Gaming equipment maker Bally Technologies Inc. (BYI) posted fiscal 2010 first-quarter results yesterday after the closing bell. The company recorded net income of $30.6 million, or 53 cents per share, compared to $30.3 million, or 52 cents in the year-ago period. The results matched the Zacks Consensus Estimate. Bally Technologies is a leading gaming systems company, which designs, manufactures, operates and distributes advanced gaming devices, systems and technology solutions worldwide. The company's product line includes reel-spinning slot machines, video slots, wide-area progressives and class II, lottery and central determination games and platforms. The company also offers casino management, slot accounting, bonusing, cashless and table-management solutions and also operates the Rainbow Casino in Vicksburg, Mississippi. The Las Vegas-based company’s sales slipped 17.2% year over year to $196.5 million. The decline was the results of weakness in North American gaming machine replacement market as customers continue to slash ...