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ShuffleMaster Shows Profits Up 23%

US based casino hardware provider ShuffleMaster has released its second quarter financial report, highlighting a 23% increase in profits for the quarter, this despite the company's $28.5 million purchase of the Ongame online poker group.

Key financial indicators for the quarter were:

  • Net income up to $9.7 million, up from $7.9 million during the same quarter last year
  • Revenues up 10% over the same quarter last year, to $66.1 million
  • Table game products being leased out to land casinos generated a 13% rise in revenue

Commenting on his company's possible entrance into the US online poker market, ShuffleMaster CEO Gavin Isaacs said: "...the rollout of our interactive initiatives are key drivers of our future earnings potential and will write the next chapter of our profitable growth story."

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