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| 8-K - Gaming Partners International CORP | v204316_8k.htm |
Exhibit 99.1
FOR
IMMEDIATE RELEASE
Gaming
Partners International Announces Special Dividend
Las
Vegas, Nevada, December 1, 2010 — Gaming Partners International Corporation
(Nasdaq: GPIC), the leading worldwide provider of casino currency and table
gaming equipment, announced today that its Board of Directors has authorized a
special cash dividend of $0.1825 per share to be paid on December 21, 2010 to
shareholders of record as of December 13, 2010.
Commenting
on the dividend, Greg Gronau, President and CEO, said, “As we did in 2009, the
Company decided that it was in the shareholders’ best interests to pay a special
cash dividend for 2010. The dividend amount is $0.1825 per share and is
larger than last year's dividend. This reflects the Company’s increased
profitability during 2010 and the strong balance sheet which included more than
$22 million in cash and marketable securities at September 30, 2010. This
$1.5 million dividend payment reflects our past success and does not impair
our ability to pursue strategic initiatives.”
About
Gaming Partners International Corporation
GPIC
manufactures and supplies (under the brand names of Paulson®, Bourgogne et
Grasset® and Bud Jones®) casino chips, including plaques and jetons and low
frequency and high frequency RFID chips, low and high frequency RFID readers,
table layouts, playing cards, dice, gaming furniture, roulette wheels, table
accessories, and other products that are used with casino table games such as
blackjack, poker, baccarat, craps, and roulette. GPIC is headquartered in Las
Vegas, Nevada, with offices in Beaune, France; San Luis Rio Colorado, Mexico;
Atlantic City, New Jersey; and Gulfport, Mississippi. GPIC sells its casino
products directly to licensed casinos throughout the world. For additional
information about GPIC, visit our web site at www.gpigaming.com.
Safe
Harbor Statement
This
release contains “forward-looking statements” based on current expectations but
involving known and unknown risks and uncertainties, such as statements relating
to anticipated future sales or the timing thereof; the long-term growth and
prospects of our business or any jurisdiction; the duration or effects of
unfavorable economic conditions which may reduce our product sales; the long
term potential of the RFID gaming chips market and the ability of GPIC to
capitalize on any such growth opportunities; and the payment of any dividends in
the future. Actual results or achievements may be materially different
from those expressed or implied. GPIC’s plans and objectives are based on
assumptions involving judgments with respect to future economic, competitive and
market conditions, the timing and its ability to consummate acquisitions, and
future business decisions and other risks and uncertainties identified in
Part I-Item 1A, “Risk Factors” of the Company’s Annual Report on
Form 10-K for the period ended December 31, 2009, all of which are
difficult or impossible to predict accurately and many of which are beyond its
control. Therefore, there can be no assurance that any
forward-looking statement will prove to be accurate.
For
more Information please contact:
Gaming
Partners International Corporation:
Gerald W.
Koslow, CFO
702-598-2401
jkoslow@gpigaming.com