Casino equipment supplier Gaming Partners International Corp (GPI) has booked a 7.9% increase in revenue to US$87 million and 19.2% boost in gross profit to US$27 million in the year ended 31 December 2018, largely driven by strong growth in Asia-Pacific, the company revealed overnight.
The Asia-Pacific region was the fastest growing for GPI during the year, with revenue rising 12.5% to US$26.1 million and comprising 30.0% of the company’s sales. Europe and Africa increased 10.1% to US$3.0 million while the Americas grew 5.9% to US$57.9 million.
By business segment, casino currency comprised 44.2% of all revenue at US$38.4 million, up 17.1% year-on-year. Table accessories, table layouts, gaming furniture, dice, RFID solutions and shipping all enjoyed increases, while playing cards – making up 27.0% of revenue – was the only segment to decline, down 5.6% on 2017 numbers to US$23.5 million.
GPI recently announced a merger agreement that will Japanese playing card giant Angel Holdings acquire the company for US$110 million.