Record revenues propel gaming company

Thursday, Aug. 19, 1999 | 10:54 a.m.

Las Vegas-based Shuffle Master Inc. reported net income of $1.5 million, or 19 cents per share, for the quarter ending July 31. That's up from a net loss of $941,000, or 9 cents per share, for the year-ago quarter.

The company recorded revenues of $8 million, the highest quarterly revenues in Shuffle Master's history, and up 45 percent from a year ago. Shuffle Master attributes the gains to market penetration of its new games, including "Three Card Poker" and slot game "Let's Make a Deal."

Over the nine months ending July 31, Shuffle Master earned $3.8 million, or 47 cents per share, on revenues of $20.9 million. That's an income increase of 81 percent, and a revenue increase of 5 percent.

Shuffle Master is a gaming supply company. Its primary products are leased card shuffling machines and the table game "Let It Ride."

archive