LAS VEGAS, Aug. 3, 2011 /PRNewswire/ -- Gaming Partners International Corporation (NASDAQ: GPIC) announced today that on August 1, 2011, Scott McCarthy joined the Company as Vice President of Sales — Asia to oversee the Company's expanding operations throughout the Asia Pacific region. With extensive Casino Cage and Count Management experience, McCarthy brings to GPI a wealth of knowledge that will be an integral part of the Company's growing RFID product portfolio as well as its existing currency product offerings. In his role, McCarthy will be responsible for the region's sales and service functions and will oversee the Company's Asia employee base.
"I am pleased to welcome Scott to GPI's global management team and am confident that he will play a key role in our ongoing support and growth throughout this key Gaming region," commented Gregory Gronau, GPI's President and Chief Executive Officer. "Scott's expertise in Casino Currency Operations and Management and his depth of experience in Casino RFID implementation will be a tremendous asset as we leverage our Chip Inventory System and other RFID products in new and exciting ways to support the Casino currency tracking needs of our valued customers."
The former Director of Cage and Count for City of Dreams, Macau, McCarthy was responsible for overseeing the Casino's Cash and Chip flow operations and worked closely with Executive Management to ensure that the property's Cage and Count Operations were in accordance with overall business objectives and EBITDA targets. With over fifteen years' experience in Cage currency operations, including an extensive background in VIP / Junket Casino operations McCarthy has been instrumental achieving benchmark standards in the Gaming industry. In addition to assisting with the opening of City of Dreams, McCarthy was also involved in the opening of Altira (formerly Crown Macau) as Cage Manager and prior to moving to Macau, held a number of increasingly responsible positions with Crown Casino in Melbourne, Australia.
GPI manufactures and supplies casino table games and equipment to licensed casinos worldwide. Under the brand names of Paulson®, Bourgogne et Grasset® and Bud Jones®, GPI provides casino currency such as chips, plaques and jetons; gaming furniture and accessories; table layouts; playing cards; dice; and roulette wheels. GPI pioneered the use of security features such as RFID technology in casino chips and provides RFID solutions including chips, readers and displays. Headquartered in Las Vegas, Nevada, GPI also has offices Beaune, France; San Luis Rio Colorado, Mexico; Atlantic City, New Jersey, and Gulfport, Mississippi. For additional information, please visit http://www.gpigaming.com.
Safe Harbor Statement
This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties, such as statements relating to anticipated future sales or the timing thereof; the long-term growth and prospects of our business or any jurisdiction; the duration or effects of unfavorable economic conditions which may reduce our product sales; and the long term potential of the RFID gaming chips market and the ability of Gaming Partners International to capitalize on any such growth opportunities. Actual results or achievements may be materially different from those expressed or implied. Gaming Partners International's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, the timing and its ability to consummate, acquisitions, and future business decisions and other risks and uncertainties identified in Part I-Item 1A, "Risk Factors" of the Company's Form 10-K for the period ended December 31, 2010, all of which are difficult or impossible to predict accurately and many of which are beyond its control. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate.
FOR FURTHER INFORMATION CONTACT:
Gregory Gronau, Chief Executive Officer and President
Jerry Koslow, Chief Financial Officer
SOURCE Gaming Partners International Corporation