Gaming Partners International Corporation Reports Financial Results for the First Quarter of 2012

                                            GAMING PARTNERS INTERNATIONAL CORPORATION                                               CONDENSED CONSOLIDATED BALANCE SHEETS                                                            (unaudited)                                                (in thousands, except share amounts)                                                                                                                                                                                                                                                                                                                                        March 31,                           December 31,                                                                                  2012                                     2011                                                                                  ----                                     ----     ASSETS     Current Assets:                       Cash and cash                       equivalents                                             $10,430                                   $9,282                       Marketable                       securities                                               13,128                                   14,867                       Accounts                       receivable, net                                           6,001                                    5,976                      Inventories                                                7,669                                    7,749                      Prepaid expenses                                             891                                    1,015                       Deferred income                       tax asset                                                   807                                      893                       Other current                       assets                                                    2,386                                    1,564                        Total current assets                                    41,312                                   41,346     Property and equipment, net                                                11,855                                   11,836     Intangibles, net                                                              621                                      646     Deferred income tax asset                                                   1,507                                    1,740     Inventories, non-current                                                      113                                      160     Other assets, net                                                             239                                      314                             Total assets                                      $55,647                                  $56,042                      ============                                                                                                                                      LIABILITIES AND STOCKHOLDERS' EQUITY     Current Liabilities:                      Short-term debt                         $                      -                                      $17                      Accounts payable                                           2,702                                    2,376                       Accrued                       liabilities                                               5,278                                    5,876                       Customer deposits                       and deferred                       revenue                                                   2,710                                    4,585                       Income taxes                       payable                                                     144                                        -                        Total current liabilities                               10,834                                   12,854     Long-term debt                                                                  -                                       15     Deferred income tax liability                                                 710                                      689                            Total liabilities                                   11,544                                   13,558                      --------     Commitments and contingencies - see Note 8     Stockholders' Equity:        Preferred stock, authorized 10,000,000 shares, $.01         par value,                                                                  -                                        -                        none issued or                         outstanding        Common stock, authorized 30,000,000 shares, $.01 par         value,                       8,207,077 and                       8,140,675 issued                       and outstanding,                       respectively,                       as of March 31,                       2012, and                       8,207,077 and                       8,187,764 issued                       and outstanding,                       respectively, as                       of December 31,                       2011                                                         82                                       82        Additional paid-in capital                                              19,453                                   19,401        Treasury stock, at cost: 66,402 and 19,313 shares                         (595)                                    (267)        Retained earnings                                                       23,713                                   22,442        Accumulated other comprehensive income                                   1,450                                      826                      Total stockholders' equity                                44,103                                   42,484                       Total liabilities and stockholders'                       equity                                                  $55,647                                  $56,042                                                                               =======                                  ======= 

              GAMING PARTNERS INTERNATIONAL CORPORATION            CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS                              (unaudited)                (in thousands, except per share amounts)                                                     Three Months Ended                                                        March 31,                                                        ---------                                                       2012               2011                                                       ----               ----     Revenues                             $15,425            $17,821     Cost of      revenues                                       10,203             11,492                    Gross profit                      5,222              6,329      Marketing and      sales                                           1,409              1,277     General and      administrative                                  2,269              2,550                    Operating income                  1,544              2,502     Other income      and (expense)                                     110                110                    Income before income taxes        1,654              2,612     Income tax      provision                                         383                883                    Net income                       $1,271             $1,729                    ==========      Earnings per      share:                    Basic                             $0.16              $0.21                    =====                    Diluted                           $0.16              $0.21                    =======     Weighted-      average      shares of      common stock      outstanding:                    Basic                             8,169              8,199                                                      =====                    Diluted                           8,184              8,220                                                      =====