Progressive Gaming Signs Definitive Agreement for Sale of Worldwide Table Game Division Assets and Agrees to Technology License with Shuffle Master in Transaction Valued at $37 to $47 Million.

Business Wire | September 26, 2007 | Copyright

Consideration Partially Comprised of $20.4 Million in Cash at Closing and $3.0 Million in Cash Expected to be Paid By Year-End

Progressive Gaming to Receive Fixed and Potential Variable Earn-Out Payments Through 2016 and Monthly Royalty Payments for Placements

LAS VEGAS -- Progressive Gaming International Corporation (NASDAQ: PGIC) ("Progressive" or "the Company") announced today that it has executed a purchase agreement with Shuffle Master Inc. (NASDAQ Global Select Market: SHFL) ("Shuffle Master") whereby Shuffle Master will acquire Progressive's worldwide ...

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