LAS VEGAS, Feb. 4, 2013 /PRNewswire/ -- SHFL entertainment,
Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or the "Company")
has signed an agreement with GameAccount Network ("GAN") to have
SHFL's online gaming products integrated onto GAN's market leading
online gaming platform.
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Upon regulatory approval, the agreement will enable SHFL to
offer its online versions of popular proprietary table games such
as Three Card Poker, Ultimate Texas Hold'em, and Fortune
Pai Gow Poker to the growing portfolio of iGaming operators
using the GAN platform in the United
Kingdom, Italy, and
Spain.
"Integrating onto GAN is a tremendous opportunity for SHFL,"
said Gavin Isaacs, Chief Executive
Officer for SHFL. "Our proprietary table games are preferred by
many players in casinos all over the world and, with the rapidly
growing popularity of iGaming, players also want the option of
enjoying these games online. We believe GAN's robust platform and
established relationships with leading iGaming operators, coupled
with our suite of distinguished brands, will provide players with a
dynamic, high caliber online gaming experience."
"Working closely with SHFL to bring their unique table games
online in technically challenging regulated markets is a
privilege," said Dermot Smurfit,
Chief Executive Officer for GAN. "Our clients eagerly await the
launch of world-famous SHFL table game brands across our network of
iGaming operators."
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 LinkedIn.
About GameAccount Network
Established in 2002,
GameAccount Network is a leading gaming software and gaming
platform provider for regulated International, Spanish &
Italian operators seeking a fully integrated gaming solution
compatible with the technical requirements of the Alderney Gambling
Control Commission and the Italian regulator, AAMS. GAN's portfolio
of dynamic games attracts recreational and VIP gamers. GameAccount
Network has received awards from eGaming Review Magazine in 2006
for Innovation and in 2011 and 2012 for Skill Games Supplier of the
Year in recognition of success in Italy and Spain's newly regulated markets. GameAccount
Network's clients include many of Europe's leading gaming operators and leading
casino slot manufacturers. For more information please visit
www.GameAccountNetwork.com.
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 intellectual property is a
valuable asset of SHFL with intrinsic exploitable rights; our
expectation that our products will perform as they are designed to
do and to and will meet the profitability, performance and
innovation expectations; our anticipation that we will receive all
required regulatory approvals and launch the games on GAN in a
timely manner; our strategy and ability for innovation and
exploitation of our brands and intellectual property across all of
our product lines, including online and through licensing
arrangements; and our expectation that we will provide players with
a dynamic gaming experience. 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 challenges or dilution to our
intellectual property or our ability to use it; our unanticipated
inability to accomplish our innovation objectives or our inability
to accurately gauge the commercial appeal of our products;
unexpected delays in the receipt of our regulatory approvals or the
launch of our games; unexpected changes in the market and economic
conditions and reduced demand for or increased competition with
SHFL entertainment's products; and unexpected consumer response to
the products.