Tag: shfl entertainment
SHFL Entertainment (Asia) Limited Acquitted by Macau Court
From PR Newswire – SHFL entertainment, Inc. (NASDAQ Global Select Market: SHFL) (“SHFL” or the “Company”) has announced today that SHFL entertainment (Asia) Limited (“SHFL Macau”) has been acquitted by the Macau First Instance Court in a case brought against SHFL Macau, following a complaint made by Jay Chun alleging a violation of a patent allegedly related to terminal betting on live baccarat. “We are very pleased that the Court has found no patent infringement by SHFL Macau. We have consistently maintained that our Rapid Baccarat solution does not infringe Mr. Chun’s patent,” said Ken Jolly, SHFL Macau’s Executive Vice…
Bally Technologies $1.3 Billion Deal for SHFL Entertainment
Bally Technologies has agreed to acquire SHFL Entertainment, a maker of casino games, for nearly $1.3 billion in cash. Formerly known as Shuffle Master, SHFL makes products like automatic card shufflers and roulette chip sorters, as well as proprietary table games and electronic gambling machines. The company, based in Las Vegas and founded in 1983, went public in 1992. In its most recent quarter, about 45 percent of its revenue came from Australia and Asia. Bally is paying $23.25 a share, which represents a premium of 24 percent over SHFL’s closing price on Monday and a premium of 37 percent…
SHFL Entertainment games go live with GameAccount Network
From iGaming Business Global gaming supplier SHFL Entertainment Incorporated has announced that some of its most popular proprietary table games have been integrated onto the GameAccount Network online platform and are now taking real-money bets. Las Vegas-based SHFL Entertainment signed an agreement with GameAccount Global Limited in early-February to offer online versions of its Three Card Poker, Ultimate Texas Hold’Em and Fortune Pai Gow Poker to iGaming operators in the United Kingdom, Italy and Spain via the GameAccount Network and has since been waiting on the necessary regulatory approvals. “The go-live of our online games is a significant milestone for…
How SHFL Entertainment Aims to Reap Casino Riches
From Daily Finance On Tuesday, SHFL Entertainment will release its latest quarterly results. The company formerly known as Shuffle Master faces a huge opportunity in the rapidly evolving gaming market, but it will have to work hard to cash in. SHFL Entertainment makes a variety of products that casinos use, ranging from its namesake Shuffle Master card-shuffling devices, to tracking devices designed to analyze table-game play and detect potential fraud. As the industry moves toward more electronic gaming, however, the company has also seen success in its electronic table systems and other related machines. Let’s take an early look at…
SHFL & Evolution Team Up for Casino Table Games
In a new partnership with SHFL Entertainment, Evolution Gaming will now have access to the rights to offer many of SHFL’s specialty casino table games titles into its online live casinos. Recently, Mr Green partnered with Evolution Gaming to add its online live dealer casinos to the Swedish operators catalog of casino table games. This exciting partnership will bring together the world’s leading provider of video-streamed live dealer gaming solutions, (Evolution) and one of the industries biggest manufacturer of shuffling machines, table games, slot machines, SHFL Entertainment. “We are thrilled to be working with Evolution,” said Lou Castle, Chief Strategy…
SHFL Entertainment reports record revenues
From iGaming Business Global gaming supplier SHFL Entertainment Incorporated has released its financial results for the three months to the end of April showing that its total revenues for the period grew by 17 percent year-on-year to reach a record $77.4 million. Las Vegas-based SHFL Entertainment stated that its utility, electronic gaming machine and proprietary table games businesses ‘all saw double-digit growth over the same period last year’ while recurring revenues grew by eight percent year-on-year to $31.2 million. SHFL Entertainment revealed that quarterly net income improved by 22 percent year-on-year to a record $11.8 million while its gross margin,…