Bally Technologies Acquires Shuffle MasterBally Pays $1.3 Billion for Gaming Company |
|
Bally Technologies (BYI) , which is widely known for its manufactured electronic gaming systems, has agreed to buy Shuffle Master (SHFL) for $1.3 billion. SHFL, the manufacturer of automatic card shufflers for a variety of table games including poker, also makes chip sorters and slot machines similar to Bally.
SHFL was established in Las Vegas in 1983 and then made public in 1992. In the most recent quarter, the company obtained nearly 45 percent of its revenue from Australia and Asia.
Bally has received financing from Wells Fargo, Chase, Bank of America Merrill Lynch, Union Bank, JPMorgan and Goldman to follow through with the acquisition.
Gavin Issacs, SHFL’s chief executive, was confident in the business move.
“Like SHFL, Bally focuses on creating both entertaining player experiences through high-performing content and state-of-the-art technological solutions to increase productivity on the casino floor,” he said. “United, we become a larger, stronger organization that we believe will best position the company for future growth.”
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
