Sun coverage
Two Las Vegas-based casino suppliers reported financial results this week showing business was steady in the third quarter.
Gaming Partners International Corp., maker of casino chips and table game equipment, said revenue grew from $12.4 million in the year-ago quarter to $13.8 million in this year’s period, thanks to strong chip sales to casinos in Macau.
The company earned $477,000, or 6 cents per share, vs. $761,000, or 9 cents, in the 2010 quarter.
Separately, casino ATM operator Global Cash Access Holdings Inc. (GCA) said revenue of $136.9 million in the third quarter was off 10 percent from the year-ago quarter after the company lost its largest customer, Caesars Entertainment Corp., in late 2010.
“Base revenue,” factoring out the Caesars numbers, increased by $5.8 million, GCA said.
GCA earned $1.6 million, or 3 cents per share, in the third quarter vs. $5.3 million, or 7 cents, in 2010’s third quarter.
Global Cash CEO Scott Betts said the company is seeing “increased stability and modest growth” in its main business of operating casino ATM machines and providing credit services to casinos.
He said the company’s planned acquisition of competitor MCA Processing LLC’s operations, including its contract with Caesars Entertainment, “will bolster our position as the leading provider of integrated cash access products and services to the gaming industry.”