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Slide #13. Gaming Partners International Corporation — GEMGROUP Inc.
Gaming Partners International Corporation (NASDAQ:GPIC)
Gaming Partners International Corporation (NASDAQ: GPIC) announces it has entered into a Binding Letter of Intent to acquire the assets of GemGroup Inc. and Subsidiaries in an all cash transaction. GemGroup is a privately-held manufacturer of casino currency, cards and table layouts primarily sold under the Gemaco brand. The Companies anticipate closing the transaction on or before June 30, 2014.
Gaming Partners International is a manufacturer and supplier of casino table game equipment. Co. custom manufactures and supplies casino currency, playing cards, table layouts, gaming furniture, table accessories, dice, and roulette wheels. Co. also provides multiple radio frequency identification device (RFID) technologies. Co.'s products and services are used with casino table games such as blackjack, poker, baccarat, craps, and roulette. Co.'s products fall into two categories: non-consumable and consumable. Non-consumable products consist of casino currencies, gaming furniture, and RFID solutions. Consumable products consist of playing cards, table layouts, dice, and table accessories.
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