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LV gaming supplier reports earnings gains

Friday, Feb. 27, 2004 | 9:14 a.m.

Shuffle Master Inc. reported earnings of $5.9 million, 34 cents per diluted share, on revenue of $15.6 million. For the same quarter a year ago, the company reported earnings of $3.3 million, 19 cents per diluted share, on revenue of $11.9 million.

The company said revenue was up 31 percent and earnings up 30 percent over last year.

Mark Yoseloff, chairman and chief executive of the company, said the company's products segment, which sells and leases card shuffling machines, had a 26 percent increase in revenue while the company's entertainment products segment, which includes table game royalties and sales, had 36 percent growth for the quarter.

The company also said the acquisition BET Technology Inc., which owns the patents to several table games, and the proposed acquisition of Casinos Austria Research and Development, which has produced its own shuffling machines, would contribute $10 million in revenue in fiscal 2005 and that they would boost earnings 10 percent to 15 percent.

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