• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

GPI narrows loss in second quarter

Aug 13, 2015 Newsdesk Industry Talk, Latest News, World  


GPI narrows loss in second quarter

Casino currency and table gaming equipment supplier Gaming Partners International Corp (GPI) posted a net loss of US$141,000 for the second quarter of 2015, compared to a net loss of US$1.2 million in the same period in 2014.

The company said in a filing on Wednesday it had revenues of US$16.2 million for the three months to June 30, up 59 percent from the prior-year period. Sales in the Asia-Pacific region reached US$2.2 million, accounting for 13.8 percent of total sales in the period.

Macau-based GPI Asia distributes GPI’s casino currencies, playing cards, and table gaming accessories in the Asia-Pacific region.

“The increase in results for the three months ended June 30, 2015 compared to the same period in 2014 is primarily due to the additional business generated by the GemGroup acquisition,” the firm said in its latest filing.

GPI paid US$19.75 million for GemGroup Inc, a deal concluded in July last year. Gemaco Inc, a unit of GemGroup, is a manufacturer of playing cards, casino chips and table layouts.

On Wednesday, GPI said it had a backlog of signed orders worth US$15.6 million at the end of June – including US$9.1 million from GPI Asia.

GPI announced in May it had received a US$7.2-million order to supply gaming chips and plaques for a new casino in Macau, which it said it expects to deliver later this year.

“The increase in revenue from playing cards and other consumables accounted for about 50 percent of our total net sales for the [second] quarter, and provides a source of recurring revenue that is not dependent on new casino openings,” Greg Gronau, GPI president and chief executive, said in a statement accompanying the results.

“We do anticipate several large casino openings in 2016 and beyond and believe we are well positioned to compete for that business,” Mr Gronau added.


  • tweet
Related articles
  • Quality fake chips sold online found at Macau casino
    Quality fake chips sold online found at...

    Jan 13, 2021  

  • Fake chip haul, loan-shark reports up 2019: Macau govt
    Fake chip haul, loan-shark reports up...

    Mar 06, 2020  

More news
  • Suncity to open clubs at Londoner Macao, Lisboa Palace
    Suncity to open clubs at Londoner...

    Feb 26, 2021  

  • Tech supplier Crane ups forecast for 2021 core sales
    Tech supplier Crane ups forecast for...

    Feb 26, 2021  


Latest News

Suncity to open clubs at Londoner Macao, Lisboa Palace

Suncity to open clubs at Londoner Macao, Lisboa Palace

Feb 26, 2021  

Macau junket investor Suncity Group has confirmed to GGRAsia on Friday that it was preparing the launch of new VIP gaming clubs at two separate Cotai casino resorts, respectively the Londoner...
Read More
Tech supplier Crane ups forecast for 2021 core sales

Tech supplier Crane ups forecast for 2021 core sales

Feb 26, 2021  

Border casino op Donaco posts positive EBITDA for Jul-Dec

Border casino op Donaco posts positive EBITDA for

Feb 26, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day


US$53.4 million

Adjusted EBITDA reported by Asian casino operator Melco Resorts and Entertainment for the fourth quarter of 2020



Most Popular

  • Macau casino GGR soared in final days of CNY: brokeragesMacau casino GGR soared in final days of CNY: brokerages February 23, 2021
  • Pansy Ho sells off more stock in MGM Resorts for US$36mlnPansy Ho sells off more stock in MGM Resorts for US$36mln February 23, 2021
  • Macau removes last mainland cities from its quarantine listMacau removes last mainland cities from its quarantine list February 23, 2021
  • GEG in US$1.6bln construction deal on Galaxy Macau Phase 4GEG in US$1.6bln construction deal on Galaxy Macau Phase 4 February 22, 2021
  • Caesars out of Korea, ex-partner R&F asks 3yr delayCaesars out of Korea, ex-partner R&F asks 3yr delay February 19, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us