Shuffle Master to Sell Assets

13 Jan 2004

LAS VEGAS -- (Press Release) -- Shuffle Master, Inc. (NASDAQ National Market: SHFL) announced today that it has entered into an agreement to sell certain of its slot assets to IGT.

Under the terms of the agreement, Shuffle Master will sell to IGT its share of their strategic alliance slot operations, related inventory and will convey to IGT certain intellectual property, including slot product patents and licenses. Additionally, the Company will terminate its initiative to develop retrofit games on IGT's S+ game platform. Financial terms were not disclosed.

Mark Yoseloff, Chairman and Chief Executive Officer of Shuffle Master commented, "On our last conference call we announced our intent to focus on our Utility Products, including our shufflers and Intelligent Table System, and Entertainment Products, including our proprietary games and Table Master(TM) products. This transaction represents the first tangible step in refocusing our strategy. Also, as we have stated in the past, we expect to sell our slot assets at a profit over the next several months."

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	Shuffle Master to Sell Assets 13 Jan 2004 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> LAS VEGAS -- (Press Release) -- Shuffle Master, Inc. (NASDAQ National Market: SHFL) announced today that it has entered into an agreement to sell certain of its slot assets to IGT. Under the terms of the agreement, Shuffle Master will sell to IGT its share of their strategic alliance slot operations, related inventory and will convey to IGT certain intellectual property, including slot product patents and licenses. Additionally, the Company will terminate its initiative to develop retrofit games on IGT's S+ game platform. Financial terms were not disclosed. Mark Yoseloff, Chairman and Chief Executive Officer of Shuffle Master commented, "On our last conference call we announced our intent to focus on our Utility Products, including our shufflers and Intelligent Table System, and Entertainment Products, including our proprietary games and Table Master(TM) products. This transaction represents the first tangible step in refocusing our strategy. Also, as we have stated in the past, we expect to sell our slot assets at a profit over the next several months."