• 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 posts loss on lower currency sales

May 13, 2014 Newsdesk Industry Talk, Latest News  


GPI posts loss on lower currency sales

Casino currency provider Gaming Partners International Corp (GPI) posted a net loss of US$1.1 million for the first quarter of 2014, the company announced today.

The company had reported net income of US$0.5 million for the first quarter of 2013.

GPI said the decrease in net income was due to a decrease in sales of currency products, which caused fixed manufacturing costs to be allocated over lower production volumes.

The company reported revenues of US$10.6 million for the first three months of this year, compared to revenues of US$14.8 million in the first quarter of 2013.

The primary reason for the decrease in revenues was due to a reduction in worldwide casino currency sales in 2014 compared to 2013, caused by the lack of openings and expansions in 2014, the company said.

“Our quarterly results were negatively impacted by the lack of casino openings,” commented president and chief executive Greg Gronau. “Although there is potential for significant expansions in the second half of 2014, most of the major casino developments will take place in 2015 and beyond.”


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

    Jan 13, 2021  

  • Latest security in Abbiati Holo-Prismatic chips
    Latest security in Abbiati...

    Jun 11, 2019  

More news
  • MGM China had record market share in Jan: COO Wang
    MGM China had record market share in...

    Feb 09, 2023  

  • HK singer Joey Yung to open Studio City’s residency shows
    HK singer Joey Yung to open Studio...

    Feb 09, 2023  


Latest News

MGM China had record market share in Jan: COO Wang

MGM China had record market share in Jan: COO Wang

Feb 09, 2023  

Macau casino operator MGM China Holdings Ltd had a “record” market share in January, and its venues were the “highest-earning businesses” in the portfolio of the majority owner MGM Resorts...
Read More
HK singer Joey Yung to open Studio City’s residency shows

HK singer Joey Yung to open Studio City’s residency...

Feb 09, 2023  

Wynn to spend up to US$220mln in 2023 capex in Macau

Wynn to spend up to US$220mln in 2023 capex in Macau

Feb 09, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

"The company will scrutinise the [26 Capital] lawsuit and properly deal with it"

Universal Entertainment

Japanese firm that controls the Okada Manila casino resort in the Philippines



Most Popular

  • Macau mulls subsidy of up to US$62 per overseas visitorMacau mulls subsidy of up to US$62 per overseas visitor February 7, 2023
  • Macau early Feb average daily GGR higher than Jan: JPMMacau early Feb average daily GGR higher than Jan: JPM February 6, 2023
  • LVS ranked by S&P as most sustainable casino sector firmLVS ranked by S&P as most sustainable casino sector… February 8, 2023
  • Ex-junket boss Levo Chan aimed to go to Taiwan: policeEx-junket boss Levo Chan aimed to go to Taiwan: police February 7, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us