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==History==
The Bally Manufacturing Corporation was founded by [[Raymond Moloney]] on January 10, 1932, when Bally's original parent, Lion Manufacturing, established the company to make [[pinball]] games, taking its name from its first game, "Ballyhoo". The [[Chicago]]-based company quickly became a leading pinball maker. In the late 1930s, Moloney began making [[gambling]] equipment, and had great success developing and improving the mechanical [[slot machine]]s that were the core of the nascent gaming industry. After manufacturing munitions and airplane parts during [[World War II]], Bally Manufacturing Corporation continued producing innovations in flipperless pinball machines, bingo machines, payout machines and console slot machines through the late 1950s. They also designed and manufactured vending machines and established a [[coffee]] vending service.
Moloney died in 1958, and the company briefly floundered. With the financial failure of its parent company, Bally was bought out by a group of investors in 1963. Throughout the 1960s, Bally continued to dominate the slot machine industry, cornering over 90% of the worldwide market by the end of the decade. In 1964, Bally introduced the first electromechanical slot machine, "Money Honey." They became a [[public company|publicly traded company]], and in 1969 acquired [[Midway Games|Midway Manufacturing]], an amusement game company from [[Schiller Park, Illinois]].
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