LAS VEGAS, Oct. 1, 2012 /PRNewswire/ -- Shuffle Master, Inc.
(NASDAQ Global Select Market: SHFL) will formally unveil its new
company name – SHFL entertainment, Inc. – at its booth tomorrow
during the Global Gaming Expo (G2E) in Las Vegas, NV.
(Logo:
http://photos.prnewswire.com/prnh/20121001/LA83864LOGO)
SHFL entertainment CEO, Gavin
Isaacs, will discuss the new name to investors during the
UBS and Deutsche Bank Gaming Investment Forum this afternoon.
During the presentation, Isaacs will emphasize how the new name
incorporates the Company's mission and its impact in the casino
gaming industry.
"We have built a solid reputation over the past 30 years as a
leading provider of casino gaming solutions to our customers all
over the world. We believe that our image and name should pay
homage to our roots, while at the same time encompass who we are
today and accurately reflect all that we have to offer now and in
the future," said Isaacs. "We are truly an entertainment company,
providing products that encourage and support a dynamic gaming
experience for players and innovative solutions for our
customers."
According to Isaacs, "The 'SHFL' part pays tribute to the name
of the Company chosen by our founder, John
Breeding, and the Company's legacy product, card shufflers.
'SHFL' is the Company's NASDAQ ticker symbol, which was selected by
the Company when it was publicly listed, an important milestone in
our history. 'Entertainment' embodies what we provide to the
industry with our expanded product lines, namely proprietary table
games, e-tables, slot machines, utility products, and iGaming
solutions."
Isaacs also cited SHFL entertainment's broad and expanding
portfolio of content, its entrance into new markets and new
verticals like iGaming, and the Company's financial stability. In
September, SHFL entertainment announced recurring revenue growth
for the fifteenth consecutive quarter and zero net debt for the
first time in eight years.
The Company will operate as SHFL entertainment, effective
immediately. The Company's previous website (www.shufflemaster.com)
will forward to the new site (www.shfl.com), as will all
shufflemaster.com email addresses.
About SHFL entertainment
SHFL entertainment is a leading global gaming supplier committed
to making gaming more fun for players and more profitable for
operators through product innovation, and superior quality and
service. The Company operates in legalized gaming markets across
the globe and provides state-of-the-art, value-add products in five
distinct categories: Utility products, which include automatic card
shufflers and roulette chip sorters; Proprietary Table Games, which
includes live games, side bets and progressives; Electronic table
Systems, which include various e-table game platforms; Electronic
gaming machines, which include video slot machines; and newly
introduced iGaming, which features online versions of SHFL
entertainment's table games, social gaming, and mobile
applications. The Company is included in the S&P Smallcap 600
Index. Information about the Company and its products can be found
on the Internet at www.shfl.com, or on Facebook, Twitter and
YouTube.
Forward Looking Statements
This release contains forward-looking statements within the
"safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. All statements included in this release other
than statements that are purely historical are forward-looking
statements. Forward-looking statements in this press release
include, without limitation: our anticipation that our name change
will be accepted by the gaming industry and will not cause undue
confusion or disruption; our expectation that our products will
perform as they are designed to do and to and will meet the
profitability, performance and innovation expectations;; and our
strategy and ability for innovation and exploitation of our brands
and intellectual property across all of our product lines. Our
beliefs, expectations, forecasts, objectives, anticipations,
intentions and strategies regarding the future, including without
limitation those concerning expected operating results, revenues
and earnings are not guarantees of future performance and are
subject to risks and uncertainties that could cause actual results
to differ materially from results contemplated by the
forward-looking statements, including but not limited to:
unanticipated confusion relating to the change of our name in
domestic and international markets in which we operate; our
unanticipated inability to accomplish our innovation objectives or
our inability to accurately gauge the commercial appeal of our
products; and unexpected changes in the market and economic
conditions and reduced demand for or increased competition with
SHFL entertainment's products.
SHFL and SHFL entertainment are trademarks owned by SHFL
entertainment.
SOURCE SHFL Entertainment