Monday, August 08, 2022

GPI completes purchase of Dolphin Products


Casino currency and table gaming supplier Gaming Partners International Corporation announced on Monday it had completed the purchase of the assets of Dolphin Products Limited.

Dolphin, a wholly owned subsidiary of Entertainment Gaming Asia Inc. was purchased for approximately $5.9 million, according to a press release.

In addition, earn-out payments may be made based on revenue from certain casinos.

"We are excited to announce we have completed the purchase of Dolphin Products Limited including their portfolio of gaming currency and manufacturing equipment," commented Gregory Gronau, GPIC's president and chief executive officer.  

"The acquisition will allow us to expand our product portfolio while consolidating the manufacturing into our existing plants to better serve our casino customers. The acquisition continues our strategy of continually expanding the suite of our products we offer our customers. Dolphin is a well known brand in the industry and we look forward to adding their products to our portfolio."

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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