Gaming Partners International Corporation has reported a drop in earnings for the second quarter of the year, due primarily to fewer chip sales in Macau and a decrease in the sale of high-margin products.
Revenues for the Las Vegas-based casino currency and table gaming equipment supplier totalled $14.8m in the quarter, down from the $19.4m in the prior-year period.
Slower sales fed through to GPI’s bottom line, resulting in the company booking profits of just $440,000 in the period, down 78.1 per cent on the $2m reported last year.
"While the results for the second quarter were improved significantly from the first quarter in terms of revenue and a return to profitability, we are still disappointed in the numbers,” commented president and CEO Gerard Charlier.
"Despite our short-term results, we remain optimistic about the future based on our expectations for the continuing worldwide growth in the gaming industry and a leading position in the global casino currency market.”
