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StumbleShuffle Master reports higher revenue
Wednesday, Sept. 8, 2010 | 5:47 p.m.
Despite tough times in the Las Vegas casino industry, industry supplier Shuffle Master Inc. today reported higher quarterly revenue and profits thanks to strong sales activity in Delaware, Pennsylvania, Australia, Singapore and the Philippines.
The Las Vegas-based company, which sells and leases card shufflers, table games and other products, posted a profit for its third quarter ended July 31 of $5.8 million or 11 cents per share, up from $5.6 million or 10 cents in the year-ago quarter.
Revenue jumped 14 percent to $51.5 million.
"Our strong quarter was the result of many factors including our diversified products providing benefits that our customers want, worldwide geographic diversity providing revenue stability, and the significant amount of increasing domestic lease revenues adding predictability" Phillip Peckman, interim CEO, said in a statement.
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