Press release from PR Newswire
SHFL entertainment to Report Third Quarter 2013 Results
Monday, August 19, 2013
SHFL entertainment to Report Third Quarter 2013 Results09:00 EDT Monday, August 19, 2013
LAS VEGAS, Aug. 19, 2013 /PRNewswire/ -- SHFL entertainment, Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or the "Company") announced today that it will release its fiscal 2013 third quarter results after the market closes on Friday, September 6, 2013. No conference call will be held. On July 16, 2013, SHFL entertainment announced that it had entered into a definitive agreement and plan of merger with Bally Technologies, Inc. (NYSE: BYI) ("Bally"), pursuant to which Bally has agreed to acquire the Company at a per share price of $23.25 in cash for total consideration of approximately $1.3 billion subject to the satisfaction of the conditions set forth therein.
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 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 and Twitter.
Forward Looking StatementsThis release may contain forward-looking statements that are based on management's current beliefs and expectations about future events, as well as on assumptions made by and information available to management. The Company considers such statements to be made under the safe harbor created by the federal securities laws to which it is subject, and assumes no obligation to update or supplement such statements. Forward-looking statements reflect and are subject to risks and uncertainties that could cause actual results to differ materially from expectations. 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: 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. Additional information on risk factors that could potentially affect the Company's financial results may be found in documents filed by the Company with the Securities and Exchange Commission, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K.
SOURCE SHFL entertainment, Inc.
For further information: Julia Boguslawski, Investor Relations / Corporate Communications, ph: (702) 897-7150, email: firstname.lastname@example.org or Gavin Isaacs, CEO or Linster W. Fox, CFO, ph: (702) 897-7150, fax: (702) 270-5161