Nasdaq-listed casino currency and table gaming equipment supplier Gaming Partners International Corp (GPI) has announced the adoption of a stock repurchase plan that will see “up to 100,000 shares of common stock” being repurchased via the open market.
In a filing, GPI said the repurchase plan is part of a repurchase programme that was adopted in November 2011.
The programme was to enable repurchase “up to 410,000 shares”, the document said. “As of March 28, 2018, there were 215,590 shares of common stock available for repurchase under the repurchase programme,” the announcement added.
“Repurchases will be administered through an independent broker. It is expected that repurchases under the 2018 repurchase plan will commence in April 2018 and will be completed within one year,” the Wednesday filing said.
The firm did not name in the document the independent broker involved.
GPI announced in January a collaboration with BrainChip Holdings Ltd to develop and deploy casino video analytic products. The latter is an Australia-listed developer of software and hardware for advanced artificial intelligence (AI) and machine learning applications.
Jun 22, 2018Casino investor Landing International Development Ltd has told GGRAsia it considers it has a “legally-binding contract” for land in the Metro Manila area (pictured) in the Philippines for a...
Jun 22, 2018
Year-on-year decline in overall turnover recorded in 2017 by South Korea’s foreigner-only casinos