LAS VEGAS, Feb. 6, 2013 /PRNewswire/ -- SHFL entertainment,
Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or the "Company")
has acquired ProTec Games, Inc. ("ProTec"), a computer-based
content provider for casino slot games, table games, and online
video games. Located in Qingdao,
China, ProTec will continue to develop graphical assets and
perform software development and testing for SHFL's slot machines
and other electronic products.
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"We have been working with the ProTec team for quite some time
and have been very happy with their work," said Gavin Isaacs, Chief Executive Officer of SHFL.
"To support and enhance the global growth of our slots, e-Tables
and iGaming businesses, we decided to fully integrate the ProTec
team into our business. We are confident that this acquisition will
enable us to scale efficiently to support our growing product
footprint."
The Company engaged ProTec for the creation of various graphical
assets over the past year. Having a studio based in China will also allow SHFL to deliver game
content that will be better tailored to the Asian region, a
fast-evolving and promising gaming market.
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.
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 belief that this acquisition will produce the
efficiencies and synergies and support we anticipate; our
expectation that we will integrate Protect into our business
without any disruption to its delivery of services; our expectation
that Protect will continue to perform as it has in the past and
will meet our profitability, performance and innovation
expectations; and our strategy and ability for innovation and
exploitation of Protec's services 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 challenges to our ability to exploit Protec's
services; our unanticipated inability to accomplish the integration
of Protec or our inability to accurately gauge the timing of such
integration; and unexpected changes in the market and economic
conditions and the impact on our strategy for exploiting Protec's
services.
SOURCE SHFL entertainment