A leading supplier of bingo equipment has announced a quarterly dividend of $0.03 per share of common stock for the quarter ending 31 October.

GameTech, which supplies electronic bingo equipment, including hand-held terminals and management software, hope the new figures will herald a substantial growth period.

Chief executive John Furman said: 'We believe we are well positioned to increase our market share through various means. In order to meet our goals, we feel it is important to reserve our cash to fund our growth initiatives. We believe our shareholders will be better served in the long run as a result of this decision.'

Bingo operators are supported by GameTech products that typically increase play, revenues and profits, and with software that is customized to enhance management and operations, all backed by unparalleled customer service and support.