SHFL Entertainment Net Worth is$251 M Sales
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Type: Public company

Traded As: SHFL

Foundation: Minneapolis (1983)

Founder: John Breeding

Location: Paradise, Nevada, Nevada

Industry: Gambling

Revenue: $227.8 million (2011)

Operating Income: $46.3 million (2011)

Net Income: $31.6 million (2011)

Num Employees: 740


SHFL entertainment, Inc. (previously named Shuffle Master) is a manufacturer of shuffling machines, table games, slot machines, and other casino products, based in Paradise, Nevada.
The company's table game products include Let It Ride, Three Card Poker, Blackjack Switch, and Casino War.
Shuffle Master was formed by John Breeding, a former truck driver, in 1983. Inspired by a newspaper article about card counting in blackjack, he borrowed $30,000 to develop a mechanical shuffler that would allow every hand to be dealt from a fresh deck, nullifying the advantage of card counting, without losing valuable playing time. The device finally came to market in early 1992, and the company made its initial public offering later that year.
Casinos were increasingly using multiple decks for blackjack, limiting the sales potential of Breeding's single-deck shuffler. To fuel demand for the shufflers, he developed a new single-deck game, Let It Ride. By 1995, Let It Ride was generating more revenue for Shuffle Master than its namesake device.
In 1998, the company's headquarters moved from Minneapolis to the Las Vegas area. The firm expanded into the slot machine business in the late 1990s, developing games based on licensed properties like The Honeymooners and Let's Make a Deal, and partnering with larger companies like IGT and Bally to manufacture and distribute them. The slots business failed to turn a profit, and Shuffle Master sold it to IGT in 2004 for $1.6 million.
In February 2004, Shuffle Master bought most of the assets of BET Technology, a developer of table games including Casino War and Fortune Pai Gow. In 2006, the company returned to the slot machine field, buying Australian manufacturer Stargames Limited for $108 million. Among Stargames's products was Rapid Roulette, a roulette variant in which a dealer spins a physical roulette wheel, but wagers are placed and paid out on touchscreen terminals, increasing the pace of play.
Gavin Isaacs, a former

SHFL Entertainment Latest News

GameAccount Network to Offer SHFL entertainment's iGaming Products

LAS VEGAS, Feb. 4, 2013 /PRNewswire/ -- SHFL entertainment, Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or the "Company") has signed an agreement with GameAccount Network ("GAN") to have SHFL's online gaming products integrated onto GAN's market ...
Posted: February 4, 2013, 6:00 am

SHFL gets U.S. court win in legal fight against LT Game

The U.S. District Court in Nevada has dismissed litigation brought by LT International Ltd against SHFL entertainment Inc, Scientific Games Corp announced on Monday. Table and utility product maker SHFL entertainment was acquired by slot supplier Bally ...
Posted: December 8, 2014, 5:30 pm

SHFL entertainment (Asia) Limited Acquitted by Macau Court in Decision on Patent Infringement

"We are very pleased that the Court has found no patent infringement by SHFL Macau. We have consistently maintained that our Rapid Baccarat solution does not infringe Mr. Chun's patent," said Ken Jolly, SHFL Macau's Executive Vice President of Asia.
Posted: July 19, 2013, 4:11 am

Bally Technologies Strikes Deal To Acquire SHFL Entertainment

Bally Technologies Inc. (NYSE:BYI) announced its agreement to acquire SHFL entertainment Inc (NASDAQ:SHFL) for $23.25 per share or $1.3 billion in cash on Tuesday. According to the company, the acquisition price represents a 24 percent premium on the ...
Posted: July 16, 2013, 5:46 am

SHFL entertainment Beats Analyst Estimates on EPS

SHFL entertainment (Nasdaq: SHFL) reported earnings on March 4. Here are the numbers you need to know. The 10-second takeaway For the quarter ended Jan. 31 (Q1), SHFL entertainment missed estimates on revenues and beat expectations on earnings per share.
Posted: March 5, 2013, 4:00 am
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