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

SHFL entertainment Installs its SHFL Fusion Hybrid e-Tables at Resorts World Manila

Sep 25, 2013, 09:00 ET from SHFL entertainment, Inc. Installation of all 100 units at Resorts World Manila is scheduled to be completed by the end of September 2013. On July 15, 2013, SHFL entered into a definitive agreement and plan of merger with Bally ...
Posted: September 25, 2013, 6:00 am

Making the Game: Quest for next specialty-table hit not for the risk-averse

Table games imitate the rest of the entertainment industry, and people like choices.” Yoseloff, a former chairman of Shuffle Master (now SHFL Entertainment, owned by Scientific Games), says technology also played a role in their expansion, as his company ...
Posted: October 11, 2016, 4:05 am

Paradise Ent says SHFL withdrew Macau tech lawsuit

Macau’s Court of First Instance has “dismissed” a patent-related lawsuit brought by SHFL Entertainment (Asia) Ltd against fellow casino gaming equipment supplier Paradise Entertainment Ltd, its chairman Jay Chun, subsidiary LT Game Ltd and an entity ...
Posted: May 5, 2016, 9:16 pm
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