SHFL entertainment Receives Category 2 eGambling License in Alderney
LAS VEGAS, Dec. 12, 2012 /PRNewswire/ -- SHFL entertainment, Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or the "Company") has, through its subsidiary, received an unlimited Category 2 eGambling license from the Alderney Gambling Control Commission ("AGCC").
"Alderney regulators have worked extremely hard over a number of years to create a center of excellence for the regulation of online gambling," said Robin Le Prevost , Director of eCommerce Development for the Government of Alderney. "That hard work is amply rewarded when companies of SHFL's caliber elect to be licensed and regulated by Alderney as a key location for their online activities. SHFL joins an ever-growing community of the world's leading online operators and service providers, which has established Alderney as the leading jurisdiction for online gambling. We welcome SHFL and wish them great success with this new venture."
This license will further SHFL's provision of its iGaming business-to-business ("B2B") operations in legal jurisdictions in Europe and also will allow the Company to directly serve its proprietary table games, including Let It Ride, Casino War, Three Card Poker, and Ultimate Texas Hold'em, to its online B2B customers efficiently and effectively.
"We are excited to expand the reach and exposure of our growing online content portfolio, which includes some of the most compelling table game brands in the world," said Gavin Isaacs , SHFL's Chief Executive Officer. "By enabling us to house our recently acquired equipment at a data center in Alderney, this license allows us to be physically closer to the data centers of many of the world's leading online gaming operators, resulting in better performance and closer content integration."
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 provision of our iGaming B2B content in legal jurisdictions in Europe; our anticipation that all of our products and game titles will be accepted in online markets markets, will be commercially successful and will be received and in-demand by online casinos and their customers; 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: 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's products; increased infringement on SHFL's intellectual property or proprietary brands; unanticipated changes in the laws, rules or regulations governing gaming and iGaming and the regulation of gaming in all markets.
SOURCE SHFL entertainment, Inc.
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