Bally Technologies Inc, a maker of Casino games, stated that it would purchase SHFL Entertainment Inc. The deal would be around US$1.3 billion as the company sought to broaden its reach in Asia and Australia.

The bid of US$23.25 for every stock in cash represented a 24% premium to SHFL's closing on Monday. On Tuesday, SHFL stocks climbed 21% to US$22.70 in premarket trading. SHFL manufactured products like automatic card shufflers and chip sorters. It reported an income of US$259 million in 2012.

Bally, the slot-machine manufacturer said that the agreement included the assumption of US$8 million debt. It would expand and strengthen its presence in vital regions like China. The Las Vegas-headquartered corporation added that it pledged to provide financing for the deal.Bally said that the deal was anticipated to begin adding to its profits per stock and free cash flow within twelve months after the completion. By the second quartile of 2014, the deal was expected to be finalized.