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Shuffle Master, Inc. today announced that it is expecting to place on lease over 100 seats of its Table Master product in Broward County, Florida in the next 60 days. South Florida pari-mutuels received state approval last week for electronic blackjack, Keno and roulette. As a result, the new ruling opens the door for installations of Table Master, a five-seat fully electronic table that features a video dealer on a flat plasma screen. Table Master offers fast-paced play that replicates a live table game and operates 24 hours a day, seven days a week. As of the Company’s fiscal third quarter, Shuffle Master has installed approximately 2,400 seats of Table Master in both live and electronic-only markets of which 65% are on lease.
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This release contains 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. Factors that
could cause actual results to differ materially from expectations include, but are
not limited to, the following: changes in the level of consumer or commercial acceptance
of the Company’s existing products and new products as introduced; advances
by competitors; acceleration and/or deceleration of various product development,
promotion and distribution schedules; product performance issues; higher than expected
manufacturing, service, selling, administrative, product development, promotion
and/or distribution costs; changes in the Company’s business systems or in
technologies affecting the Company’s products or operations; reliance on strategic
relationships with distributors and technology and manufacturing vendors; current
and/or future litigation or claims; tax matters, including changes in tax legislation
or assessments by taxing authorities; acquisitions or divestitures by the Company
or its competitors of various product lines or businesses and, in particular, integration
of businesses that the Company may acquire; changes to the Company’s intellectual
property portfolio, such as the issuance of new patents, new intellectual property
licenses, loss of licenses, claims of infringement or invalidity of patents; regulatory
and jurisdictional issues (e.g., technical requirements and changes, delays in obtaining
necessary approvals, or changes in a jurisdiction’s regulatory scheme or approach,
etc.) involving the Company and its products specifically or the gaming industry
in general; general and casino industry economic conditions; the financial health
of the Company’s casino and distributor customers, suppliers and distributors,
both nationally and internationally; the Company’s ability to meet its debt
service obligations, including the Notes, and to refinance its indebtedness, which
will depend on its future performance and other conditions or events and will be
subject to many factors that are beyond the Company’s control; and various
risk related to the Company’s customers’ operations in countries outside
the United States, including currency fluctuation risks, which could increase the
volatility of the Company’s results from such operations. Additional information
on these and other 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 annual report on Form 10-K.
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