LAS VEGAS, Nov. 20, 2012 /PRNewswire/ -- SHFL entertainment, Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or the "Company") announced today that it hired iGaming expert Nick Gabriel to oversee online operations at its newly established Gibraltar hub. The Company also announced its Gibraltar subsidiary has received a Remote Gambling License from the Government of Gibraltar Licensing Authority.
"Our investments in our interactive division support our goal of establishing SHFL as a leading go-to supplier of online and mobile casino gaming products, leveraging our relationships and replicating our success with our land-based business," said Gavin Isaacs, SHFL's Chief Executive Officer. "Our leading-edge technology and growing portfolio of compelling content, coupled with the recent addition of Nick Gabriel to our team, moves us one step closer to that goal."
As Head of Online Gaming for SHFL, Gabriel is based in SHFL's new Gibraltar offices, where he will oversee the Company's provision of its iGaming business-to-business (B2B) operations throughout Europe. Over the course of the next twelve months, SHFL intends for this office to continue to grow as the home base of its expanding Gibraltar-based iGaming sales, compliance and operations teams. Remote gaming servers that deploy SHFL's elastic cloud have been set up at the Gibraltar office to serve the Company's proprietary casino games - including Three Card Poker, Ultimate Texas Hold 'Em, and Casino War - to its B2B partners.
Gabriel is a renowned iGaming professional with over 12 years of experience in building, operating and selling online casino, poker and social gaming systems. He previously served as President of Duelring Ltd., an online player-to-player social gaming platform. Prior to Duelring, Gabriel was the Head of Development and Product Strategy for Mansion, an Internet gaming operator. Earlier in his career, Gabriel lived in southern California and held Chief Technology Officer and Chief Financial Officer roles with a variety of gaming software, Internet and entertainment firms.
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 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 YouTube.
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 strategy and ability for innovation and exploitation of our technology, brands, and intellectual property across all of our product lines, including our SHFL Interactive content; our expectation that 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; and our expectation to continue to grow our operations in our Gibraltar office as we currently intend. 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: our unanticipated inability to accomplish our innovation objectives or our inability to accurately gauge the commercial appeal of our products; unexpected changes in the market and economic conditions and reduced demand for or increased competition with SHFL entertainment's products; unanticipated changes in the laws, rules or regulations governing gaming and iGaming and the regulation of gaming in all markets.
SOURCE SHFL entertainment, Inc.