
Investors were very satisfied displayed by the fourth annual report (for the year 2009) offered by Shuffle Master Gaming Inc. last week. According to the report, in addition to positive figures for the final months of last year, apparently also augur well for the 2010.
For the study period (which ended on October 31, 2009), net income was $ 6.2 million or $ 0.12 per share. Compared with the previous year (2008), these numbers look very encouraging. During the same period in 2008 the company had suffered losses of $ 15 million or $ 0.28 per share.
Tim Parrott, CEO of the company, said he believed that Shuffle Master would find new places in the gaming industry and that would open new markets for the company. Among the next Shuffle Master investments include the racino and casino fully equipped with table games.
As Pennsylvania has just approved the installation of table games at its casinos, companies like Shuffle Master will take to become a new place in the burgeoning American casino industry.
“We anticipate that we will lose some share in Atlantic City,” said Parrott, “but at the same time, we firmly believe that will open a new era in the market for electronic games and board games live.”
In the earnings report of the fourth quarter of 2009 included the sale of casino equipment worth $ 1.6 million, purchased by the flamboyant star of CityCenter: Aria casino.




