LAS VEGAS, Sept. 25, 2013 /PRNewswire/ -- SHFL
entertainment, Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or
the "Company") announced today that it has begun the installation
of its SHFL Fusion Hybrid Multi
Game ("Fusion Hybrid") technology at Resorts World
Manila in Newport City, Philippines.
(Logo:
http://photos.prnewswire.com/prnh/20121008/LA88315LOGO)
The Fusion Hybridplatform features a live dealer
(or dealers) with user-friendly, 22" widescreen electronic betting
terminals. There are 100 terminals being installed at Resorts World
Manila, allowing players to conveniently wager on live games of sic
bo, baccarat, and roulette using an intuitive touchscreen
interface. The Multi Game feature enables players to bet on
one, some or all games at once, creating a dynamic and
action-packed gaming experience. An area on the second floor
of Resorts World Manila has been fully renovated and named
"Prosperity Court" to accommodate this Fusion Hybrid
"stadium."
"This significant installation of our new Fusion
Hybrid e-Tables in the growing Philippines gaming market is very meaningful
for SHFL," said Gavin Isaacs, Chief
Executive Officer for SHFL. "Providing players with more excitement
and variety while allowing for optimal flexibility and productivity
on casino floors are paramount at SHFL. Our revitalized suite of
e-Table innovations is a perfect example of our commitment to
providing these benefits."
Since displaying this product at G2E Asia earlier this year, SHFL has installed its
Fusion Hybrid technology at venues in Cambodia, Laos, and Korea; adding to the numerous
locations at which this technology is already installed in
Asia.
Installation of all 100 units at Resorts World Manila is
scheduled to be completed by the end of September 2013.
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
include 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'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.
On July 15, 2013, SHFL entered
into a definitive agreement and plan of merger with Bally
Technologies, Inc. (NYSE: BYI), pursuant to which Bally
Technologies, Inc. has agreed to acquire the Company at a per share
price of $23.25 in cash for total consideration of
approximately $1.3 billion subject to the satisfaction of the
conditions set forth therein.
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 expectation that its products will
perform as they are designed to do and will meet the profitability,
performance and innovation expectations; the Company's expectation
that it will provide players with a dynamic gaming experience that,
in turn, benefits its customers; and the Company's expectation that
all units will be installed according to the proposed schedule.
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:
1) unexpected changes in the market and economic conditions and
reduced demand for or increased competition; 2) the Company's
unanticipated inability to accomplish its innovation objectives or
its inability to accurately gauge the commercial appeal of its
products; 3) unexpected consumer response to the products; 4)
unexpected events that impact the scheduled installation of the
units; 5) the risk that the conditions to the closing of the merger
are not satisfied (including a failure of the shareholders of SHFL
to approve, on a timely basis or otherwise, the merger and the risk
that regulatory approvals required for the merger are not obtained,
on a timely basis or otherwise, or are obtained subject to
conditions that are not anticipated); 6) litigation relating to the
merger; 7) uncertainties as to the timing of the consummation of
the merger and the ability of each of SHFL and Bally to
consummate the merger; 8) risks that the proposed transaction
disrupts the current plans and operations of SHFL; 9) the ability
of SHFL to retain and hire key personnel; 10) competitive responses
to the proposed merger; 11) unexpected costs, charges or expenses
resulting from the merger; 12) the failure by Bally to obtain the
necessary debt financing arrangements set forth in the commitment
letter received in connection with the merger; 13) potential
adverse reactions or changes to business relationships resulting
from the announcement or completion of the merger; and 14)
legislative, regulatory and economic developments. Additional
information on risk factors that could potentially affect the
Company's operating results may be found in documents filed by the
Company with the Securities and Exchange Commission, including the
Company's current reports on Form 8-K, quarterly reports on Form
10-Q and its latest annual report on Form 10-K, and are based on
information available to the Company on the date hereof. The
Company does not intend, and assumes no obligation, to update any
forward-looking statements. Readers are cautioned not to place
undue reliance on forward-looking statements, which speak only as
of the date of this press release.
The SHFL Fusion mark is owned by SHFL or one of its
subsidiaries in the United States
and elsewhere. © 2013 SHFL entertainment, Inc. All rights
reserved.
SOURCE SHFL entertainment, Inc.