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Bullboard - Stock Discussion Forum 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 Discussion

Integrity Gaming Corp. > Wait until the big one comes from Santa!!
View:
Post by Loserboard on Dec 14, 2015 7:33pm

Wait until the big one comes from Santa!!

TSX Venture: PYD
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Poydras Gaming Finance Corp. Announces Closing of $3.5 Million USD Financing Facility

VANCOUVER, Dec. 14, 2015 - POYDRAS GAMING FINANCE CORP. (TSXV: PYD) ("Poydras," "PGFC," or the "Company") today announces that it has closed on its previously disclosed $3.5 million four-year loan with PDS Gaming Corp.. For further details about the facility, refer to the Company's Q3 2015 financial results press release, available on www.sedar.com.

About PDS Gaming Corp.:
PDS Gaming is a finance and leasing company that specializes in customized financing solutions, including equipment leasing, project and corporate financing and manufacturing vendor financing programs for the gaming industry. PDS Gaming is licensed in most of the major U.S. and Native American jurisdictions.

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.

SOURCE Poydras Gaming Finance Corp.

For further information: Keith Richards, Investor Relations | NATIONAL Equicom, T: (416) 848-1599, E: krichards@nationalequicom.ca; Peter Macy, CEO, Poydras Gaming Finance Corp., T: (604) 683-8393, E: info@poydrasgaming.com

Copyright © 2015 Poydras Gaming, All rights reserved.
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Comment by blomskompskies on Dec 14, 2015 9:05pm
Yeah I dunno what that news means. Did we buy a 3.5$ US million dollar facility as in building? Or a LOAN like in money... What the hell is going on
Comment by blomskompskies on Dec 14, 2015 10:08pm
The Q3 Earnings on Sedar stated that Poydras hoped to finalize the loan by Early December..maybe since its now past mid-December explians the sell-off to the point were at now in SP price.  This is great news...I hope we see them do something with the $$$ rather than sit on it and use it on "operating costs" like Maceys big Salary.  Go Poydras!
Comment by biggerr on Dec 15, 2015 8:17am
now they have to put this loan to work because the interest payments are starting also and they have to cover them somehow, we should get news soon about some new venture IMO
Comment by blomskompskies on Dec 15, 2015 8:49am
They have to have something lined up in regards to a new contract or else why would they have taken out such a large loan. On the great side of things they don't have to dilute their shares outstanding anymore which is a plus for all shareholders. So I'm sure we'll see some news this week or the weekend. Good luck to all shareholders and happy holidays! Cheers.
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