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ISSUE 96 - Apr 2012
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2012?
Decline
Growth above 20 percent
Growth from 10 to 20 percent
Stagnation
 
 

Shuffle Master seeking European alliances


Posted: 2/15/2012 3:43:16 PM
Rating:     0% ( votes)
  

Casino equipment maker Shuffle Master Inc. is looking for acquisitions of game or technology companies, though it prefers to make joint ventures, chief executive Gavin Isaacs said.

The Las Vegas-based company has the ability to buy companies, with only US$17 million (MOP136 million) in debt, and about US$200 million in borrowing capacity, said Mr Isaacs, speaking in an interview with GamblingCompliance during last month’s ICE Totally Gaming conference in London.

It is unlikely to spend that sum in one big transaction, he added.

“We buy games, we buy intellectual property all the time; that’s our strategy.”

Joint ventures are more likely, especially in Europe, he said.

Shuffle Master is allegedly talking to Bwin.Party Digital Entertainment about buying the U.K.-listed company’s Ongame poker network for about US$20 million, the Sunday Times said, without citing any sources.



Other Macau Latest News

TransAct appoints new sales manager for Asia

Rashid Suliman will be responsible for the sales of the company’s products in Macau

Venetian hosts Ice World

The exhibit will last until September 16

Melco Crown to participate in Dragon Boat races

Around 50 Melco Crown employees have joined forces to form two teams

Bank tellers with two-digit salary growth

Wage increases outpace the inflation rate
Headlines

Final review on rules for smoking areas inside casinos

Casinos will have to divide their floor into smoking and non-smoking areas starting next year

Homes more expensive

The average transaction price of all residential units sold in the first three months of 2012 reaches a new all-time high

Sands China renews Edward Tracy’s contract

The company’s president and CEO has had his contract extended until August next year

Studio City to receive casino approval “soon”: report

Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports

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