GPI’s chief financial officer resigns
The chief financial officer of U.S.-based casino currency supplier Gaming Partners International Corp (GPI), Michael Mann, has resigned. Mr Mann had been appointed CFO in September last year.
GPI said in a filing the resignation was tendered on July 7, effectively immediately.
Notwithstanding his resignation, the company agreed to pay Mr Mann a severance payment equal to three months of his annual salary, GPI said.
The company did not provide a reason for the sudden departure of Mr Mann.
GPI chairman Alain Thieffry was appointed interim CFO until a replacement for Mr Mann is hired. The company said it has already started the search for a new CFO.
GPI announced earlier this month the acquisition of GemGroup Inc, a U.S.–based manufacturer of playing cards, casino chips and table layouts, for US$19.75 million.
GPI supplies casino currency and table products for several Asian casino operators. The company has offices in Macau.
Sponsored Feature
Latest News
Features
-
Macau Peninsula to become 2nd-tier casino hub: analyst Macau’s traditional gaming zone on downtown peninsula... -
Manila casino attack gives sector pause Management at two major casino venues in the Philippine... -
Virtual sports, next big thing in Macau casino market? Hong Kong-listed casino equipment supplier Paradise... -
Still room for improvement at Studio City: pundits As Studio City – the US$3.2-billion, 2015 addition to... -
Fantan to baccarat: a new book on Macau gaming law Macau’s pacapio Chinese lottery game will celebrate its...
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
Huge storm wreaks damage, disruption in Macau August 23, 2017 
China ban on foreign casino backing is vague: analysts August 22, 2017 
MGM Cotai EBITDA to reach US$233mln in 2018: MS August 21, 2017