SHFL Entertainment Net Worth is$251 M Sales
VN:F [1.9.22_1171]
deserves the money?
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Would you date ?
Rating: 0.0/5 (0 votes cast)
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

(Visited 20 times, 1 visits today)

SHFL Entertainment Latest News

SHFL Entertainment: A Small-Cap Stock With A Misunderstood Business Model

When I speak to other investors about SHFL Entertainment (NASDAQ:SHFL), I get the sense that the variety of products and intellectual property owned by the company is somewhat misunderstood. Some lump ...
Posted: July 9, 2013, 12:45 pm

Gavin Isaacs leaves board of Scientific Games

Mr Isaacs joined Scientific Games in mid-2014, as chief executive. Prior to that, he served as CEO of SHFL entertainment Inc from April 2011 through November 2013. In 2013, he helped complete the US$1 ...
Posted: December 10, 2018, 9:32 pm

SHFL Entertainment Inc Cash Settlement At USD 23.25 A Sh - Profile

SHFL entertainment, Inc. develops, manufactures and markets technology-based products for the gaming industry. It operates its business through four segments: Utility, Proprietary Table Games, Electro...
Posted: September 17, 2018, 8:58 am
Related Topics:
How Much Is SHFL Entertainment Earnings, How Much Is SHFL Entertainment Income, How Much Is SHFL Entertainment Net Worth, How Much Is SHFL Entertainment Salary, How Much Is SHFL Entertainment Worth, SHFL Entertainment, Shfl Entertainment (asia) Limited, Shfl Entertainment (australasia) Pty Limited, Shfl Entertainment (australasia) Pty Ltd, Shfl Entertainment (gibraltar) Limited, Shfl Entertainment (gibraltar) Ltd, Shfl Entertainment 10k, Shfl Entertainment Acquisition, Shfl Entertainment Address, SHFL Entertainment Age, Shfl Entertainment Annual Report, Shfl Entertainment Australasia, Shfl Entertainment Australia, Shfl Entertainment Bally, Shfl Entertainment Bally Technologies, SHFL Entertainment Bio, Shfl Entertainment Board Of Directors, Shfl Entertainment Careers, Shfl Entertainment Ceo, Shfl Entertainment Competitors, SHFL Entertainment Country, SHFL Entertainment Date Of Birth, SHFL Entertainment Earnings, SHFL Entertainment Ethnicity, Shfl Entertainment Gibraltar, Shfl Entertainment Glassdoor, SHFL Entertainment Gossips, SHFL Entertainment Height, SHFL Entertainment History, SHFL Entertainment Home Town, SHFL Entertainment Images, Shfl Entertainment Inc, Shfl Entertainment Inc Merger, SHFL Entertainment Income, Shfl Entertainment Interview, Shfl Entertainment Investor Relations, SHFL Entertainment Job, Shfl Entertainment Jobs, Shfl Entertainment Las Vegas, Shfl Entertainment Las Vegas Jobs, Shfl Entertainment Lawsuit, Shfl Entertainment Locations, Shfl Entertainment Logo, Shfl Entertainment Macau, Shfl Entertainment Merger, Shfl Entertainment Milperra, SHFL Entertainment Nationality, SHFL Entertainment Net Worth, SHFL Entertainment Networth, Shfl Entertainment New Building, SHFL Entertainment News, Shfl Entertainment Nv, SHFL Entertainment Partner, Shfl Entertainment Philippines, Shfl Entertainment Phone Number, SHFL Entertainment Place Of Birth, SHFL Entertainment Rumors, Shfl Entertainment Salaries, SHFL Entertainment Salary, SHFL Entertainment Secrets, Shfl Entertainment Shuffle Master, Shfl Entertainment Singapore, Shfl Entertainment Stock, Shfl Entertainment Stock Price, Shfl Entertainment Sydney, SHFL Entertainment Videos, SHFL Entertainment Weight, Shfl Entertainment Wiki, Shfl Entertainment Yahoo Finance, Who Is SHFL Entertainment,