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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.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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