FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * HADDRILL RICHARD M   2. Issuer Name and Ticker or Trading Symbol BALLY TECHNOLOGIES, INC. [BYI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Executive Officer (Last) (First) (Middle) 6601 S. BERMUDA ROAD 3. Date of Earliest Transaction (Month/Day/Year) 02/22/2008 (Street) LAS VEGAS, NV 89119 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock, par value $.10 per share 02/22/2008   A   22,416 (1) A $ 0 (2) 717,607 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Options (Right to Buy)

$ 41.6

02/22/2008

A

50,000 (3)

(3)

02/22/2015

Common Stock, par value $.10 per share

50,000

$ 0 (2)

50,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HADDRILL RICHARD M 6601 S. BERMUDA ROAD LAS VEGAS, NV 89119	X		Chief Executive Officer

Signatures

/s/ Richard M. Haddrill		02/26/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Grant of restricted stock units pursuant to the Fourth Amendment to the Employment Agreement (the "Amendment") dated as of February 13, 2008, by and between Bally Technologies, Inc. (the "Company") and Richard Haddrill. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock, par value $.10 per share. Per the terms of the Amendment, the restricted stock units vest as follows: (i) 50% of shares on June 30, 2009 and (ii) 50% of shares on January 1, 2010, in each case subject to Mr. Haddrill's continuous employment as the Company's Chief Executive Officer through each such date.
(2)	Granted as compensation for services under the Company's Amended and Restated 2001 Long Term Incentive Plan.
(3)	Grant of options pursuant to the Amendment. Per the terms of the Amendment, the options vest as follows: (i) 16,667 shares on June 30, 2009; (ii) 16,667 shares on December 31, 2009 and (iii) 16,666 shares on June 30, 2010, in each case subject to Mr. Haddrill's continuous employment as the Company's Chief Executive Officer through each such date.

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