Shuffle Master posts $973,000 net loss

Gambling equipment provider Shuffle Master, which will change over chief executives next week, posted a net loss of $973,000 or 2 cents a share for the quarter that ended on Jan. 31.

Outgoing Shuffle Master Chief Executive Officer Mark Yoseloff, in his final earnings report with the company, said today that revenues fell 9 percent because of weakening currency in Australia and Europe.

Yoseloff, who has been with Shuffle Master for 15 years, will be replaced next week by Tim Parrott, who most recently oversaw the American operations for Australian slot machine maker Aristocrat.