SHFL Entertainment Sees Quarterly Revenues Jump 17%

This story was published more than 7 years ago.

US based gaming firm SHFL Entertainment (formerly known as Shufflemaster) has released its latest quarterly numbers, showing a 17% increase in quarterly revenues when compared with the same period a year ago.

Key financial indicators for the period ending April 30th were:

  • Revenues of $77.4 million for the quarter.

  • Utility, Electronic Gaming Machine ("EGM"), and Proprietary Table Games ("PTG") businesses all saw double-digit growth over the same period last year.

  • Recurring revenue grew 8% year-over-year to $31.2 million. A $1.2 million increase in PTG recurring revenue accounted for over half of recurring revenue growth.

  • Net income increased 22% year-over-year to a record $11.8 million.

Commenting on his company's performance SHFL Chief Financial Officer said, "Our diverse businesses continue to deliver solid financial results. We are confident that keeping our IP-rich businesses well-capitalized has been, and will continue to be, our most important use of cash. However, given our balance sheet's current strong position, we will continue to look at the best way to manage a balance between investing in our business and capital allocation."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.