Poydras Gaming Finance Corp. Announces Placement of 150 New Machines
- Third Quarter Conference Call December 1, 2015 -
VANCOUVER, Nov. 19, 2015 /CNW/ - POYDRAS GAMING FINANCE CORP. (TSX-V: PYD) ("Poydras," "PGFC," or the "Company") announces the placement of 150 machines at the Lucky Star Casino in Hammon, Oklahoma ("Lucky Star Hammon"). The newly opened facility is owned and operated by the Cheyenne & Arapaho Tribes of Oklahoma, a long-standing customer of the Company. Lucky Star Hammon, the Oklahoma casino located closest to the Texas panhandle, is expected to draw heavily from the north Texas market and brings traffic to a potentially underserviced market.
As of the date of this release, Poydras has installed 114 of the 150 machines under the contract, and expects to install the remaining 36 machines within the next 60 days. With these additional 150 machines, Poydras now has over 2,400 machines installed.
"We are pleased to build on our recent momentum towards achieving our early 2016 target of 2,500 installed machines and to be extending our long-standing relationship with both the Cheyenne & Arapaho Tribes as they expand their footprint in Northwestern Oklahoma," said Peter Macy, CEO of Poydras.
The Company also announces that they will hold a conference call to discuss the results for its third quarter ended September 30, 2015. The call will be hosted by Peter Macy, CEO, and Adam Kniec, CFO on Tuesday, December 1, 2015 at 8:00 a.m. PST (11:00 a.m. EST), and followed by a question and answer period. All interested parties are invited to participate.
The Company will report its financial results for the third quarter on or before November 30, 2015.
Conference Call Details:
| DATE: |
Tuesday, December 1, 2015 |
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| TIME: |
8:00 a.m. Pacific Time / 11:00 a.m. Eastern Time |
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| DIAL IN NUMBER: |
North America Toll-Free Dial-In Number: |
1 (888) 231-8191 |
| CONFERENCE ID: |
80600188 |
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| TAPED REPLAY: |
1 (855) 859-2056 |
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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 owns and finances slot machines including short- and long-term lease contracts across 25 casinos in Oklahoma and Texas. 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.
Keith Richards, Investor Relations | NATIONAL Equicom, T: 416.848.1599, E: [email protected]; Peter Macy, CEO, Poydras Gaming Finance Corp., T: (604) 683-8393, E: [email protected]
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