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SHFL Entertainment CEO Gavin Isaacs on the company’s potential growth as more states consider legalizing online gambling.
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That's about I gaming within the last few weeks both Nevada and New Jersey brought the number of states with legal online gambling.
To three -- -- -- incipient stages but as -- states consider a similar move.
How could the move to online gambling not only help casino revenues but may be your portfolio through certain gaming companies.
Joining us now -- -- Fox Business exclusive is Gavin Isaacs.
-- -- entertainment CEO from Las Vegas and Gavin.
Expo to our viewers exactly what you do that would help you capitalize on the growing popularity by gaining.
Jolie is thank you we have a lot of proprietary table games the people in casinos a very familiar with.
Titles like three -- poke up ultimate Texas hold it.
Let it ride casino war.
And what we've done is we've taken those guys and put them on so others cited it.
Any casino site where it's legally allowable to do so can often does guy aims to their clients.
You know back in June and July your stock took a dip but you've really managed to come back and and here's a three year picture it's really -- not to not to much to it to look down on it all looks pretty healthy but.
As we look toward what -- happen with the stock.
It's really only 33 states that have a legalize this I would think that that that really is sort of ground breaking and there may be more opportunity.
Do you look at other states and figure can you pinpoint which one might be next.
Well we we've we have absolutely -- follow all the sites we think Pennsylvania and Illinois have both announced in the last couple of guys that they're looking at it.
But don't forget that there's a lodge on line knock it off shall still.
And at the moment we aren't getting any revenues out of our online business we expect to start taking money on what online gaming in the next couple of.
Months yeah I wanted to make that clear that this is not an immediate just because Nevada and New Jersey -- said yes it does take about twelve to eighteen months to really get up and running but.
Once it does what do you expect what do you think will be the most popular games and how much does each really do you anticipate at your bottom.
You know it's -- early to tell from the actual how much drops the bottom line that we do expect that out guidance which are really popular in casinos.
Games like 3COM -- an ultimate Texas hold them.
We'll do very well on line and they already do do well in Europe -- that being -- you don't have your own online gambling site why not I would think that that's a real opportunity for him.
Nowhere -- B to -- -- we supply out casinos without content and now gangs and our other products.
And now for the on line wolf we we plan to provide a lack content and other products to casino online casino all prices.
We don't wanna compete with them in the -- -- -- -- All right no B to C at this point business to -- in OK so now I wanna ask you though -- -- your.
I guess do you call it a brick and mortar operation where you are not a story line but.
You're putting together reel slot machines are testing them in California and Oregon -- -- that's going -- -- could that be even bigger than the online opportunity.
Well certainly in the short term you know out coal businesses -- shuffling machines we have the we -- today it got shuffling machines.
And you know we've expanded into electronic tables.
And now it's a moving into slots we already have a lot small business in Australia and Asia.
And at the moment we actually have the number one guy immunize outside of bringing those -- into the North American market.
In a trial in the -- local casinos and then.
Slowly but surely getting the right formula to bring them into them the mine coal markets across the whole country picture -- -- very -- by -- That would sure would be nice -- you guys were the only ones in the space but you're not -- mean there's International Game Technology there's there's an -- technology.
What is your secret weapon to stay ahead in this -- to happen.
Well we had obviously we have very logical titles like we out of the clear leader entitles the for the -- side it's all about content you know we have.
Very unique in some wise but also not that definition on an -- are arguably guidance that we're running out of summary worried about Zynga.
Honestly not not really do we guy we have launched without Mississippi -- what about guidance on -- -- -- That's going to be fun to watch -- now.
Seat that you see that think it does well you say we're getting in there as well Gavin will be watching thank you so much for joining us.
Appreciate it thank you David Gavin Isaacs is is right there there's a whole road ahead with a bunch of other state -- gamblers not at all.
Audit of 25 cents -- we'll.
