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Vegas company projects strong earnings growth

Monday, Nov. 18, 2002 | 10:58 a.m.

Shuffle Master Inc. of Las Vegas, a casino industry supplier, today said it expects earnings per share to grow 20 percent to 25 percent to 91 cents to 95 cents in its fiscal year ending Oct. 31, 2003, versus earnings in its 2002 fiscal year.

Earnings per share for the quarter and year ended Oct. 31, 2002, are expected to be in line with previous guidance of 24 cents to 25 cents per share for the quarter and 76 cents to 77 cents for the year.

Results for the 2002 fiscal year will be announced during the week of Dec. 9.

Shuffle Master said shuffler revenues are expected to show steady year-over-year growth in fiscal 2003, table games revenue growth is expected to maintain "strong momentum" and slot games are expected to show year-over-year growth of 20 percent in every quarter of fiscal 2003.

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