Fortune Coin Company

Charles Fey was the first man to invent the slot machine, which is still regarded as one of the greatest landmarks in the history of slots. This golden era was ushered in the year of 1895, where the first slot machine with three dials in the color red. Fey worked extremely hard, with his innate passion and interest in machines, even further emboldened and encouraged by the success of the first machine, his factory continued to produce slot machines which were first placed in saloons and then in casinos and bars. With the appellation of the much revered ‘Liberty Bell’, the first slot machine came into being in 1899.

The Mills Novelty

Fey occupied the top spot for a considerable span of time, but the entry of Mills Novelty changed some things. Proffering a modification of the slot machine built by Fey, The Mills Novelty overtook the slot machine market very soon, and its reputation and popularity spread like wildfire.

The Operator Bell, which came out in 1910, had the distinction that it used fruits as symbols, and contained what were known as currency entries

Many subsequent modifications were made by the Mills company, the exterior of the jackpot machines and the usual slot machines underwent a change with the aim of bringing in and pleasing more players with the look. 1931 was the year when the head of the lion was first used. Finally, from the Roman head, the front of the Castle became majorly used in 1931.

Video Slots

Fortune Coin was the name of the company which first came out with a video slot machine, which it placed in Las Vegas casinos. Although not very popular and attractive since the initial years after its inception and implementation, the video slot machine also underwent many conversions, and transformations before it gained rapid and huge acceptance from the players. With the first black and white video machine that was built by Bally and came out in 1976, color was introduced to the videos, by the same company, ‘Fortune Coin’ itself.

William ‘sir’ Red was set be the next big man in the industry, during the 1970s. He sold the company called Nevada to Bally, Red somehow managed to regain his stature, and the story goes that he had the machines stolen on purchase price, thereby consequently retaining his rights over the video slot games. His new company called the A-1-Supply soon achieved cult status in the industry of video game manufacturing. It overtook companies like Nutting Enteprises, and ventured into the area of console machine manufacturing.