It also survived several controversies and disputes among investors. Over 90 years of Bally Gaming’s history is filled with shifts in ventures and owners. He stepped down a decade after due to allegations of links to organized crime. O’Donnell took charge in 1963 and revived Bally Gaming.
In 1958, Raymond Maloney died, which brought the company to a 5-year descent into impending bankruptcy.Pinballs were illegal during WWII, forcing Bally to manufacture airplane parts and munitions to stay afloat.The company’s name was from a colorful humor magazine, which inspired Bally’s first machine, Ballyhoo.Raymond Maloney founded Bally Manufacturing Corporation in 1932.
