by Ray Poirier | A court victory won by Bally Technologies Inc. (BYI) over its competitor International Game Technology (IGT) hasn’t help its stock price at all.
At the close of trading on Monday, one share of BYI sold at $22.16, down $0.88 for the day. Of course the share price also reflects the lack of investor interest in nearly all gaming company shares since the economic downturn began.
Last week, a Nevada district court judge invalidated some of IGT’s player-tracking patents and upheld Bally’s iView interactive slot machine display.
Analysts were quick to point out that the court decisions should bode well for Bally Technologies since the patent disputes had weighed heavily on the company stock.