpots you can win, which means that your chances of winning SOMETHING are 10/1000, which is 1%.
Most people wouldn’t play a slot machine that lost 99 times out of 100, though, so slot machine designers added additional, smaller prizes for getting two symbols out of three for certain symbols. And as long as they paid out less in prizes than the odds of hitting those jackpots, then those slots are guaranteed to make a profit in the long run.
For example, if a prize for hitting three cherries was $1000, you’d be playing a break-even game, but if the prize were $750, it’s easy to see how the casino would be guaranteed a profit. The difference between the odds of winning and the payout odds is where the casino makes its money.
How Slot Machines Work Now
What Happened To Mechanical Slot Machines Without
Modern slot machines use a computer program called a random number generator to determine the outcomes of the various spins of the reels. This creates an imaginary reel with a number of symbols limited only by the program in question.
A mechanical slot machine with 256 symbols per reel would be huge, too large to play, much less to build. But a computer can create an imaginary reel with 256 symbols per reel and take up no more space than an iPod Shuffle.
To make things even more interesting and entertaining, slot machine designers can program different probabilities for each symbol to come up. Most symbols might come up once every 256 spins, but others might come up twice as often, while still others might only come up half as often.
This enables slot machine designers and casinos to offer slot machine games with far larger jackpots than they were able to when they were limited by mechanical reels. And they’re able to offer these large jackpots and still generate a healthy profit.
How Does This Relate to Payback Percentages?
The payback percentage is the amount of money that the slot machine is designed to pay out over an enormous number of spins. This number is almost always less than 100%. The difference between 100% and the payback percentage is the house edge, and that’s where the casino makes its profits.
What Happened To Mechanical Slot Machines For Sale
A simple example can help illustrate how this works. Suppose you have a slot machine with three reels with ten symbols on each, and it only pays out when three cherries hit. The odds of winning that jackpot, as we determined earlier, is 1/1000.
If we set the jackpot as $900, and charge $1 per bet, the payout percentage for that game will be 90%, or $900/$1000. Of course, no one would play a slots game which only paid out once in every 1000 spins, which is why there are various smaller payouts programmed in.
Bally Electro Mechanical Slot Machines
There’s no way to tell what the payback percentage on a particular game is unless you have access to the par sheet for that machine. Casino management has that information, but players never have access to that info.
The best slot machine odds are almost always found in real casinos. If you see slot machines in an airport or a bar, be aware that the payback percentages on those games is much lower than you’ll see in a real casino.