SHFL entertainment Installs Linked Progressives Across 35 Casinos in the United Kingdom
LAS VEGAS, July 11, 2013 - SHFL entertainment, Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or the "Company") announced today that it has begun the installation of its Operator Wide Area Progressive ("OWAP") technology to link 50 BJ Aces tables across 35 of Genting's casinos in the United Kingdom.
SHFL's OWAPtechnology provides casino operators the ability to offer linked progressive jackpots across multiple properties, leading to faster incrementing and more frequent jackpots, while delivering even more excitement for players.
"I am very pleased with the opportunity to provide Genting properties our OWAP technology on such a large scale," said Gavin Isaacs, Chief Executive Officer for SHFL. "Our mission is to make gaming more exciting for players, which in turn benefits our customers, and OWAP does just that. By enabling greater action across so many properties, the progressive jackpots quickly climb to very appealing levels."
All 50 tables are scheduled to be linked by mid-August 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 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'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 expectation that our products will perform as they are designed to do and to and will meet the profitability, performance and innovation expectations; our expectation that we will provide players with a dynamic gaming experience that, in turn, benefits our customers; and our expectation that all tables will be installed according to the proposed schedule. 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; our unanticipated inability to accomplish our innovation objectives or our inability to accurately gauge the commercial appeal of our products; and unexpected consumer response to the products; and, unexpected events that impact the scheduled installation of the tables.