Shuffle Master agrees to settle case, acquire licenses

Las Vegas-based casino equipment supplier Shuffle Master Inc. reached an agreement Thursday to pay Prime Table Games LLC $5.5 million to settle pending litigation and acquire intellectual property licenses.

"This agreement will eliminate some outstanding litigation and related future legal expenses as well as expand our table game intellectual property rights," said David Lopez, Shuffle Master's interim CEO.

In a separate transaction, Shuffle Master acquired Prime Table Games licenses to the Three Card Poker Internet rights in the British Isles for $1.5 million, which includes cell phone gaming.