Paul-son gaming

Business Equipment and Supplies. Other Industries. Casinos and Gaming. Gaming Partners International. Primary Office. What you see here scratches the surface Request a free trial.

Want to dig into this profile? Request a free trial. Paul-Son Gaming Acquisitions 1. Paul-Son Gaming Exits 1. As the casino business grew, so did Paul-Son, which expanded beyond cards and dice to offer chips and furniture. Each new casino required layouts and tables and an initial supply of chips, playing cards, and dice, but the real volumes came in replacement sales. Cards and dice had to be replaced every few hours, felt was worn down after just two months, and even chips lasted only about five years.

In , much of the manufacturing was moved to San Luis, Mexico, close to the Arizona border, as a way to cut costs. The elder Endy, seeing that major manufacturers, such as automakers, were setting up plants in Mexico, decided to follow suit, transferring dice, chip, and furniture making operations to the new site. Only playing cards and felt table layouts continued to be produced in Las Vegas.

As a result, Paul-Son was able to lower prices and gain a competitive edge. Aside from price, the company also produced a quality products, which were becoming increasing more sophisticated.

Paul-Son was the first to embed a small piece of encoded microfilm in chips to help prevent counterfeiting. In the early s, the company developed a proprietary molding system that made it possible to produce full-color graphics on a chip. While previous chips featured an inlay of the casino's logo less than an inch in diameter, the Paul-Son molded chip had an inlay that measured 1 inches, almost the entire surface of the 1.

This allowed for more detailed graphics, which Paul-Son was able to do in-house with computers. While many of the new chips simply featured a larger version of the casino's logo, the new technology led to the idea of special-event chips, including those that commemorated the Super Bowl, championship boxing events, and even the wedding of Donald Trump to Marla Maples. Any chip not cashed in meant more profit to the casinos, which quickly embraced the idea of special-event chips.

In , Congress passed The Indian Gaming Regulatory Act, granting Native American tribes "the exclusive right to regulate gaming on Indian lands if the gaming activity is not specifically prohibited by federal law and is conducted within a State which does not, as a matter of criminal law and public policy, prohibit such gaming activity.

The idea behind tribal gaming was to encourage economic development and promote tribal self-sufficiency, and soon states turned to gaming as a way to fund their own programs, establishing legalized casinos, in particular on riverboats in such places as Gulfport and Greenville, Mississippi.

Although Paul-Son did some international business, selling to casinos in Monte Carlo, the Caribbean, England, and South Africa, 90 percent of its sales came from the domestic market. During the first five years of the s, the number of table games at U. To take advantage in the explosion in casino gaming, Paul-Son began taking steps to become a public company.

Paul-Son produced mixed results after going public. In , it forged a joint venture with JP Retail Enterprises of Louisiana, its distributor in the state, and opened a retail store, "Jacks or Bettor," to sell dice, chips, and playing cards as well as clothing, jewelry, and memorabilia with gaming motifs to the general public.

Early in , Paul-Son opened a new 45,square-foot manufacturing facility in San Luis to help meet the increasing demand for replacement products. The company also installed a new state-of-the-art playing card cartoning machine capable of packaging 2, decks of playing cards per hour, a 50 percent increase over the speed of previous equipment. The system could also wrap bridge size and blackjack size cards simultaneously and possessed optics able to detect a deck's color and automatically assemble the appropriate box.

However, the company also suffered setbacks. Craps was rapidly losing popularity because it was deemed too complicated by younger gamblers, thus cutting into the sale of dice. Living Trust, would sell additional shares to bring Bourgogne et Grasset stockholders' postcombination ownership in Paul-Son to Bourgogne et Grasset supplies chips, roulette wheels, displays, layouts, tables and other equipment to casinos worldwide, primarily in Europe and the Far East.

The Bud Jones Co. Bourgogne et Grasset stockholders would designate four of the seven members of the newly expanded board and current Paul-Son directors, including Endy, would hold three of the seats. Paul-Son must submit the merger for shareholder approval and said it anticipates scheduling a meeting in the third or fourth quarter to vote on the deal.

Bourgogne et Grasset's board and shareholders have already approved the transaction.