SHFL entertainment Establishes Relationship with Evolution Gaming
LAS VEGAS, June 4, 2013 /PRNewswire/ -- SHFL entertainment, Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or the "Company") today announced it has established an agreement with video-streamed live dealer gaming provider Evolution Gaming ("Evolution"), which is based in Riga, Latvia.
Under this agreement, Evolution will receive the rights to offer many of SHFL's specialty table game titles in its online live casinos. Evolution's video-streamed live dealer environment allows players to play against live dealers over an online connection.
"We are thrilled to be working with Evolution," said Lou Castle, Chief Strategy Officer for SHFL. "They are a leader in Europe's video-streamed live dealer space and have integrated with many of Europe's top operators. We believe that these merits, along with the strength of our brands, will prove to be a successful combination."
Jens von Bahr, Chief Executive Officer for Evolution, added, "We are delighted to add SHFL's renowned table games to the existing Evolution line-up of live roulette, blackjack, baccarat and casino hold'em games used by our licensees across Europe and to gain first-to-market online advantage in new markets such as Italy, Spain and Denmark. Given our plans to expand into the USA and Canada, SHFL's games, which are so popular with US players, will enrich our tailored offering for the North American marketplace."
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'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 anticipation that our integration with Evolution will be accomplished in the manner anticipated under our contract, or at all; our expectation that all of our brands will be accepted in all of Evolution's markets, will be commercially successful and will be received and in-demand by Evolution's customers; our strategy and ability for innovation and exploitation of our brands and intellectual property; 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. 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 challenges in our ability to accomplish our integration activities with Evolution; changes in the market and economic conditions and reduced demand for or increased competition with SHFL's brands; our unanticipated inability to accomplish our innovation objectives or our inability to accurately gauge the commercial appeal of our brands; increased infringement on SHFL's intellectual property or proprietary brands; unanticipated changes in the laws, rules or regulations governing gaming and the regulation of gaming in all markets.
SOURCE SHFL entertainment, Inc.
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