SHFL Entertainment Acquires Content Studio ProTec Games In China
LAS VEGAS, Feb. 6, 2013 /PRNewswire/ -- SHFL entertainment, Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or the "Company") has acquired ProTec Games, Inc. ("ProTec"), a computer-based content provider for casino slot games, table games, and online video games. Located in Qingdao, China, ProTec will continue to develop graphical assets and perform software development and testing for SHFL's slot machines and other electronic products.
"We have been working with the ProTec team for quite some time and have been very happy with their work," said Gavin Isaacs, Chief Executive Officer of SHFL. "To support and enhance the global growth of our slots, e-Tables and iGaming businesses, we decided to fully integrate the ProTec team into our business. We are confident that this acquisition will enable us to scale efficiently to support our growing product footprint."
The Company engaged ProTec for the creation of various graphical assets over the past year. Having a studio based in China will also allow SHFL to deliver game content that will be better tailored to the Asian region, a fast-evolving and promising gaming market.About SHFL entertainment SHFL 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. 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: our belief that this acquisition will produce the efficiencies and synergies and support we anticipate; our expectation that we will integrate Protect into our business without any disruption to its delivery of services; our expectation that Protect will continue to perform as it has in the past and will meet our profitability, performance and innovation expectations; and our strategy and ability for innovation and exploitation of Protec's services across all of our product lines. 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 to our ability to exploit Protec's services; our unanticipated inability to accomplish the integration of Protec or our inability to accurately gauge the timing of such integration; and unexpected changes in the market and economic conditions and the impact on our strategy for exploiting Protec's services. SOURCE SHFL entertainment
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