Shuffle Master, Inc. Announces Two New Additions to Its Board of Directors

Business Wire, Jan 24, 2008

LAS VEGAS -- Shuffle Master, Inc. (NASDAQ Global Select Market: SHFL) announced today that John R. Bailey and James L. Nelson have been appointed to the Company's Board of Directors. Each of Mr. Bailey and Mr. Nelson qualifies as an Independent Director pursuant to NASDAQ-listing requirements. This brings the total membership of the Company's Board of Directors to six, five of whom are independent; and the sixth of whom is Mark Yoseloff, the Company's CEO, who is also Chairman.

Mr. Bailey is an attorney. He is the founder and managing director of Bailey Kennedy, LLP, a law firm based in Nevada since 2001. From 1991 until 2001, Mr. Bailey was a partner at the Nevada law firm of Lionel Sawyer & Collins. Since 2001, Mr. Bailey has also been the Chairman of and a Commissioner on the Nevada State Athletic Commission. Since 1993, he has also been the Vice Chairman and a member of the Moral Character and Fitness Committee of the Nevada State Bar. Mr. Bailey is currently a Director of the Public Education Foundation, the Nevada Community Foundation, and the College of Southern Nevada Foundation.

Since 1986, Mr. Nelson has been the Chairman and CEO of Eaglescliff Corporation, a privately-held specialty investment consulting and wealth management company. He has also been a senior executive in several other privately-held companies involved in aviation, financial services and the mutual fund sectors. He was also president of a U.S.-based telecommunications equipment company involved in the building of cellular telephone systems in two major cities in China. Mr. Nelson currently serves on the Board of Directors and is the Chairman of the Audit Committee of Viskase Companies, Inc., a publicly-held supplier to the food industry. He also serves as a member of the Board of Directors and is on the Audit Committee of Icahn Enterprises G.P., the general partner of Icahn Enterprises L.P. (NYSE IEP), and serves on the Board of the latter's Nevada gaming subsidiary, which operates the Stratosphere Hotel and Casino, two Arizona Charlie's Hotels and Casinos, and the Aquarius Hotel and Casino.

Dr. Mark Yoseloff, Ph.D., Chairman and Chief Executive Officer of Shuffle Master, commented on Mr. Bailey's and Mr. Nelson's additions to the Board, saying: "I am pleased to welcome both John and Jim to our Board of Directors. Each brings strong experience to our Board. John's legal and regulatory background will be extremely helpful to the Company. Jim's financial expertise and experience, plus his service on other public Boards, coupled with his gaming knowledge, will also be very valuable to the Company. These are two great additions to our Board and we are fortunate that they have agreed to serve."

Shuffle Master, Inc. is a gaming supply company specializing in providing its casino customers Utility Products, including automatic card shufflers, roulette chip sorters and intelligent table system modules, to improve their profitability, productivity and security, and Entertainment Products, including live proprietary table games, electronic multi-player table game platforms, traditional video slot machines for select markets, live table game tournaments and wireless gaming solutions to expand their gaming entertainment content. The Company is included in the S&P Smallcap 600 Index. Information about the Company and its products can be found on the Internet at www.shufflemaster.com.

This release contains forward-looking statements that are based on management's current beliefs and expectations about future events, as well as on assumptions made by and information available to management. The Company considers such statements to be made under the safe harbor created by the federal securities laws to which it is subject, and assumes no obligation to update or supplement such statements. Forward-looking statements reflect and are subject to risks and uncertainties that could cause actual results to differ materially from expectations. Risk factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: changes in the level of consumer or commercial acceptance of the Company's existing products and new products as introduced; increased competition from existing and new products for floor space in casinos; continued consolidation of gaming operations; acceleration and/or deceleration of various product development, promotion and distribution schedules; product performance issues; higher than expected manufacturing, service, selling, legal, administrative, product development, promotion and/or distribution costs; changes in the Company's business systems or in technologies affecting the Company's products or operations; reliance on strategic relationships with distributors and technology and manufacturing vendors; current and/or future litigation, claims and costs or an adverse judicial finding; tax matters including changes in state, federal, or foreign state tax legislation or assessments by taxing authorities; acquisitions or divestitures by the Company or its competitors of various product lines or businesses and, in particular, integration of businesses that the Company may acquire; changes to the Company's intellectual property portfolio, such as the issuance of new patents, new intellectual property licenses, loss of licenses, claims of infringement or invalidity of patents; regulatory and jurisdictional issues (e.g., technical requirements and changes, delays in obtaining necessary approvals, or changes in a jurisdiction's regulatory scheme or approach, etc.) involving the Company and its products specifically or the gaming industry in general; general and casino industry economic conditions; our ability to attract and retain key personnel; the financial health of the Company's casino and distributor customers, suppliers and distributors, both nationally and internationally; adverse changes in the creditworthiness of parties with whom the Company has significant receivables; the pace of gaming expansion and the influence of anti-gaming constituents; the Company's ability to successfully and economically integrate the TGD business acquired from PGIC; the Company's high level of indebtedness, and specifically the Company's ability to meet debt service obligations and to refinance indebtedness, including the Company's $150,000 contingent convertible senior notes (the "Notes") and the Company's $100,000 senior secured revolving credit facility (the "Revolver"), which will depend on the Company's future performance and other conditions or events and will be subject to many factors that are beyond the Company's control; any statement with respect to anticipated regulatory or securities filings, anticipated release of information, internal control issues and the potential of delayed filings resulting from the steps required to complete the year-end audit; and various risks related to the Company's customers' operations in countries outside the United States, including currency fluctuation risks, which could increase the volatility of the Company's results from such operations. Additional information on these and other risk factors that could potentially affect the Company's financial results may be found in documents filed by the Company with the Securities and Exchange Commission, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and annual report on Form 10-K.