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BYI bags the Trop

Late last week, Bally’s announced another systems win.  At end of this month, Bally’s will be installing Bally’s CMS/400 player-tracking and marketing system along with Bally’s Business Intelligence Solutions at Tropicana Las Vegas. Bally’s system will be replacing a “home grown” system rather than a competitor’s product.  Tropicana Las Vegas has about 1,400 slots and we estimate that the system will yield roughly $4MM of revenues and $0.03 of EPS for BYI.  Recurring revenues should be in the ballpark of $750k of revenues per year with EPS of a little less than 1 cent.