VANCOUVER, Sept. 13, 2017 /CNW/ - POYDRAS GAMING FINANCE CORP. (TSX-V: PYD) (OTCQX: PYDGF) ("Poydras" or the "Company"), a leading regional gaming route operator in its core markets of Oklahoma and Texas, announced today that it will be presenting at the Sidoti & Company Fall 2017 Conference on Thursday, September 28th at the New York Marriott Marquis in Times Square, New York City. Peter Macy, CEO of Poydras, will be presenting at 10:50AM EDT, as well as meeting with investors throughout the day.
"Poydras continues to execute on its growth strategy to increase machine deployments, enhance and optimize its existing machine base, and to introduce new and innovative, next-generation gaming technology," said Peter Macy, CEO of Poydras. "We are very pleased to be speaking at the Sidoti Conference which gives us the opportunity to update investors on the Poydras story, our growth in Oklahoma, the most vibrant Tribal gaming market in the U.S., and other opportunities we are seeing to create value and monetize our platform and relationships."
Recent Company Highlights
Continued growth in revenue and adjusted EBITDA, including an 18% increase in adjusted EBITDA in Q2 2017 vs. Q2 2016.
Substantial completion of recently announced deployments, increasing our presence to nearly 30 casinos.
Expanded library of exclusive product relationships. Since June 30, 2017, Poydras has deployed its first Gamblit Gaming and Grand Vision Gaming machines with new customers in Oklahoma, with additional deployments to come.
Augmented its position in the attractive Texas market by approximately 200 additional machines year-to-date.
Hired a Director of New Market Development to help further penetrate existing markets and find expansion opportunities across the Southwestern United States.
About Poydras Gaming Finance Corp.: Poydras Gaming is a regional slot route operator with approximately 2,600 gaming machines in operation across over 25 casinos in Oklahoma and Texas. The Company primarily derives its revenue from short- and long-term revenue share contracts with Native American casinos. It provides gaming equipment such as slot machines and electronic table games, and project financing to owners, operators, and managers of casinos and other regulated gaming venues. The company works with casinos, new casino developments, and gaming machine suppliers. In addition, it distributes casino and bingo equipment, and offers direct and online sales of gaming supplies for poker and bingo. Additional information about the Company can be found on the Company's website at www.poydrasgaming.com and 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.
About Sidoti & Company Sidoti & Company, LLC is Wall Street's preeminent provider of equity research generally focused on companies with market capitalizations of under $3 billion, covering over 250 companies across a range of industries. The companies covered by its traditional research typically have a history of profitability, maintain strong balance sheets, and tend to have limited, if any, coverage by other Wall Street firms. Sidoti's approach affords institutional investor clients a combination of high-quality research, a small- and micro-cap company focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves nearly 500 institutional clients in the U.S., Canada and the U.K., including many leading managers of portfolios with $200 million to $2 billion of assets.