Table game supplier Shuffle Master Gaming announced it has purchased nearly nine acres of land near Jones Boulevard and Interstate 215 in Las Vegas for a new consolidated headquarters and manufacturing facility.
Purchased for approximately $2.2 million, the land will be home to nearly 110,000 square feet of new office and manufacturing space, bringing all local departments, services and employees to one location. Shuffle Master’s current headquarters comprise four separate building leases that house executive and corporate departments, manufacturing, warehouses, an interactive division and a products showroom.
“This is a very exciting time of growth for Shuffle Master and we are clearly ‘on the move’—literally and figuratively,” said Shuffle Master CEO Gavin Isaacs. “When we first moved into our current location nearly 15 years ago, the company generated $27 million in annual revenues and had just two product lines. Fast-forward to today, Shuffle Master generates close to 10 times those annual revenues and offers five diverse product categories to customers around the globe.
“Given our significant evolution over the years, a new consolidated facility will serve to promote greater efficiencies in the business and allow us to create the right infrastructure for future growth.”
Construction is scheduled to begin this summer and to be completed in fall 2013. A groundbreaking ceremony is scheduled for September.