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Sona Mobile gets $3 million boost

NEW YORK-Shuffle Master Inc. made a $3 million private equity investment in Sona Mobile Holdings Corp. via the purchase of 2.3 million shares of common stock, the companies announced.

Sona provides secure mobile solutions to the financial, enterprise, entertainment and gaming sectors. Shuffle Master is a gaming supply company that provides such products as automatic card shufflers, intelligent table systems and roulette chip sorters.

Earlier this month, Sona and Shuffle Master formed a strategic alliance that calls for Sona to develop a Shuffle Master-branded wireless gaming platform for use inside casinos. The platform is expected to feature handheld versions of Shuffle Master’s proprietary table game content along with other public-domain casino games.

As part of its investment, Shuffle Master also gained a seat on Sona’s board of directors.

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