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Bally Technologies
Bally Technologies, Inc. is an American manufacturer of slot machines and other gambling technology based in Enterprise, Nevada. It is owned by Light & Wonder. The company was founded in 1968 as Advanced Patent Technology. It eventually changed its name to Alliance Gaming and in 1996 acquired Bally Gaming International, a former division of Bally Manufacturing. In 2006, the entire company adopted the Bally name. Scientific Games (now Light & Wonder) acquired the company in 2014. Today, Bally constitutes one of the three brands of Light & Wonder, along with WMS and Shuffle Master. History Advanced Patent Technology Advanced Patent Technology was founded in 1968 by Jack Solomon and Alvin Snaper, entrepreneurs who held patents in fields including medicine, optics, and electronics. The company's stock was publicly offered the next year. Its first 12 years were spent in the development stage. It boasted a portfolio of over 80 patents, but generated considerable publicity for fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Division (business)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct Commercial law, legal entities for the purposes of taxation, regulation and Legal liability, liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally or otherwise distinct from it. The ''Houston Chronicle'' highlighted that the creation of a division "is substantially easier than developing subsidiaries. Because a division is an internal segment of a company, not an entirely separate enti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |