Shuffle Master reported record revenues for a first quarter driven by a 104% rise in Electronic Gaming Machine (EGM) revenues. Total revenue rose 28% to $56.1 million to secure its place on the Shuffle Master wall of fame. It came on the same day they acquired OnGame from bwin.party. Both pieces of news pushed the company’s share price to a four-year high. CEO Gavin Isaacs, gushed: “I couldn’t be more pleased with the great momentum and excitement that Shuffle Master has generated lately and the first quarter was no exception. Our record quarterly results, coupled with today’s announcement about our entering into an agreement to acquire Ongame Network, demonstrates that we’re growing our core businesses and successfully executing on our strategies to accelerate growth in the future.”
The creators of social gaming phenomenon Card Ace: Casino have been acquired by Big Fish Games. Self Aware Games and parent company Social Concept now come under the Big Fish umbrella with the game set for a further release as an HTML5 offering. Big Fish founder Paul Thelen added: “We are delighted to integrate one of the most talented mobile-social game development teams into Big Fish, and to extend our mainstream consumer reach to include the booming market of casino games. We look forward to delighting the enormous audience on Facebook with the Card Ace: Casino experience.”