Touchscreen tech specialist Zytronic says it is experiencing unexpected turmoil in the international gaming market which will impact on its results.
The Tyneside firm, which makes systems for the likes of slot machines and video jukeboxes installed in casinos, bars and clubs, gave an update to investors on the London Stock Exchange in which it said gambling firm Aruze Gaming America's (AGA) filing for Chapter 11 bankruptcy in the US had impacted two of its customers. The move has caused difficulties for Zytronic, which is trying to recover £300,000 of goods from two customers, Aruze Philippines Manufacturing Inc (APMI) and a South Korean display system integrator used by APMI to purchase touch products.
From its Blaydon base, Zytronic said it had been receiving weekly updates from APMI and that it had come to the decision the amounts should be treated as doubtful debts and that it would fully write down goods manufactured and in progress for the two companies.
