The opening of new casino jurisdictions in both the US and abroad helped Gaming Partners International deliver stronger revenues and profits in 2010.
In 2010, the company recorded revenues of $59.9m and net income of $4.4m, compared with $49.5m and $1m respectively in the previous year. Its gross profit was $21.7m, up from $15.9m in 2009.
GPI attributed this growth to higher sales, which president and chief executive officer Greg Gronau explained were driven by new casino openings.
"A significant contributor to increased sales in 2010 was sales from casino openings in Pennsylvania, Delaware and Singapore," he said. "This helped us end 2010 with a strong cash position and focuses us for potential future growth."
