Table Games Deal Shuffles Into Place
By staff
Progressive Gaming International (PGIC), the leading international supplier of integrated casino and jackpot management system solutions, has announced that it has secured a definite agreement for the sale of its table games division to Shuffle Master, after weeks of setbacks.

The deal will see Shuffle Master acquire the assets of the worldwide Table Game Division including the worldwide rights and lease contracts for all of Progressive’s table game titles such as Caribbean Stud and Texas Hold’em Bonus.

Under the conditions of the agreement, PGIC will receive upfront payments of roughly $22.8 million, $19.8 million of which will be paid upon deal’s conclusion with a further $3 million paid as an advance on revenues that should be generated when both PGIC’s system and Shuffle Master’s table games are integrated.

The agreement is expected to complete within the next few days, according to Shuffle Master.

 
 
 
 
 
Online Casino News.com provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.