GGRAsia – GPI flags special cash dividend of US$0.12 per share

GPI flags special cash dividend of US$0.12 per share

Nov 24, 2016 Newsdesk Industry Talk, Latest News, Top of the deck

Casino currency and table gaming equipment supplier Gaming Partners International Corp (GPI) is to give its shareholders a special cash dividend in December, the firm announced on Tuesday.

The dividend of US$0.12 per common share is to be paid on December 12 to shareholders of record as of December 1, GPI said in a press release.

As of November 18, the company had more than 7.9 million common shares issued and outstanding. GPI expects to spend approximately US$951,000 on the dividend.

GPI posted net income of US$2.4 million for the third quarter of 2016, compared to US$1.7 million in the same period in 2015, the firm said earlier this month.

In May GPI acquired the assets of Dolphin Products Ltd, a subsidiary of gaming supplier Entertainment Gaming Asia Inc that is focused on manufacturing and distributing gaming chips, gaming plaques and related products to casinos in Asia and Australia.

GPI said in its third-quarter results announcement that as of September 30 the firm’s customer order book – reflecting signed deals scheduled to be delivered in the following 12 months – stood at US$19.1 million. Of that, US$10.1-million-worth of sales were booked via the firm’s Asian subsidiary, Macau-based GPI Asia Ltd.