LAS VEGAS, Aug. 6, 2013 /PRNewswire/ -- SHFL entertainment,
Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or the "Company")
announced today it has signed an agreement to provide its
proprietary table games to mobile gaming platform provider oneLIVE
inc ("oneLIVE").
(Logo:
http://photos.prnewswire.com/prnh/20121008/LA88315LOGO)
Under this agreement, oneLIVE will receive rights to develop and
offer many of SHFL's proprietary table game titles, such as
Three Card Poker, Let It Ride and Ultimate Texas
Hold 'Em on oneLIVE's easyPLAY™ mobile gaming platform.
easyPLAY™ allows commercial, tribal and cruise ship casinos, card
rooms and racetracks to televise their own floor dealers live in
HDTV to players throughout their property, onboard their ships or
online to mobile devices in regulated markets. The easyPLAY™
casino-grade system allows casinos to set up individual, secure
player accounts for real money gambling with no change to existing
operations. Online payment processors are also supported.
"We are excited for our renowned proprietary table games to be
offered on oneLIVE's easyPLAY™ live dealer gaming platform," said
Lou Castle, Chief Strategy Officer
for SHFL. "We believe that this agreement aligns very well with our
objective of expanding the reach and accessibility of our online
content by giving casino patrons the option to gamble away from the
gaming table."
Michael Jabara, Chief Executive
Officer for oneLIVE, added, "Mobile use by people in every country
is growing exponentially. easyPLAY™ brings the live action
excitement of the gaming floor and the well-known brands of casino
customers into the hands of casino patrons globally, whether at the
pool, on deck, or in-room. As the only US-based company to
focus exclusively on live dealer mobile gambling, we are honored to
be adding SHFL's innovative and popular table games to our
easyPLAY™ platform."
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 configurations; 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.
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: the Company's anticipation that its integration with
oneLIVE will be accomplished in the manner anticipated under its
contract, or at all; the Company's expectation that all of its
brands will be accepted in all of oneLIVE's markets, will be
commercially successful and will be received and in-demand by
oneLIVE's customers; the Company's strategy and ability for
innovation and exploitation of its brands and intellectual property
and its objective to expand the reach and access of its online
content; the expectation that the Company's products will perform
as they are designed to do and will meet their profitability,
performance and innovation expectations; the Company's belief that
the requirements of its privileged licenses will not be changed,
altered or revoked in a manner that would impact the Company's
ability to conduct its business or market its products as currently
conducted or as the Company anticipates doing so. The Company's
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 challenges in the Company's ability to accomplish its
integration activities with oneLIVE; changes in the market and
economic conditions and reduced demand for or increased competition
with SHFL's brands or changes in the Company's strategic
initiatives of objectives; the Company's inability to accurately
gauge the commercial appeal of its brands; increased infringement
on SHFL's intellectual property or proprietary brands; the impact
of the Company's previously announced proposed merger with Bally
Technologies, Inc. on its business, operations and customer
relationships; unanticipated changes in the laws, rules or
regulations governing gaming and the regulation of gaming in all
markets.
© 2013 SHFL entertainment, Inc. All rights reserved.
Three Card Poker, Let It Ride and Ultimate Texas
Hold 'Em are marks owned by SHFL entertainment, Inc.
SOURCE SHFL entertainment, Inc.