North Las Vegas-based table-game supplier Gaming Partners International Corporation and Bulgarian slot manufacturer Euro Games Technology announced that GPIC will acquire the assets of EGT’s table-game subsidiary, Dolphin Products Ltd.
Based in Hong Kong, Dolphin manufacturers and distributes gaming chips and plaques under the Dolphin brand in Asia and Australia. GPIC will acquire Dolphin’s fixed assets, intellectual property, raw materials and inventory for around $5 million in cash. The purchase price will be paid in installments over 24 months after closing.
With the sale, EGT exists from the table-game business. As part of the sales agreement, EGT and Dolphin both pledge to not manufacturer or distribute table equipment to compete with GPIC.
GPI is one of the industry’s leading suppliers of table game equipment, including chips, plaques, playing cards, table layouts, dice, roulette wheels, gaming table furniture and accessories. The company is one of the leaders in radio frequency identification as employed in gaming chips, with technology including RFID chips, readers, software and displays.
The company employs about 700 worldwide, with several offices in the U.S. and offices in Mexico, Macau and Beaune, France, once headquarters of leading European chip supplier Bourgogne et Grasset, now part of GPI and, with U.S.-based Paulson and Bud Jones, one of three brands of gaming chip the company offers. The company also owns the Gemaco brand of playing cards.
