NORTH LAS VEGAS, Nev.,
May 16, 2016 /PRNewswire/
-- Gaming Partners International Corporation (NASDAQ: GPIC), a
leading worldwide provider of casino currency and table gaming
equipment, announced today that it has completed the purchase of
the assets of Dolphin Products Limited, a wholly owned subsidiary
of Entertainment Gaming Asia Inc. (NASDAQ: EGT) for approximately
$5.9 million. In addition, earn-out
payments may be made based on revenue from certain casinos.
Dolphin was a leading manufacturer and distributor of RFID
and traditional gaming chips and plaques under the
Dolphin® brand to major casinos in Asia and Australia.
"We are excited to announce we have completed the purchase of
Dolphin Products Limited including their portfolio of gaming
currency and manufacturing equipment," commented Gregory Gronau, GPIC's President and Chief
Executive Officer. "The acquisition will allow us to expand
our product portfolio while consolidating the manufacturing into
our existing plants to better serve our casino customers. The
acquisition continues our strategy of continually expanding the
suite of our products we offer our customers. Dolphin is a
well known brand in the industry and we look forward to adding
their products to our portfolio."
About Gaming Partners International Corporation
(GPIC)
GPIC manufactures and supplies casino table game equipment to
licensed casinos worldwide. Under the brand names of
Paulson®, Bourgogne et Grasset®,
Gemaco® and Bud
Jones®, GPIC provides casino currency such as
chips, plaques and jetons; playing cards; gaming furniture and
table accessories; table layouts; dice; and roulette wheels. GPIC
pioneered the use of security features such as radio frequency
identification device (RFID) technology in casino currency and
provides RFID solutions including RFID readers, software and
displays. Headquartered in North Las
Vegas, Nevada, GPIC also has manufacturing facilities,
warehouses and/or sales offices in Beaune, France; San
Luis Rio Colorado, Mexico; Blue Springs,
Missouri; Atlantic City, New Jersey; Gulfport,
Mississippi; and Macau
S.A.R., China. For additional information, please
visit http://www.gpigaming.com.
Safe Harbor Statement
This release contains "forward-looking statements" based on
current expectations that are inherently subject to known and
unknown risks and uncertainties, such as statements relating to the
integration of acquisitions; new product offerings; manufacturing
capabilities and operational efficiencies; anticipated future sales
or the timing thereof; fulfillment of product orders; the long-term
growth and prospects of our business or any jurisdiction in which
we operate; and the long term potential of the RFID casino currency
solutions market and our ability to capitalize on any such growth
opportunities. Actual results or achievements may be materially
different from those expressed or implied. Our plans and objectives
are based on assumptions involving judgments with respect to future
economic, competitive and market conditions, the timing of and
ability to consummate acquisitions, and future business decisions
and other risks and uncertainties identified in Part I-Item 1A,
"Risk Factors" of our Annual Report on Form 10-K for the period
ended December 31, 2015, all of which
are difficult or impossible to predict accurately and many of which
are beyond our control and are subject to change. Therefore, there
can be no assurance that any forward- looking statement will prove
to be accurate.
For Further Information Contact:
Gregory S. Gronau, President
and Chief Executive Officer
PH:
702.384.2425
FX: 702.384.1965
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SOURCE Gaming Partners International Corporation