• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

GPI 3Q profit recovers quarterly as sales improve

Nov 14, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck  


GPI 3Q profit recovers quarterly as sales improve

Third-quarter net profit at Gaming Partners International Corp (GPI), a Nevada, U.S.-based casino currency and table gaming equipment maker, dropped 9.9 percent year-on-year to US$2.2 million. But net profitability improved drastically compared to the second quarter, when it fell nearly 98 percent due in part to an unfavourable timetable for casino venue openings.

In a filing on Monday, GPI revealed that its third-quarter revenue was US$24.6 million, increased by 9.2 percent year-on-year. Revenue-linked costs for the three months to September 30 went up 16.1 percent from the prior-year period, to US$17.5 million.

The company’s operating income in the third quarter was nearly US$3.1 million, 12.4 percent lower than that in the prior-year period. But the figure has improved substantially compared to the US$76,000 in the previous quarter.

The firm said in its commentary on the third quarter numbers: “The decrease in our net income was primarily due to a decrease in radio frequency identification (RFID) solutions sales, a write-down of US$0.7 million on slow-moving inventory items and an accrual of US$0.6 million for the workforce annual bonus, offset by an increase in currency sales.”

“In recent quarters, we disclosed that our results had been negatively impacted by manufacturing problems in our Blue Springs [Missouri, U.S.] facility impacting the margins earned on playing cards. We made substantial progress in the third quarter toward resolving those issues and improving card margins”, the firm said.

GPI’s third quarter net sales in the Americas was approximately US$12.5 million, down 8.3 percent compared to the prior-year period. Net sales in Asia rose by 33 percent year-on-year to US$11.6 million.

The Monday filing also reiterated that GPI’s results in general were “subject to substantial fluctuations from factors largely out of the company’s control, most notably the timing of casino openings and major rebranding… of casino currency”.

It added: “These uncertainties will continue to impact revenues and net income.”


  • tweet
Related articles
  • May AGEM Index rises 1.4pct on Aristocrat, Konami strength
    May AGEM Index rises 1.4pct on...

    Jun 10, 2019  

  • GPI-Angel merger to be concluded on May 1: GPI
    GPI-Angel merger to be concluded on May...

    Apr 22, 2019  

More news
  • Pagcor chairman keynote speech at SiGMA Asia
    Pagcor chairman keynote speech at SiGMA...

    Mar 28, 2023  

  • 3-month eVisa plan to boost Vietnam tourism: report
    3-month eVisa plan to boost Vietnam...

    Mar 28, 2023  


Latest News

Pagcor chairman keynote speech at SiGMA Asia

Pagcor chairman keynote speech at SiGMA Asia

Mar 28, 2023  

Alejandro Tengco (pictured), chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor), is to give the keynote speech for the opening of the SiGMA Asia conference for the...
Read More
3-month eVisa plan to boost Vietnam tourism: report

3-month eVisa plan to boost Vietnam tourism: report

Mar 28, 2023  

Kangwon Land slot brand Manila office eyes SE Asia sales

Kangwon Land slot brand Manila office eyes SE Asia sales

Mar 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”

Sherwin Gatchalian

Chairman of the Committee on Ways and Means of the Senate of the Philippines



Most Popular

  • Raffles hotel checks complete at Galaxy Phase 3: MGTORaffles hotel checks complete at Galaxy Phase 3: MGTO March 27, 2023
  • Melco’s Studio City has foreigner-only bet zone: checksMelco’s Studio City has foreigner-only bet zone: checks March 27, 2023
  • Foreigners can use HK-Macau free ticket says tourism bossForeigners can use HK-Macau free ticket says tourism boss March 27, 2023
  • Philippine lawmaker wants POGOs shut within 3 monthsPhilippine lawmaker wants POGOs shut within 3 months March 27, 2023
  • Macau diversification into non-gaming to remain slow: FitchMacau diversification into non-gaming to remain slow: Fitch March 24, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us