Gaming Partners International reverses loss
Gaming Partners International Corp., a Las Vegas-based casino currency and table gaming equipment provider, on Thursday posted second-quarter earnings, reversing a year-earlier loss.
The company said net income was $2.1 million, or 26 cents per diluted share, for the three months ended June 30, reversing a net loss of $100,000, or 2 cents per diluted share, a year earlier.
Revenue rose 25.3 percent to $20.3 million from of $16.2 million.
Increases in sales of casino currency in the United States and radio frequency identification equipment in Asia spurred the quarterly profits, the company said in a statement.
The Street.com rates the stock “hold” and gives it a “C” grade.
The shares rose 76 cents, or 7.83 percent, Thursday to close at $10.41.
Contact Matthew Crowley at mcrowley@reviewjournal.com. Follow @copyjockey on Twitter.
