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SHUFFLEMASTER PROFITS UP 23 PERCENT
Thursday June 7, 2012 : SHUFFLEMASTER PROFITS UP 23 PERCENT
US company continues to prosper, despite spending $28.5 million to acquire the Ongame online poker network
The US casino equipment company Shufflemaster showed this week that it has significant online as well as land gambling potential, reporting profits up 23 percent despite spending $28.5 million to acquire the Ongame internet poker group from Bwin Interactive.
The company's second quarter report saw net income rising to $9.7 million (Q2 2011: $7.9 million) on the back of revenues up 10 percent over Q2 2011 to $66.1 million.
Table game products leased to land casinos contributed a 13 percent rise in revenue.
Referring to the company's online poker possibilities, chief executive officer Gavin Isaacs observed that the deal presented the company with an opportunity to expand into the regulated online poker market, saying: "...the rollout of our interactive initiatives are key drivers of our future earnings potential and will write the next chapter of our profitable growth story."
The company's chief operating officer and erstwhile interim CEO before the arrival of Isaacs, David Lopes, has resigned to pursue alternative business interests after 12 years with the company.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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