GPI posts significant Asian revenue boost amid executive level shake up

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GPI has announced its revenue for the second quarter of this year rose 51.6 percent from the prior year period, reaching $24.7m.

The casino equipment supplier, which also listed outstanding signed orders totalling $21.5m, highlighted Asia as a key market, both currently, and in the future.

“Sales in Asia came in at $6.8m, up from $2.1m in the year earlier,” said a statement from the company.

“We anticipate winning additional business, particularly in the Asia market due to the number of planned casino openings and expansions in the region.”

The report follows the recent resignation of GPI CEO, president, director, secretary and treasurer, Gregory Gronau, effective 21 September.

The company stated Gronau will step down “for personal reasons, and not a result of any disagreement with the company or its management.” The vacant executive positions will be filled by GPI CFO and chairman Alain M.

Thieffry “until a successor is appointed,” while Gronau will continue to act as consultant to the company until 31 December.

As well as a growing focus on the Asian market, GPI will also invest sig- nificantly in product innovation and improvement, utilising its exclusive US manufacturing and distribution rights for RFID chips and readers.

“We plan to commit a minimum of $0.5m in the second half of the year to develop product enhancements and speed up product development,” continued the statement.

“[GPI aims] to provide a table management solution that would combine visioning technology and immersive data analytics with our RFID technology.”

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