Shuffle Master, Inc. Renews CEO Contract

LAS VEGAS -- (Press Release) -- Shuffle Master, Inc. (NASDAQ National Market: SHFL) announced today that its Chairman of the Board and Chief Executive Officer, Mark L. Yoseloff, Ph.D., will continue to guide the Company at least through 2007. Terms of his contract are undisclosed.

Retaining Dr. Yoseloff as Shuffle Master's Chairman of the Board and Chief Executive Officer represents a significant accomplishment for our Company," stated Garry W. Saunders, Chairman of the Company's Compensation Committee of the Board of Directors. "Mark's leadership and vision have enabled Shuffle Master to dramatically expand its core business and his future guidance will be an integral part of our future success in our utility and entertainment products market. With Dr. Yoseloff at the helm, our Board of Directors is confident that Shuffle Master will be in excellent hands in the coming years."

Dr. Yoseloff joined Shuffle Master in June 1997 as executive vice president and was promoted to Chief Executive Officer in June 2001. As a former senior executive for Coleco Industries, Yoseloff joined Shuffle Master with over 20 years experience in the design, development and manufacturing of electronic games. His work has resulted in the creation of more than 150 electronic game products and video products for leading gaming companies. The co-author of a college text on discrete mathematics and probability theory, Dr. Yoseloff received a doctorate in finite mathematics from Princeton University and taught mathematics and computer science at Princeton University and Arizona State University.

"Dr. Yoseloff commented that, "Shuffle Master is one of the most dynamic and innovative companies in any industry. I am extremely pleased to have the opportunity to continue to lead our outstanding team of dedicated employees as our company grows. With this contract extension I look forward to implementing the strategic initiatives recently put into place."