Shuffle Master, Inc. announced November 10th that it has entered into a Memorandum of Understanding with Lightning Poker, Inc.
Under the terms, Shuffle Master and Lightning Poker agrees to a distribution agreement where Shuffle Master will be responsible for the promotion, distribution, service and marketing of the Lightning Poker Gaming System all over the world.
Also part of their agreement is the term that Shuffle Master will have the option to make an equity investment in Lightning Poker Inc. Shuffle Master will also have the option to acquire an additional interest in the company if a Lightning Poker Inc. initial public offering takes place.
The Lightning Poker Gaming System is an innovative, fully-automated electronic poker table that can seat as much as 10 players. The players can make their game decisions through the high-tech touch screen betting stations. Moreover, the table can be configured to suit the players' game preference.
"We are pleased to offer the Lightning Poker electronic poker table as one of our electronic content delivery systems," stated Paul C. Meyer, Shuffle Master President and Chief Operating Officer.
"The consistent popularity of poker makes automated poker tables a natural technological progression. We are confident that the Lightning Poker platform, especially when offering our proprietary content, will be an important enhancement to casinos worldwide."
"We couldn't have found a better partner than Shuffle Master," stated Lightning Poker CEO Brian Haveson.
"The service excellence and distribution channels that Shuffle Master brings to Lightning Poker provides us with worldwide product support capabilities and sales contacts that will elevate our business to the next level."
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