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Shuffle Master, IGT and Progressive Gaming Sign Integration Agreement

15 Jun 2005

LAS VEGAS -- (PRESS RELEASE) -- Shuffle Master, Inc. (NASDAQ National Market: SHFL), International Game Technology (NYSE: IGT) and Progressive Gaming International Corporation (NASDAQ National Market: PGIC) today announced a worldwide product integration agreement to create a comprehensive, automated table management solution using complementary capabilities, technologies, and resources of the three companies.

Under the terms of the agreement, Shuffle Master will be the provider of automatic card shufflers, card reading intelligent shoes, card and chip sorters and verifiers. IGT will be the provider of back-end table gaming management systems, including player tracking, patron loyalty and rewards, as well as bonusing applications. Progressive Gaming will be the provider of RFID bet recognition, automated gaming chip tracking and payoff recognition. Each company will cooperatively interface their respective products into a combined product offering to be known as the Intelligent Table System ("ITS"). The agreement also provides a framework for the cooperative development of new technologies and products that build on automated table management and real-time monitoring of player activity.

Mark L. Yoseloff, Shuffle Master Chairman and Chief Executive Officer commented, "The development of a comprehensive table management system solution is a very large and complex undertaking. Rather than each company attempting to invent the technology independently of one another, we have decided to combine our collective efforts, with the goal being to bring this technology to market in a more timely and cost effective manner for the benefit of our casino customers." Yoseloff concluded, "We are looking forward to partnering with IGT and Progressive Gaming on this important technology initiative."

Rich Schneider, President of IGT's Gaming Systems Division, remarked, "The strategic and competitive value of well implemented casino management and patron loyalty systems has been well established in recent years. We see the extension of this technology into the table games area as the next logical phase in the expansion of these products. We are very pleased to join Shuffle Master and Progressive Gaming as part of this initiative. It is clear to us that the combination of each company's intellectual property and technology can result in products that are superior to those that any one company could develop independently."

Russ McMeekin, President and Chief Executive Officer of Progressive Gaming stated: "We believe the gaming industry on a global basis is in an excellent position to fully adopt a comprehensive table management system. The technology has evolved to the right level for casinos to recognize very compelling benefits. It is our goal to exceed the expectations of our customers for increasing revenues and profitability from using a table management solution developed through this arrangement."

 
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