LAS VEGAS, Feb. 4, 2013 /PRNewswire/ -- SHFL entertainment, Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or the "Company") has signed an agreement with GameAccount Network ("GAN") to have SHFL's online gaming products integrated onto GAN's market leading online gaming platform.
Upon regulatory approval, the agreement will enable SHFL to offer its online versions of popular proprietary table games such as Three Card Poker, Ultimate Texas Hold'em, and Fortune Pai Gow Poker to the growing portfolio of iGaming operators using the GAN platform in the United Kingdom, Italy, and Spain.
"Integrating onto GAN is a tremendous opportunity for SHFL," said Gavin Isaacs, Chief Executive Officer for SHFL. "Our proprietary table games are preferred by many players in casinos all over the world and, with the rapidly growing popularity of iGaming, players also want the option of enjoying these games online. We believe GAN's robust platform and established relationships with leading iGaming operators, coupled with our suite of distinguished brands, will provide players with a dynamic, high caliber online gaming experience."
"Working closely with SHFL to bring their unique table games online in technically challenging regulated markets is a privilege," said Dermot Smurfit, Chief Executive Officer for GAN. "Our clients eagerly await the launch of world-famous SHFL table game brands across our network of iGaming operators."
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 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 LinkedIn.
About GameAccount Network
Established in 2002, GameAccount Network is a leading gaming software and gaming platform provider for regulated International, Spanish & Italian operators seeking a fully integrated gaming solution compatible with the technical requirements of the Alderney Gambling Control Commission and the Italian regulator, AAMS. GAN's portfolio of dynamic games attracts recreational and VIP gamers. GameAccount Network has received awards from eGaming Review Magazine in 2006 for Innovation and in 2011 and 2012 for Skill Games Supplier of the Year in recognition of success in Italy and Spain's newly regulated markets. GameAccount Network's clients include many of Europe's leading gaming operators and leading casino slot manufacturers. For more information please visit www.GameAccountNetwork.com.
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 intellectual property is a valuable asset of SHFL with intrinsic exploitable rights; 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 anticipation that we will receive all required regulatory approvals and launch the games on GAN in a timely manner; our strategy and ability for innovation and exploitation of our brands and intellectual property across all of our product lines, including online and through licensing arrangements; and our expectation that we will provide players with a dynamic gaming experience. 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: unanticipated challenges or dilution to our intellectual property or our ability to use it; our unanticipated inability to accomplish our innovation objectives or our inability to accurately gauge the commercial appeal of our products; unexpected delays in the receipt of our regulatory approvals or the launch of our games; unexpected changes in the market and economic conditions and reduced demand for or increased competition with SHFL entertainment's products; and unexpected consumer response to the products.
SOURCE SHFL entertainment, Inc.