Shuffle Master Terminates Chief Financial Officer

LAS VEGAS -- (PRESS RELEASE) -- Shuffle Master, Inc. (NASDAQ National Market: SHFL) announced today that it has terminated Gerald W. Koslow, its Chief Financial Officer, for cause for failing to immediately disclose to the Company his arrest for domestic disturbance in mid-April and for failing to disclose the arrest in several regulatory filings. Although the termination is completely unrelated to any financial, financial reporting or SEC matters or responsibilities, Koslow's failure to disclose the incident to the requisite agencies necessitated his immediate termination.

Shuffle Master announced that Paul C. Meyer, President and Chief Operating Officer, has, effective immediately, become acting Chief Financial Officer. Mr. Meyer has held CFO positions with other public companies. Mr. Meyer has also become Secretary of Shuffle Master, replacing Mr. Koslow.

Mark L. Yoseloff, Ph.D., Chief Executive Officer and Chairman of the Board, stated, "Shuffle Master highly regards the regulatory licensing policies and procedures, and Mr. Koslow's failure to properly disclose a personal matter is unforgivable and required this immediate action." Yoseloff added, "Paul Meyer is extremely talented and will fill the role of Chief Financial Officer admirably until Mr. Koslow is replaced."

Shuffle Master also announced that it will promptly begin a search for a new Chief Financial Officer.

Shuffle Master, Inc. is a gaming supply company specializing in providing its casino customers Utility Products, including automatic card shufflers, to improve their productivity and security, and Entertainment Products, including proprietary table games and Table Master(TM) games to expand their gaming entertainment content. The Company is included in the S&P Smallcap 600 Index. Information about the Company and its products can be found on the Internet at www.shufflemaster.com.