Poydras Gaming Finance Corp. Announces 230 Machine Contract with a New Tribal Customer

- First Quarter Conference Call May 31, 2016 -

VANCOUVER, May 24, 2016 /CNW/ - POYDRAS GAMING FINANCE CORP. (TSX-V: PYD) ("Poydras," "PGFC," or the "Company") announces that it has entered into a new long-term contract to place approximately 230 gaming machines in a new Native American-owned casino in Oklahoma. The revenue sharing agreement is expected to add at least US$2.0 million dollars in annual run-rate revenue.  In FY 2015 Poydras reported US$8.2 million dollars in revenue.

The new casino is expected to open early in the third quarter with all machines deployed and revenue producing by the end of September.  With these machines in place, the Company will have over 2,600 revenue-generating machines deployed.

"We are pleased to exceed our early 2016 target of 2,500 installed machines, and in the continued expansion of our footprint in Oklahoma, which is a strong, vibrant and growing gaming market," said Peter Macy, CEO of Poydras. "Moving forward, we are committed to expanding our existing network and executing on opportunities to continue growing our strong base of recurring revenue."

The Company also announces that they will hold a conference call to discuss the results for its first quarter ended March 31, 2016. The call will be hosted by Peter Macy, CEO, and Adam Kniec, CFO on Tuesday, May 31, 2016 at 7:00 a.m. PST (10:00 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 first quarter on or before May 30, 2016.

Conference Call Details:

About Poydras Gaming Finance Corp.:
Poydras Gaming is a regional slot route operator with approximately 2,400 revenue-generating gaming machines across 25 casinos in Oklahoma and Texas.  The Company provides slot machines and related capital expenditures under short- and long-term contracts for existing casinos, new casino developments and gaming machine suppliers in the United States.  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.