SHFL entertainment Begins Rollout of Video Lottery Terminals in New York
LAS VEGAS, April 29, 2013 /PRNewswire/ — SHFL entertainment, Inc. (NASDAQ Global Select Market: SHFL) (“SHFL” or the “Company”) announced today that it has begun the installation of its Video Lottery Terminals (“VLTs”) in New York.
“Our first big rollout of VLTs in such an important market as New York is very exciting,” said Gavin Isaacs, Chief Executive Officer for SHFL. “This is only the beginning of what we hope to be a very promising future for our slot machine segment in the United States.”
The rollout was made possible through a November 2012 agreement between SHFL and SPIELO International USA, LLC (“SPIELO International”). SPIELO International, which has been licensed to provide VLTs, content and services to the New York State Division of Lottery since 2003, will be leasing the VLTs from SHFL and providing technical support for those products as part of a three-year agreement with SHFL, including options for two extensions of two years each.
By the time the rollout out is complete, which will take place over the next few weeks, SHFL will have installed 112 of its Equinox cabinets in five of the nine New York VLT facilities. The facilities include: Hamburg Casino at the Fairgrounds, Finger Lakes Casino and Racetrack, Saratoga Casino and Raceway, Empire City Casino at Yonkers Raceway, and Resorts World Casino New York. This initial rollout features three of SHFL’s unique slot themes: Eureka Gold Mine, Chomp!, and Cats, Hats, and Bats.
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 the future for our slot machine segment in the U.S. is promising and that these products and our game titles will be accepted in this market, will be commercially successful and will be received and in-demand by casinos and their customers; our anticipation that SPIELO International will extend our agreement for both of the extension terms, or at all; our expectation that we will accomplish the rollout of our VLTs in New York as anticipated and thereafter 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 changes in the market and economic conditions and reduced demand for or increased competition with our slot machine products; SPEILO International’s unilateral decision to not extend our agreement pursuant to its terms; our unanticipated inability to accomplish our innovation objectives or our inability to accurately gauge the commercial appeal of our products; unanticipated changes in the laws, rules or regulations governing gaming and the regulation of gaming in all markets.
SOURCE SHFL entertainment