Casino suppier’s loss narrows

Tuesday, Nov. 16, 2004 | 10:45 a.m.

Gaming Partners International Corp. reported a 30 percent increase in third-quarter revenue on increased customer demand and new casino openings, including properties in Macau.

The Las Vegas-based company and leading maker of casino chips, which changed its name from Paul-Son Gaming Corp. in September, still reported a loss of $111,000 in the third quarter. That was narrowed from a loss of $701,000 for the third quarter of last year.

Net sales to U.S. casinos were relatively flat with a year ago but sales to European and Asian customers were up from last year.

The company hopes to benefit from the spread of new chips with built-in "readers" that allow casinos to better track the performance of their table games as well as detect cheats and counterfeit chips.

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