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Integrity Gaming Corp. V.IGAM

"Integrity Gaming Corp is a provider of gaming equipment and project financing to owners, operators, and managers of casinos and other regulated gaming venues. The company focuses on U.S tribal gaming markets where it leases and distributes slot machines, electronic table games, casino, and bingo equipments."


TSXV:IGAM - Post by User

Post by SilverSaver333on Dec 17, 2015 1:08am
77 Views
Post# 24390761

PYD Closes Financing

PYD Closes FinancingIt will be exciting to see what Poydras decides to use the money towards. Based on the corporate presentation, there appears to be a number of expansion options to choose from. Since PYD likely had investment opportunities waiting in the wings until more capital was available, I wouldn't be surprised if they release news in the near future announcing further growth. Given how many revenue generating machines are currently deployed, even if PYD decided to wait for a future purchase, they could easily afford to carry the debt with a fraction of the current cash flow. With the Fed raising interest rates, it's undoubtedly going to become much harder for businesses to get approved for loans. Which makes it even more beneficial that Poydras recently started doing business with a significant lender. Considering the close relationship the executives from both companies seem to have, it will be interesting to see the future agreements PYD and PDS Gaming can reach. DYODD and GLTA.
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