FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF 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 *   Isaacs Michael Gavin 2. Date of Event Requiring Statement (Month/Day/Year) 09/01/2006 3. Issuer Name and Ticker or Trading Symbol BALLY TECHNOLOGIES, INC. [BYI] (Last) (First) (Middle) 6601 BERMUDA ROAD 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP & COO 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) LAS VEGAS, NV 89119 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 Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Bally Technologies,Inc.Common Stock,$.10 par value per share 50,000 (1) D Â

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

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Options (Right To Buy)	  (2)	09/01/2016	Common Stock, $.10 par value per share	150,000	$ 15.73	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Isaacs Michael Gavin 6601 BERMUDA ROAD LAS VEGAS, NV 89119	Â	Â	  EVP & COO	Â

Signatures

Michael Gavin Isaacs		09/06/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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 pursuant to the Employment Agreement by and between Bally Technologies, Inc. (the "Company") and Michael Gavin Isaacs, dated as of June 19, 2006. Per the terms of the Employment Agreement, the restricted stock shall vest as follows: (i) 25,000 shares vest on September 1, 2008, (ii) 12,500 shares vest on September 1, 2009 and (iii) 12,500 shares vest on September 1, 2010, in each case subject to Mr. Isaacs' continuous employment as the Company's Executive Vice President and Chief Operating Officer through each such date.
(2)	Per the terms of the Employment Agreement, the 150,000 options shall vest in four equal installments of 37,500 options on the following dates: (i) September 1, 2007, (ii) September 1, 2008, (iii) September 1, 2009 and (iv) September 1, 2010, in each case subject to Mr Isaacs'; continuous employment as the Company's Executive Vice President and Chief Operating Officer through each such date.

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