Press release from PR Newswire
SHFL entertainment's iGaming Products Go Live on GameAccount Network
Thursday, June 13, 2013
SHFL entertainment's iGaming Products Go Live on GameAccount Network09:00 EDT Thursday, June 13, 2013
LAS VEGAS, June 13, 2013 /PRNewswire/ -- SHFL entertainment, Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or the "Company") has announced that its iGaming products are now live and eligible to take real-money bets on GameAccount Network's ("GAN") market leading online gaming platform, including its B2C site, Money Gaming.
In fulfillment of an agreement signed in February 2013 between SHFL and GAN, SHFL will offer its online versions of popular proprietary table games, such as Three Card Poker, Ultimate Texas Hold'em, and Fortune Pai Gow Poker, to many of the iGaming operators using the GAN platform in the United Kingdom, Italy, and Spain. GAN's impressive portfolio of customers consists of over 20 online operators, including Lottomatica, SNAI, Sisal, Paddy Power, William Hill, SportingBet and Rank Group, to name a few.
"The go-live of our online games is a significant milestone for SHFL and it is very exciting to see this come to fruition," said Gavin Isaacs, Chief Executive Officer for SHFL. "Online players in key European markets will now have the opportunity to experience our renowned proprietary table games through a multitude of sites that GAN serves."
"Bringing SHFL's market-leading games online in Europe's regulated markets is a true privilege which we've acted on with all due expedition," said Dermot Smurfit, Chief Executive Officer for GameAccount Network. "We believe that there is strong demand among our online operators and their end user players for the authentic SHFL proprietary table games experience delivered online by SHFL's proprietary Remote Gaming Server integrated with our Internet Gaming System."
About SHFL entertainmentSHFL 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 NetworkEstablished 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, the Italian regulator, AAMS and the Spanish regulator DGOJ. 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, 2012 and 2013 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 StatementsThis 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 the expectation that our products will be in demand by operators and players and that we will consistently provide players with the dynamic gaming experience they expect. 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
For further information: Julia Boguslawski, Investor Relations / Corporate Communications, (702) 897-7150, jboguslawski@SHFL.com; or Gavin Isaacs, CEO, or Linster W. Fox, CFO, (702) 897-7150, fax, (702) 270-5161