The company flourished in the 1980s and 1990s as a manufacturer and seller of arcade games, skill cranes and background music players, as well as various other amusement devices.

[5] Edmund Florimont previously worked with Ricci as co-owners of 200 arcades in New Jersey, as well as helping design electric shooting galleries for Disneyland and amusements for Bally.

Holland met Florimont in the mid-1970s; in 1980 they started True-Data, a computer design company that performed contract work for Zenith Data Systems.

[7] The company became a prominent manufacturer of skill cranes for which they also supplied stuffed toys,[8] while the coin-op games were provided pre-assembled or in kit form.

[10] Greyhound earned a sponsorship from Coors Light in 1988 for a Super Shot–esque mini-basketball game that they built for a pizza parlor in King of Prussia, Pennsylvania.

[14] Another Super Shot clone, Greyhound Basketball, was a popular attraction and won an AMOA Games Award at the 1990 Amusement Expo.

The shares reached a peak of $17.50 in October, up from $0.75 in July, but plummeted to $6.31 in November following a federal inquiry and subpoena of documents related to the company's trading.

[20] Greyhound was a notorious grey-market seller of its video poker machines,[3] with Ricci enlisting members of the Scarfo crime family of Philadelphia in the 1980s to help secure the company's products.

[22] Starting in 1985, Greyhound sold illegal video poker machines to numerous restaurants and bars in New Jersey, Pennsylvania, New York and California.

[24] The Scarfo family in turn protected Greyhound from competitors within the northeast and helped Ricci find additional "stops" (locations) for his machines.

Ricci sold directly to businesses within the Little Saigon district of Westminster, according to the Pennsylvania Crime Commission,[30] while a crime ring based in Las Vegas were reported to have illegally resold Greyhound's machines to the businesses within Garden Grove, according to a videotaped conversation between an undercover Garden Grove police officer and one of the ringleaders.

Police conducted raids on 37 Orange County and Los Angeles homes and businesses, as well as a woodcraft shop based in San Clemente, in March 1990.

Gambling in Indian reservations had been explicitly outlawed at the federal level by the Johnson Act of 1951, excepting bingo halls.

[36] In 1987, Ricci sold versions of its voucher-enabled video poker machines to the White Earth Nation, who owned a bingo hall on their reservation in Minnesota.

[43] Ricci, Petaccio and Cifelli were indicted in March 1991, the grand jury of New Jersey seeking forfeiture of the defendants' shares in Greyhound.

The state dropped the racketeering charges against Petaccio and Cifelli and sentenced them both to 18 months' probation for promoting gambling.

[45] Illegal Greyhound video poker machines were still in circulation during this time, with fifteen being traced to taverns in Wisconsin by state investigators in 1992.