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Angel buyout of GPI to be completed at beginning of May

US-listed Gaming Partners International (GPI) has revealed that its buyout by Angel Holdings will be completed on May 1, 2019, much earlier than previously indicated. After that date, GPI will become a wholly-owned subsidiary of Angel and will be delisted from the stock exchange.

GPI first entered into an agreement and plan of merger with Angel in November 2018 for a cash transaction valued at approximately US$110 million.

Angel manufactures and supplies playing cards and card games for both the gaming industry and the retail market. Angel’s many products include the best-selling Angel Protect Pre-shuffled Cards, and the Angel Eye series of electronic shoes. Angel’s principal business office is located in Kyoto, Japan, with manufacturing facilities in Japan and Singapore. Angel also has offices in the United States, Macau, Australia, and the Philippines.

GPI manufactures and supplies casino table game equipment to licensed casinos worldwide. Under the brand names of Paulson, Bourgogne et Grasset, Gemaco, Dolphin, and Bud Jones, GPI provides casino currency, including chips, plaques and jetons; playing cards; table layouts; gaming furniture and table accessories; dice; and roulette wheels. GPI pioneered the use of security features like radio frequency identification device (RFID) technology in casino currency and offers RFID solutions including RFID readers, software, and displays.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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