Apparently, more and more online casino are using automated shufflers than the skilled hands of their poker dealers.
Shufflemaster, a Las Vegas-based distributor of table games and table games-related products, continues to increase its profits.
Shuffle Master said Tuesday its net income for the quarter ended July 31 was almost $3 million, compared with $2.7 million a year ago.
Revenues rose 9.8 percent to $49.5 million from $45.1 million.
“In three months time, we committed to a refinancing solution and successfully executed it thereby strengthening the balance sheet,” Shuffle Master Chief Executive Officer Mark Yoseloff said, according to Las Vegas Gaming Wire. “We will now turn our attention to cost control and expense reduction.”
Company executives said Shuffle Master is moving away from direct sales of its products toward a business model that focuses on leasing the equipment to casinos.
I know blackjack players for years have railed against multiple-deck shufflers, and recently more casinos have done back to single deck shufflers, or dealer shuffling, at blackjack games to attracts more gamblers.
Shuffling isn’t such a big issue in poker, where there is no card counting, but there’s something refreshing about seeing a dealer shuffle with his hands, rather than use a machine.
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