SHFL Entertainment Buys ProTec Games

On Wednesday, casino gaming equipment maker SHFL entertainmentannounced that it has acquired Chinese electronic gaming maker ProTec Games for an undisclosed sum.

In a statement on the acquisition, SHFL Chief Executive Officer Gavin Isaacs noted that SHFL has worked with ProTec over the past year, hiring the company to develop software for is slot machines and other electronic games, and has "been very happy with their work."

Happy enough to buy the whole company, apparently -- and investors seem happy as well. In response to SHFL's announcement, they bid up the company's shares 3.7% to close at $16.01.

The article SHFL Entertainment Buys ProTec Games originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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