May 5, 2011 - Westminster, MD
The Barbour Group Hits Jackpot on Bonding Solutions for Bally Technologies for Maryland Video Lottery Services and Slots Bonding Contract
International Gaming Systems King Relies On Fortune 1000 Experience of Woman-Owned Brokerage to Meet Fidelity and Surety Bonding Needs at Multiple Gaming Facilities in MD
Bally Technologies, Inc., a leading international gaming systems and gaming device manufacturer, has teamed with The Barbour Group, a woman-owned surety bond brokerage based in Maryland, to provide fidelity and surety bonds for gaming equipment and services provided under the State of Maryland’s Video Lottery and Slots Contract.
Bally’s Risk Management Controller Scott Edgeworth selected The Barbour Group for its passionate approach in meeting a wide range of bonding needs for Fortune 1000 companies.
Edgeworth was even more impressed after The Barbour Group team tackled the state’s complicated bonding proposal. Said Edgeworth, “It was a hard proposal to navigate, but Karen and her people knew precisely how to interpret the pages and pages of documentation and bonding requirements.”
“This was the first time that the State of Maryland had issued this type of requirement,” said Barbour. “Not only did we demonstrate the know-how needed to navigate the complexities of this proposal, but we were also able to tap into our established relationships with key state procurement officials to ensure open communication and, ultimately, the best possible fit with their contractual goals.”
Once Bally had secured the contract, The Barbour Group quickly demonstrated its ability to provide the bonds needed at each project location to back Bally’s performance. “They did an excellent job working with one of the largest surety bond providers in the industry,” said Edgeworth. “The Barbour Group has good relationships with key surety bond companies.”
By partnering with The Barbour Group, Bally was also able to meet the Minority Business Enterprise (MBE) requirements of this state contract. With sites in Cecil County (Perryville) and Worcester County (Berlin), this is the first project in the state’s gaming market to include a MBE requirement for the performance, payment and fidelity bonding needed by the supplier of slot machines and video lottery terminals at these locations.
“When all is said and done, what we like best about partnering with The Barbour Group to meet the bonding requirements on this state contract is that they bring the agility and passion of a small firm combined with big firm expertise and resources,” said Edgeworth.
About Bally Technologies, Inc.
With a history dating back to 1932, Las Vegas-based Bally Technologies designs, manufactures, operates and distributes advanced gaming devices, systems and technology solutions worldwide. Bally’s product line includes reel-spinning slot machines, video slots, wide-area progressives, and Class II, lottery and central determination games and platforms. As the world’s No. 1 gaming-systems company, Bally also offers an array of casino management, slot accounting, bonusing, cashless and table management solutions. For more information, please contact Laura Olson-Reyes, Director of Corporate Communications, at 702-584-7742, or visit http://www.ballytech.com.