• 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 quarterly profit takes hit on debt expenses

Nov 17, 2015 Newsdesk Industry Talk, Latest News, World  


GPI quarterly profit takes hit on debt expenses

Casino currency and table gaming equipment supplier Gaming Partners International Corp (GPI) posted net income of US$1.7 million for the third quarter of 2015, down 39.3 percent from the prior-year period.

“The decrease in net income was primarily due to an increase in bad debt expense in 2015, and the absence of a tax benefit similar to the income tax benefit recorded in the third quarter of 2014,” the firm said in a filing last week.

The company stated it recorded revenues of US$19.8 million for the three months to September 30, down 2.5 percent from a year earlier. The decline in revenue was attributable to a decrease in casino currency sales “largely offset by an increase in consumable products,” GPI said.

The company reported sales in the Asia Pacific region of approximately US$5 million, accounting for 25 percent of total sales in the period. That compares to sales of US$6.9 million in Asia Pacific in the third quarter of 2014.

The company has three operating subsidiaries, including Macau-based GPI Asia Ltd that distributes GPI’s casino currencies, playing cards, and table gaming accessories in the Asia Pacific region.

GPI said it had a backlog of signed orders worth US$13.5 million at the end of September – including US$7.2 million from GPI Asia.

The firm announced in May it had received a US$7.2-million order to supply gaming chips and plaques for a new casino in Macau. The company said it expects all of the orders included in the September 30, 2015 backlog to be shipped to customers by December 31.


  • tweet
Related articles
  • Mainland tour groups to Macau to resume Feb 6: govt
    Mainland tour groups to Macau to resume...

    Feb 03, 2023  

  • Pagcor CEO confident gaming sector will fully recover soon
    Pagcor CEO confident gaming sector will...

    Feb 03, 2023  

More news
  • Macau early Feb average daily GGR higher than Jan: JPM
    Macau early Feb average daily GGR...

    Feb 06, 2023  

  • Macau tour trade returns at historic areas, resorts says govt
    Macau tour trade returns at historic...

    Feb 06, 2023  


Latest News

Macau early Feb average daily GGR higher than Jan: JPM

Macau early Feb average daily GGR higher than Jan: JPM

Feb 06, 2023  

Macau’s casino gross gaming revenue (GGR) for the first five days of February is estimated at MOP1.9 billion (US$235.1 million) – or MOP380 million per day – a level that suggests a “45...
Read More
Macau tour trade returns at historic areas, resorts says govt

Macau tour trade returns at historic areas, resorts says...

Feb 06, 2023  

Cambodia ops to Mar 31 for due tax on non-gaming: report

Cambodia ops to Mar 31 for due tax on non-gaming: report

Feb 06, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The resumption [of mainland package tours] is definitely good news: recovering foot traffic for casinos [in Macau] is really important and their comeback will help with that”

Hoffman Ma Ho Man

Deputy chairman of Success Universe Group, promoter of casino-hotel Ponte 16



Most Popular

  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Cyprus president says Melco CoD Mediterranean to aid nationCyprus president says Melco CoD Mediterranean to aid nation February 6, 2023
  • Macau early Feb average daily GGR higher than Jan: JPMMacau early Feb average daily GGR higher than Jan: JPM February 6, 2023
  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us