Strong growth is expected in the next 12 months for Gaming Partners International, which has a number of planned casino openings and expansions in Asia.
This news comes soon after global licensing and development agreements with AI developer BrainChip and data science company Xuvi.
These positive developments are set to offset the news that the company has seen revenues for the first quarter of 2018 drop by $0.2m, or 1.2 per cent, to $18.7m, compared to the same period in 2017. This was partially offset by an increase in casino currency sales.
"The margins from the casino playing cards product line declined in the quarter," the company said. "This is mainly due to a combination of an increase in depreciation expense and other fixed costs incurred to improve quality and a decrease in sales."
The company also reported a decrease of $1m in net income compared to Q1 2017, which was attributed to an increase in research and development expenses, as well as an increase in costs due to the weakening of the US dollar compared to the euro and the Mexican peso.