SHFL entertainment to Provide Its Proprietary Table Games to Mobile Gaming Platform Provider oneLIVE inc.
LAS VEGAS, Aug. 6, 2013 /PRNewswire/ -- SHFL entertainment, Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or the "Company") announced today it has signed an agreement to provide its proprietary table games to mobile gaming platform provider oneLIVE inc ("oneLIVE").
Under this agreement, oneLIVE will receive rights to develop and offer many of SHFL's proprietary table game titles, such as Three Card Poker, Let It Ride and Ultimate Texas Hold 'Em on oneLIVE's easyPLAY™ mobile gaming platform. easyPLAY™ allows commercial, tribal and cruise ship casinos, card rooms and racetracks to televise their own floor dealers live in HDTV to players throughout their property, onboard their ships or online to mobile devices in regulated markets. The easyPLAY™ casino-grade system allows casinos to set up individual, secure player accounts for real money gambling with no change to existing operations. Online payment processors are also supported.
"We are excited for our renowned proprietary table games to be offered on oneLIVE's easyPLAY™ live dealer gaming platform," said Lou Castle, Chief Strategy Officer for SHFL. "We believe that this agreement aligns very well with our objective of expanding the reach and accessibility of our online content by giving casino patrons the option to gamble away from the gaming table."
Michael Jabara, Chief Executive Officer for oneLIVE, added, "Mobile use by people in every country is growing exponentially. easyPLAY™ brings the live action excitement of the gaming floor and the well-known brands of casino customers into the hands of casino patrons globally, whether at the pool, on deck, or in-room. As the only US-based company to focus exclusively on live dealer mobile gambling, we are honored to be adding SHFL's innovative and popular table games to our easyPLAY™ platform."
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 configurations; 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: the Company's anticipation that its integration with oneLIVE will be accomplished in the manner anticipated under its contract, or at all; the Company's expectation that all of its brands will be accepted in all of oneLIVE's markets, will be commercially successful and will be received and in-demand by oneLIVE's customers; the Company's strategy and ability for innovation and exploitation of its brands and intellectual property and its objective to expand the reach and access of its online content; the expectation that the Company's products will perform as they are designed to do and will meet their profitability, performance and innovation expectations; the Company's belief that the requirements of its privileged licenses will not be changed, altered or revoked in a manner that would impact the Company's ability to conduct its business or market its products as currently conducted or as the Company anticipates doing so. The Company's 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 the Company's ability to accomplish its integration activities with oneLIVE; changes in the market and economic conditions and reduced demand for or increased competition with SHFL's brands or changes in the Company's strategic initiatives of objectives; the Company's inability to accurately gauge the commercial appeal of its brands; increased infringement on SHFL's intellectual property or proprietary brands; the impact of the Company's previously announced proposed merger with Bally Technologies, Inc. on its business, operations and customer relationships; unanticipated changes in the laws, rules or regulations governing gaming and the regulation of gaming in all markets.
© 2013 SHFL entertainment, Inc. All rights reserved. Three Card Poker, Let It Ride and Ultimate Texas Hold 'Em are marks owned by SHFL entertainment, Inc.
SOURCE SHFL entertainment, Inc.