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Shuffle Master and Elixir finally bury the hatchet
The five-year-long intellectual property dispute between Elixir Gaming and Shuffle Master has ended, with Shuffle Master paying between $2.4 and $2.8 million for Elixir Gaming's intellectual property related to card shuffling and card deck checking equipment, including the RandomPlus Shuffler, the ShufflePro Shuffler, and the DeckChecker. As part of the deal, Shuffle Master is to buy Elixir's inventory of those products.
Clarence Chung, Chairman and Chief Executive Officer of Elixir Gaming, commented: "Elixir Gaming can now focus management resources on addressing market opportunities that further our strategy of expanding our installed base of electronic gaming devices on a revenue participation model in developing Asian markets."
Timothy Parrott, Chief Executive Officer of Shuffle Master, stated: "I'm thankful that as one of his final contributions as CEO, Mark Yoseloff put the wheels in motion on this deal. I'm pleased that we can finally put the litigation matter behind us and look forward to taking on the Elixir Gaming product line, particularly the DeckChecker, which has proven to be an important product in the Asian market. Further, we look forward to the opportunity to work with Elixir Gaming in the future in supplying their growing slot machine and e-table business throughout Asia."
