LAS VEGAS, NV - Casino furniture and gaming tables manufacturer Gaming Partners said its 2011 furniture sales fell $2.7 million in the U.S. mostly against very large sales in 2010 for casino projects in Pennsylvania, Delaware and West Virginia.
Overall the company reported a revenue increase, mostly from Asian sales of casino chips that is one of its primary business lines.
While Asian business grew, "a $5.4 million decline in American-style casino chip revenue and a $2.7 million decline in furniture, accessories, and layout sales in the United States, [was] due primarily to significant second and third quarter sales to Pennsylvania, Delaware, and West Virginia casinos in 2010," the company said in its earnings report.
"We closed out 2011 with a strong year for sales in Asia," said Gregory Gronau, GPIC president and CEO. "We will continue to pursue potential strategic acquisitions and partnerships to grow our business."
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