Shuffle Master Reports Record Quarterly ProfitsLas Vegas-based Company's Year-Over-Year Revenue Up 13 Percent |
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On Wednesday, Las-Vegas based Shuffle Master, Inc., a global gaming supplier which produces automatic card shufflers, slot machines and other gaming devices, announced record quarterly profits.
The company’s total revenue increased year-over-year by 13 percent to $58.3 million. “We achieved record [earnings before interest, taxes, depreciation and amortization] in the quarter through superior execution on three fronts: product innovation, continued commitment to grow recurring revenue, and disciplined expense management,” CEO Gavin Isaacs said in a press release.
Revenue from U.S. sales dropped from 54.2 percent to 45.6 percent, while business in Australia increased from 25 percent to 35 percent.
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