Three new directors were added in November to the company's board as part of a settlement under discussion with the SEC, but by March 1981, regulators still had questions about the company's public disclosure, and trading in the stock was suspended for 10 days. Under scrutiny from the Nevada Gaming Commission, Solomon was forced to step down as chairman, as a condition of licensing for the casino. An obstacle arose in July 1980 in the form of an SEC investigation, alleging inadequate financial disclosure and sale of unregistered stock. Entry into gaming Īdvanced Patent made its move into the gaming industry in 1979, acquiring United Coin Machine Company, one of the largest slot route operators in Nevada, and announcing plans for the Colorado Belle hotel and casino in Laughlin, the first of a series of hotels to be built in the Las Vegas area.

It boasted a portfolio of over 80 patents, but generated considerable publicity for five in particular: an ultrasonic fluidic fuel system for combustion engines, an ultrasonic endodontics device, a 'louvered television screen', an ultrasonic meat tenderizer, and an ultrasonic dry cleaning machine. Its first 12 years were spent in the development stage. The company's stock was publicly offered the next year. History Advanced Patent Technology Īdvanced Patent Technology was founded in 1968 by Jack Solomon and Alvin Snaper, entrepreneurs who held patents in fields including medicine, optics, and electronics.

Today, Bally constitutes one of the three brands of Light & Wonder, along with WMS and Shuffle Master. Scientific Games (now Light & Wonder) acquired the company in 2014. In 2006, the entire company adopted the Bally name. It eventually changed its name to Alliance Gaming and in 1996 acquired Bally Gaming International, a former division of Bally Manufacturing. The company was founded in 1968 as Advanced Patent Technology. is an American manufacturer of slot machines and other gambling technology based in Enterprise, Nevada.

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