This morning BYI announced that it won a new systems contract with Coushatta Casino Resort in Kindler, LA. BYI's ACSC Version 11 system will be replacing Arisotcrat's Oasis system. In addition to providing slot monitoring, marketing and accounting, BYI will also provide Coushatta with add on products like iView, Bally Power Bonusing, Bally Rewards, and Power Winners.
The installation is scheduled to take place by year end 2009, or BYI 2Q2010. We estimate that BYI will recognize $10-11MM at installation and recurring revenue of $2MM per year from this contract. In terms of earnings, BYI should generate one-time EPS of $0.08 and annual recurring EPS of $0.02.