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Online Casino Deal Gets Progressively Longer
Sep 10, 2007
Author: Cathy Roberts
Leading international supplier of integrated online us casino and jackpot management system solutions, Progressive Gaming, has announced the extension of the period to complete the sale of its table games division to Shuffle Master to September 17.
The exclusivity agreement of the company with automatic poker card shuffler supplier Shuffle Master has been moved from the original deadline of September 7 to complete the final stages of legal documentation.
Using the proceeds of the sale the gaming company will settle up debt and for working capital purposes after it reported a $4.9 million net loss for the period ending June 30, 2007.
A wide range of products and services are offered by Progressive gaming, including gambling solutions in wired, wireless and mobile formats to over 1,000 casinos worldwide.
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