The third quarter for Shuffle Master has seen the company's profits lift by 56 per cent. The table games specialist reported profits of $9.1m in the quarter to July 31, compared with $5.8m in the comparative period of last year.
Revenue was up 13 per cent to $58.3m from $51.6m. CEO Gavin Isaacs pointed out in a release that recurring revenue was up 11 per cent in the quarter. Debt has fallen by 31 per cent to $38.6m from $56.3m at the end of the fiscal year in October 2010.
He reported that the company’s table games sector increased 11% in royalty and service revenues mainly due to increased supply of its Ultimate Texas Hold ‘Em, Blackjack Switch and Three Card Poker Progressive as well as Three Card Poker. Sales of electronic table systems saw a major decline, however, largely offset by revenue from electronic gaming machines.
