Operator News
US – GPI sees revenues increase in 2016
By Phil - 27 March 2017
Gaming Partners International (GPI) reported net income of US$700,000 for the fourth quarter of 2016 and revenues of US$23.1m.
The results compared with net income of US$3.4m on US$23.5m in revenue for the fourth quarter of 2015.
For full year 2016, the company posted net income of US$5.2m on revenues of US$82.1m, compared to net income of US$6.9m and revenues of US$78.2m for 2015.
“This increase in revenues is primarily due to the casino currency, the playing cards and the RFID solutions product lines, offset by a decrease in the table layouts product lines,” the company stated. “The 2016 net income includes a US$0.4m impairment loss on intangible assets while the 2015 net income includes a gain of US$1.3m on the sale of a building and land we owned in Las Vegas, Nevada. In the fourth quarter of 2016 we shipped our first order of Dolphin chips. With the acquisition of assets from Dolphin, we have strengthened our position in the growing Asia market.”
“While there are a number of casinos scheduled to open in 2017 and 2018 in Macau, continuing uncertainty arising from regulators’ decisions on the timing of openings and the number of tables allotted to each new casino will impact both the amount of revenue we recognise and the timing of revenue recognition.”
