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MathExtremist
MathExtremist
MathExtremist
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July 16th, 2013 at 7:46:15 AM permalink
Breaking news from the RJ:
http://www.reviewjournal.com/business/casinos-gaming/bally-technologies-acquire-shfl-entertainment-13-billion
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563
Paigowdan
Paigowdan
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July 16th, 2013 at 7:57:44 AM permalink
Wow....
Beware of all enterprises that require new clothes - Henry David Thoreau. Like Dealers' uniforms - Dan.
UCivan
UCivan
UCivan
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July 16th, 2013 at 8:06:59 AM permalink
Would SHFL still have time to buy Galaxy, leaving DEQ alone as the 2nd largest distributor.
Nareed
Nareed
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July 16th, 2013 at 8:08:27 AM permalink
I see electronic 3CP just over the horizon...
Donald Trump is a fucking criminal
Ibeatyouraces
Ibeatyouraces
Ibeatyouraces
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July 16th, 2013 at 8:09:36 AM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
Buzzard
Buzzard
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July 16th, 2013 at 8:10:50 AM permalink
This will not be good news for some SHFL employees, I fear.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
UCivan
UCivan
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July 16th, 2013 at 8:16:55 AM permalink
Cash out SHFL stocks and start another company or join Galaxy or DEQ like many a former SHFLers.
Buzzard
Buzzard
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July 16th, 2013 at 8:23:54 AM permalink
Always had a soft spot in my heart for Bally's. Were it not for their pinball machine in the 50's and 60's, half the bars and diners in Baltimore would have gone out of business.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
onenickelmiracle
onenickelmiracle
onenickelmiracle
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July 16th, 2013 at 8:24:36 AM permalink
These kind of deals wind up costing everyone more money from the casinos to the players. It's definitely better having power not so concentrated for the majority of people.
I am a robot.
Wizard
Administrator
Wizard
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July 16th, 2013 at 8:25:07 AM permalink
I hope our own pacman will still have a job.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
DJTeddyBear
DJTeddyBear
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July 16th, 2013 at 8:25:51 AM permalink
Holy crap.

I wonder if this is a good thing or bad thing for those of us attending the SHFL Game Demo day.
https://wizardofvegas.com/forum/gaming-business/game-inventors/14357-shfl-game-demo-day/
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
UCivan
UCivan
UCivan
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July 16th, 2013 at 8:31:45 AM permalink
Why not be the CEO of Pacman Technologies, Inc.?
Ibeatyouraces
Ibeatyouraces
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July 16th, 2013 at 8:34:50 AM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
Boz
Boz
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July 16th, 2013 at 8:35:42 AM permalink
Quote: Buzzard

This will not be good news for some SHFL employees, I fear.



Is it ever when a buyout occurs?
Boz
Boz
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July 16th, 2013 at 8:37:02 AM permalink
Quote: Ibeatyouraces

If anyone knows the arcade game biz Ballys/Midway and Pacman go hand in hand.



So Ballys had people at the shooting at Minxx as well?
Buzzard
Buzzard
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July 16th, 2013 at 8:38:38 AM permalink
Quote: DJTeddyBear

Holy crap.

I wonder if this is a good thing or bad thing for those of us attending the SHFL Game Demo day.
https://wizardofvegas.com/forum/gaming-business/game-inventors/14357-shfl-game-demo-day/




I would bring my own sandwich, that's for sure.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
MathExtremist
MathExtremist
MathExtremist
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July 16th, 2013 at 8:39:05 AM permalink
Quote: Ibeatyouraces

If anyone knows the arcade game biz Ballys/Midway and Pacman go hand in hand.


Isn't Pac-Man a Namco product?

Edit: it is, but it was distributed in the US by Midway.
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563
Ibeatyouraces
Ibeatyouraces
Ibeatyouraces
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July 16th, 2013 at 8:42:30 AM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
UCivan
UCivan
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July 16th, 2013 at 8:45:35 AM permalink
Quote: DJTeddyBear

Holy crap.

I wonder if this is a good thing or bad thing for those of us attending the SHFL Game Demo day.
https://wizardofvegas.com/forum/gaming-business/game-inventors/14357-shfl-game-demo-day/

Is it still on?
DJTeddyBear
DJTeddyBear
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July 16th, 2013 at 8:45:44 AM permalink
Quote: MathExtremist

Isn't Pac-Man a Namco product?.


SHFL CEO Roger Snow uses the name Pacman here.
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
DJTeddyBear
DJTeddyBear
DJTeddyBear
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July 16th, 2013 at 8:54:03 AM permalink
Quote: DJTeddyBear

SHFL CEO Roger Snow uses the name Pacman here.


Correction: Executive Vice President, Chief Product Officer
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
Buzzard
Buzzard
Buzzard
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July 16th, 2013 at 9:03:19 AM permalink
I have personal knowledge that Roger and Ms Pac Man went home together recently for some up close and personal playtime !
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Zcore13
Zcore13
Zcore13
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July 16th, 2013 at 9:37:11 AM permalink
The two companies have completely different products. I can not see too many people at SHFL losing their job with the exception of possibly some upper management. They still need all their people in the field to continue doing their jobs.

ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
DJTeddyBear
DJTeddyBear
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July 16th, 2013 at 11:47:53 AM permalink
Quote: UCivan

Is it still on?

Yes.

I sent Roger an email to congratulate him on this news, and to ask if the game demo is still on.

His reply was brief: "See you Monday."
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
rdw4potus
rdw4potus
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July 16th, 2013 at 1:31:06 PM permalink
Quote: Zcore13

They still need all their people in the field to continue doing their jobs.



Do they? Bally's techs can't also service SHFL's table games machines? Bally's sales folks can't add SHFL's products to the portfolio that they're already selling? It seems like there's a lot of overlap in the field where two sets of staff could easily become one.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
EvenBob
EvenBob
EvenBob
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July 16th, 2013 at 1:34:31 PM permalink
Its never good for the company being bought, unless
you own a lot of stock. The new company always has
to put their 'brand' on the new acquisition, and that
means replacing execs with their own people.
"It's not called gambling if the math is on your side."
thecesspit
thecesspit
thecesspit
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July 16th, 2013 at 1:39:58 PM permalink
Quote: EvenBob

Its never good for the company being bought, unless
you own a lot of stock. The new company always has
to put their 'brand' on the new acquisition, and that
means replacing execs with their own people.



Can be very good for some (job security if the company is on unsettled footing). Some execs are very happy when they get brought out... they get a nice handshake, and they go to a smaller company and repeat the process of building up... I know several folks at the level above me who live for building up enterprises into companies that get merged into larger ones, get paid and repeat.

Course there will be job losses... but that's capitalism in action... make things more efficiently, produce faster, leaner and with less. Just as it should be.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
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