Shuffle Master, Inc. Acquires Fire Bet
10 January 2012 - 8:29AM
Business Wire
Shuffle Master, Inc. (NASDAQ Global Select Market: SHFL)
(“Shuffle Master”) today announced it has acquired Fire Bet, a
craps side bet, from HopBet Inc. With over 330 installs in the
U.S., Fire Bet is the most popular proprietary side bet for
craps.
“This is truly one of the elite products in table games,” said
Roger Snow, Executive Vice President of Shuffle Master. “You can
count on one hand the number of side bets that have ever
demonstrated the popularity and longevity that Fire Bet has. This
acquisition is a continuation of our strategy to build our
intellectual property portfolio. We are pleased to add Fire Bet to
the Shuffle Master suite of brands.”
Players win the Fire Bet if the shooter makes at least four
distinct points before he or she Sevens Out. If the shooter makes
all six distinct points, bettors can win up to 1,000 to 1 odds.
More information on Fire Bet can be found at:
http://www.smiqr.com/firebet
About Shuffle Master, Inc.
Shuffle Master, 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 Shuffle
Master’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.shufflemaster.com, or on Facebook, Twitter and YouTube.
Shuffle Master 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: statements regarding our strategy for
the development of our intellectual property and the integration of
Fire Bet into that strategy; our belief that this acquisition will
produce the revenues, earnings, or business synergies we
anticipate; our anticipation that Fire Bet will continue to be a
commercially successful game that is in-demand by both casinos and
their customers. 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:
Shuffle Master’s inability to accurately gauge the commercial
appeal of its products or of Fire Bet; unanticipated difficulties
in integrating Fire Bet into our existing intellectual property
portfolio; unanticipated changes in the laws, rules or regulations
governing gaming and iGaming; and unexpected changes in the market
and economic conditions and reduced demand for or increased
competition with Shuffle Master’s products. Additional information
on risk factors that could potentially affect Shuffle Master’s
financial results may be found in documents filed by Shuffle Master
with the Securities and Exchange Commission, including Shuffle
Master’s current reports on Form 8-K, quarterly reports on Form
10-Q and its latest annual report on Form 10-K and are based on
information available to Shuffle Master on the date hereof. Shuffle
Master does not intend, and assumes no obligation, to update any
forward-looking statements. Readers are cautioned not to place
undue reliance on forward-looking statements, which speak only as
of the date of this press release.
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