LAS VEGAS, April 29, 2013 /PRNewswire/ -- SHFL
entertainment, Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or
the "Company") announced today that it has begun the installation
of its Video Lottery Terminals ("VLTs") in New York.
(Logo:
http://photos.prnewswire.com/prnh/20121008/LA88315LOGO)
"Our first big rollout of VLTs in such an important market as
New York is very exciting," said
Gavin Isaacs, Chief Executive
Officer for SHFL. "This is only the beginning of what we hope to be
a very promising future for our slot machine segment in
the United States."
The rollout was made possible through a November 2012 agreement between SHFL and SPIELO
International USA, LLC ("SPIELO
International"). SPIELO International, which has been licensed to
provide VLTs, content and services to the New York State Division of Lottery since 2003,
will be leasing the VLTs from SHFL and providing technical support
for those products as part of a three-year agreement with SHFL,
including options for two extensions of two years each.
By the time the rollout out is complete, which will take place
over the next few weeks, SHFL will have installed 112 of its
Equinox cabinets in five of the nine New York VLT
facilities. The facilities include: Hamburg Casino at the
Fairgrounds, Finger Lakes Casino and Racetrack, Saratoga Casino and
Raceway, Empire City Casino at Yonkers Raceway, and Resorts World
Casino New York. This initial rollout features three of SHFL's
unique slot themes: Eureka Gold Mine,
Chomp!, and Cats, Hats, and Bats.
About SHFL entertainment, Inc.
SHFL
entertainment, Inc. 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'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 and Twitter.
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 the future for our slot machine
segment in the U.S. is promising and that these products and our
game titles will be accepted in this market, will be commercially
successful and will be received and in-demand by casinos and their
customers; our anticipation that SPIELO International will extend
our agreement for both of the extension terms, or at all; our
expectation that we will accomplish the rollout of our VLTs in
New York as anticipated and
thereafter our products will perform as they are designed to do and
to and will meet our profitability, performance and innovation
expectations; our belief that the requirements of our privileged
licenses will not be changed, altered or revoked in a manner that
would impact our ability to conduct our business or market our
products as currently conducted or as we anticipate doing so. 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:
unexpected changes in the market and economic conditions and
reduced demand for or increased competition with our slot machine
products; SPEILO International's unilateral decision to not extend
our agreement pursuant to its terms; our unanticipated inability to
accomplish our innovation objectives or our inability to accurately
gauge the commercial appeal of our products; unanticipated changes
in the laws, rules or regulations governing gaming and the
regulation of gaming in all markets.
SOURCE SHFL entertainment