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.
Jul 19, 2018Japan’s second piece of enabling legislation for establishing a domestic casino industry, the Integrated Resorts (IR) Implementation Bill, passed on Thursday its penultimate hurdle according to...
Jul 19, 2018
"If the [Macau casino] concessions are put up for bid, there will also be a lot of giant Chinese companies, some having nothing to do with gaming, which would like to take over these enormously successful casinos”
Professor emeritus at Whittier Law School in California, in the United States, and a visiting professor at University of Macau