Tag Archives: Gaming Partners International
US – Gaming Partners stacks up revenue increase of US$6.8m
Gaming Partners International saw a jump of US$6.8m in its third quarter due to the added revenues of the recently acquired GemGroup and an upturn in currency sales in Asia region. The worldwide provider of casino currency and table gaming equipment, said its revenues came in at $20.3m, an increase of $6.8m, or 49.8 per…
US – GPI completes Gemaco take-over
Gaming Partners International has completed the purchase of GemGroup for US$19.75m. Gregory Gronau, GPIC’s President and Chief Executive Officer, said: “We are pleased to announce the successful completion of our acquisition of GemGroup and its well-known Gemaco-branded gaming products. In addition to adding their playing card and table layout products to our domestic product portfolio…
US –Fewer casino openings dents financial results at GPI
Lower casino currency sales and higher selling and administrative expenses saw revenues plunge at Gaming Partners International for both the fourth quarter and the full year. For the full year GPI, a provider of casino currency and table gaming equipment, saw net income slide to $1.2m, from $6.1m for the year ended 2012 Fourth quarter comparisons saw…
US – AGEM Index slides along with broader markets
Not unlike the broader equities’ markets, the AGEM Index reported a substantial decline in the first month of 2014 when compared to December 2013. In January, the composite index was 183.85, which was down 10.09 points or 5.2 per cent when compared to the prior month. The latest period represents the first substantial month-to-month decline…
ICE – Gaming Partners showing B&G J3 Jeton
Gaming Partners International will be displaying the latest currency and RFID advancements at ICE Totally Gaming. GPI has a long standing tradition of providing customers with a full range of casino currency and table game products and solutions and will be featuring an array of offerings designed to provide casino operators expanded chip, plaque and…
US – GPI suffers loss on Asian RFID downturn
Gaming Partners International (GPI) posted a net loss of $54,000 for the second quarter and six months ended June 30, 2013, compared to net income of $1.8m for the same period a year earlier. The decrease in earnings for the second quarter and first six months of 2013 was caused by lower gross margins and higher general and administrative expenses….
US – GPI buys Blue Chip rival
Gaming Partners International has bought The Blue Chip Company, a privately-held manufacturer of compression-moulded gaming chips. This transaction is part of GPIC’s previously announced strategy to use its strong cash position to acquire companies, products or technologies to enable it to grow its product offerings. Gregory Gronau, GPIC’s President and Chief Executive Officer, said: “We…
