Wednesday February 10, 7:30 am Eastern Time
Company Press Release
SOURCE: Shuffle Master, Inc.
Shuffle Master's ACE Shuffler Receives Regulatory Approvals; Let's Make A Deal Submitted to Nevada Gaming Board
Company's Next Generation Product Approved by Nevada Gaming Control Board and GLI; Let's Make a Deal Begins Regulatory Review Process
MINNEAPOLIS, Feb. 10 /PRNewswire/ -- Shuffle Master, Inc. (Nasdaq: SHFL - news) today announced that the Company's next generation single deck shuffler product, the ACE(TM), has received approval from the Nevada Gaming Control Board and Gaming Laboratories, Inc. These approvals pave the way for the product to be marketed in twenty two North American gaming jurisdictions, with additional submissions awaiting approval in New Jersey, Mississippi and various international jurisdictions.
Joseph J. Lahti, Chairman and Chief Executive Officer of Shuffle Master, stated, ''We are very excited to begin the commercial roll-out of the ACE. It represents a significant technological leap over our current single deck product, and an opportunity for us to generate additional lease revenue. There are approximately 1,100 previously sold single deck units that will qualify for trade-in for ACE leases. Benefits to casinos include increased shuffling speed, improved security, reduced size and attractive design, programmability, and overall ease of use.''
In related news, the Company reported that during January it completed the first in-market test of its new continuous shuffler in a London casino. The product was also shown at the International Casino Exhibition and received an enthusiastic response from potential customers.
Separately, the Company reported that Let's Make A Deal(TM), the video slot game developed jointly with Bally Gaming, Inc., a wholly owned subsidiary of Alliance Gaming Corp., has been submitted to the Nevada Gaming Control Board for review and approval. ''The major development phase of Let's Make A Deal is done, and the product is now in the Nevada regulatory review process. We look forward to the commercial launch of this very exciting product,'' Lahti added.
Shuffle Master, Inc. is a gaming supply company specializing in providing innovative, high quality products and services to the casino industry, including card shuffling systems and other table gaming equipment, table games and video game software.
This report contains forward-looking statements that reflect risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: changes in the market penetration of the Company's products relative to the size of the available market for those products; changes in the level of acceptance of the Company's existing products; competitive advances; acceleration and/or deceleration of various product development and roll out schedules; consumer and industry acceptance of the Company's existing products in new jurisdictions and new products as introduced; higher than expected manufacturing, service, selling, administrative, product development and/or roll out costs; current and/or unanticipated future litigation; general economic conditions; regulatory and jurisdictional issues involving Shuffle Master, Inc. specifically, and the gaming industry in general; the relative financial health of the gaming industry both nationally and internationally; and other risks and factors described from time to time in the Company's reports filed with the Securities and Exchange Commission.
SOURCE: Shuffle Master, Inc.
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