The Nasdaq-listed company posted revenue of $10.2 million during the second quarter, down 28% from a year earlier, GPI reported on Tuesday. It generated about $2.7 million in the Asia-Pacific region, a 45% decline.
The decline in overall sales was primarily attributed to a lack of opening and expansion due to lower casino currency sales worldwide, the company said.
"We do not expect to benefit from the casino opening for the rest of 2014," said Greg Gronow, president and CEO.
In May, the GPI announced it had received a large order to supply casino currency to Macau's undisclosed casinos.
"The order includes nearly 900,000 chips and over 137,000 plaques from the company's Burgundy Gracette and Bud Jones brands, representing just US$6.4 million of total revenue that should be recognised for the rest of 2014," Mr Gronau said.
He also mentioned GPI's $19.75 million acquisition of Gem Group Inc. in July.
"The acquisition of Gem Group's gaming assets will add Gemco-branded playing cards and table layouts to our domestic product portfolio and increase our U.S. market share in both products," Mr. Gronow said. "We will also add layout manufacturing and sales to our Asia-Pacific product offerings."
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