718789--1/18/2008--SHUFFLE_MASTER

related topics

{debt, indebtedness, cash}

{system, service, information}

{acquisition, growth, future}

{product, market, service}

{condition, economic, financial}

{competitive, industry, competition}

{gas, price, oil}

{operation, international, foreign}

{regulation, government, change}

{personnel, key, retain}

{property, intellectual, protect}

{financial, litigation, operation}

{interest, director, officer}

{stock, price, operating}

{product, candidate, development}

Our intellectual property may be infringed, misappropriated or subject to claims of infringement or invalidity. The gaming industry is highly regulated and we must adhere to various regulations and maintain our licenses to continue our operations. The possible transition to a new chief executive officer, and any search for and transition to a new chief financial officer, could be disruptive to our business. Litigation may subject us to significant legal expenses and liability. Our products currently in development may not achieve commercial success. We compete in a single industry, and our business would suffer if our products become obsolete or demand for them decreases. Our gaming operations, particularly our Utility Products, Electronic Table Systems and Electronic Gaming Machines may experience losses due to technical difficulties or fraudulent activities. We operate in a very competitive business environment. We are dependent on the success of our customers and are subject to industry fluctuations. Risks that impact our customers may impact us Certain market risks may affect our business, results of operations and prospects. If we do not retain our key personnel and attract and retain other highly skilled employees, our business may suffer. A downturn in general economic conditions or in the gaming industry or a reduction in demand for gaming may adversely affect our results of operations. Economic, political and other risks associated with our international sales and operations could adversely affect our operating results. We could face considerable business and financial risk in implementing acquisitions. If our products contain defects, our reputation could be harmed and our results of operations adversely affected. Our business is subject to quarterly fluctuation. Our ability to meet debt service obligations is subject to many factors that are beyond our control and may affect future operations. Our continued compliance with our financial covenants in our Revolver is subject to many factors, some of which are beyond our control. Substantial Leverage Our available cash and access to additional capital may be limited by our substantial leverage Additional Borrowings Available Despite our substantial leverage, we and our subsidiaries will be able to incur more indebtedness. This could further exacerbate the risks described above, including our ability to service our indebtedness. The restrictive covenants in the agreement governing our Revolver may limit our ability to finance future operations or capital needs or engage in other business activities that may be in our interest. Our ability to implement our Five Point Strategic Plan successfully is subject to many factors, some of which are beyond our control The success of our shift of emphasis from selling to leasing is subject to many factors, some of which are beyond our control We may be required to repurchase our Contingent Convertible Senior Notes

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718789--1/18/2008--SHUFFLE_MASTER_INC