VANCOUVER, Aug. 11, 2014 /CNW/ - POYDRAS GAMING FINANCE CORP. (TSX-V: PYD) ("Poydras" or the "Company") is pleased to announce the continued expansion of its business in its core markets of Oklahoma and California. Poydras added a third California casino to its portfolio with an initial installment of 8 gaming machines. In Oklahoma, the company launched a new distribution partnership through a six machine order from Ainsworth Game Technology Inc. ("Ainsworth"), an Australian publicly listed company (ASX: AGI).
"With this new deployment in California, we now have a local market presence ranging from the L.A. Basin to the San Francisco Bay Area as the Company continues to successfully implement its rollout strategy," said Peter Macy, CEO of Poydras Gaming Corp, "we are looking forward to using these installations to continue to expand our footprint in the large and lucrative California market, home to over 70,000 slot machines. The new partnership with Ainsworth enhances the range of gaming machines that we can provide as we help finance the expansion and upgrading of casino floors in our core markets."
Following the successful delivery of the previously announced 28 new machines in June and early July (see News Release dated May 29, 2014), these new deployments in California and Oklahoma will bring the Company's machine count to 326 across seven casinos. With the addition of Ainsworth products, Poydras' deployed assets will include gaming machines from seven of the top ten North American gaming vendors.
Poydras will also be opening a new San Francisco Bay Area office in September to take advantage of the growing opportunities in California.
For additional information please see the SEDAR website at www.sedar.com.
About Poydras Gaming Finance Corp:
Poydras Gaming is focused on leasing and financing gaming machines (such as slot machines) and related capital expenditures for existing casinos, new casino developments and gaming machine suppliers in the United States. It currently owns or finances slot machines in Oklahoma and California. Additional information about the Company can be found on the SEDAR website at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information in this news release is considered forward-looking within the meaning of certain securities laws and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward‐looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, risks arising from general economic conditions and adverse industry events.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
SOURCE: Poydras Gaming Finance Corp.
For further information: Peter Macy, CEO, Poydras Gaming Finance Corp., Phone: (604) 683-8393, Email: [email protected]; For Investor Relations, please contact: Etienne Moshevich, Transcend Resource Group, Email: [email protected], Phone: (604) 681-0084