It is pure sleight of hand, although in my opinion it isn't one of the better examples of a haunted deck routine and is one of the weaker effects on the DVD.
It uses a lot of cover and is nowhere near as impressive as gimmicked haunted deck routines (or other impromptu ones).
If you bought the DVD for this effect I think you would be dissapointed, if you wanted to use the other material on the DVD as well it would be a good purchase.