Bullboard - Stock Discussion Forum Integrity Gaming Corp. V.IGAM

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"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."

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TSXV:IGAM - Post Discussion

Integrity Gaming Corp. > PYD's next phase of growth

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Post by Riverfolk on Oct 09, 2016 3:43pm

PYD's next phase of growth

Poydras Gaming completed a non-dilutive long-term US$30.5 million refinancing on July 29, 2016, cleaning up the capital structure and funding the Company’s next phase of growth

Provides new capital and increases operating cash flow available for reinvestment

Funds also used to retire US$7.7 million of convertible debentures (retired on September 5, 2016), prepay all vendor loans, prepay loans with PDS gaming, fully fund the 230 machine placement agreement (announced May 24, 2016), and acquire the outstanding 50% interest in the JV with A&W Enterprises (announced August 12, 2016)