SHFL Entertainment (Asia) Limited Acquitted By Macau Court In Decision On Patent Infringement
MACAU, July 19, 2013 /PRNewswire/ -- SHFL entertainment, Inc. (NASDAQ Global Select Market: SHFL) ("SHFL" or the "Company") has announced today that SHFL entertainment ( Asia) Limited ("SHFL Macau") has been acquitted by the Macau First Instance Court in a case brought against SHFL Macau, following a complaint made by Jay Chun alleging a violation of a patent allegedly related to terminal betting on live baccarat.
"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. "As a long-term member of Macau's corporate gaming community, SHFL Macau has been committed to competitively serving the needs of our customers in this important market. Today's positive ruling enables us to continue on that path with even greater focus."
Rapid Baccarat (now called SHFL Fusion Hybrid) is an electronic table configuration that combines a live dealer and electronic betting terminals. The system can accommodate handling multiple terminals on a live baccarat game and includes a user-friendly touch-screen betting interface. All wagers are reconciled automatically, resulting in greater productivity and enhanced security.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'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 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 expectation that our products will perform as they are designed to do and to and will meet the profitability, performance and security expectations; and our belief that we will be able to compete in the Macau market. 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: unexpected changes in the market and economic conditions and reduced demand for or increased competition; our unanticipated inability to accomplish our innovation objectives or our inability to accurately gauge the commercial appeal of our products.
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